Trade execution

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/Trade execution

African Stock Exchange to use Deutshe Bourse technology platform

The African Stock Exchange (AFSX) plans to use the technology and support services of Deutsche Börse's Xetra trading venue.

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DTCC proposes central clearing for US tri-party repo industry

The Depository Trust and Clearing Corporation’s (DTCC) subsidiary Fixed Income Clearing Corporation (FICC) intends to submit a rule filing with the Securities Exchange Commission (SEC) and an Advance Notice filing to both the SEC and the Federal Reserve to provide central clearing for the over $1.6 trillion institutional tri-party repo market.

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Deloitte Digital to stage capital markets hackathon

Deloitte Digital is bringing developers, entrepreneurs, designers and a range of digital specialist together for its first hackathon aimed at the capital markets industry.

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Bloomberg Tradebook aggregating buy-side liquidity in ETFs

Bloomberg Tradebook today unveiled the first electronic Request for Quote (RFQ) service for exchange-traded funds (ETFs) that enables traders to anonymously access liquidity from buy-side ETF liquidity providers in the U.S. and Europe.

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ITG takes algorithmic trading to the dark side

ITG (NYSE: ITG), a leading execution and research broker, today announced the launch of the POSIT® Marketplace 3.0 algorithm, which combines ground-breaking technology and proprietary analytics to increase fill rates in non-displayed venues while filtering out potentially toxic liquidity.

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IPC targets Indian market through Velocis partnership

IPC Systems Inc., a leader in specialized communications, has announced their partnership with Velocis Systems, an established IT Solutions and Services organization with a presence in over 80 locations throughout India.

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Neonet expands liquidity access with Aquis Exchange

Neonet, the independent agency broker and execution specialist, today announced that it is providing access for clients to Aquis Exchange, the subscription-based European equities exchange.

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Swiss takes on new financial rules riles SIX

As an operator of financial market infrastructure, SIX supports the intention of the Federal Council to regulate financial market infrastructure and derivatives trading through a law. SIX recognizes that the legislation proposed at the beginning of September is pragmatic and feasible, and that it is largely based on international standards.

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ICMA reports successful transition to T+2 for European bond trading

The International Capital Market Association (ICMA) and the ICMA European Repo Council (ERC) report that the initial feedback from members and operations working groups indicates that that the transition to settlement at T+2 for the European fixed income markets has been largely successful with few issues.

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MTS opens Bonds.com to the buy side through API interface

MTS Markets International, Inc., a London Stock Exchange Group (“LSEG”) company, today announces the first liquidity provisioned trades by buy-side institutions via its newly enhanced API (application program interface) on its live all-to-all trading platform, MTS Bonds.com.

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CME to cull tech staff in restructuring

CME is to cut five percent of its workforce, or about 150 jobs, with the majority of lay offs coming from technology positions.

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EquiLend launches securities finance trading platform in Australia

EquiLend has received regulatory clearance from the Australian Securities and Investments Commission (ASIC) to operate its securities finance trading platform domestically in the market.

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Morgan Stanley to join Eurex securities lending CCP

Eurex Clearing, Europe’s leading clearing house and part of Deutsche Börse Group, announced that Morgan Stanley, one of the leading global investment banks, will become a clearing member of the Securities Lending CCP. Both partners aim to have finalized the process by the end of October.

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EuroCCP to match trades via Traiana

EuroCCP announced today its clearing services for clients’ matching OTC transactions with Traiana.

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Dion adds Shanghai-Hong Kong Connect module

Dion Global Solutions (Dion) (BSE: 526927), technology partner to the financial services industry, has launched a new module within its NOVA suite to support the Shanghai–Hong Kong Stock Connect scheme.

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Hermes funds to be distributed over Calastone network

Hermes Investment Management has selected Calastone, the global funds transaction network, for their global order routing services.

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Orc launches smart order router

Orc, a global leader in derivatives trading technology, today announced Orc Smart Order Router (SOR), a flexible, high-performance routing engine designed to enhance quality of execution, reach the best liquidity and reduce costs.

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CFH Clearing moves to Equinix Slough data centre

CFH Clearing is moving its matching, order and execution system to Equinix’s London Slough data centre campus, enabling clients to benefit from reduced latency and cost efficiencies as a result of being based in the same data centre as many of its London-based clients and liquidity providers.

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Utility services and post-trade processing

Owen Jelf, managing director, Accenture Post-Trade Processing, talks about the current environment in investment banking and the role utility services could play in the future in the industry.

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ISE introduces Cross Market Speed Bump

The International Securities Exchange Holdings, Inc. (ISE Holdings) today announced the launch of the Cross Market Speed Bump, which allows Market Makers to establish a common risk threshold across both ISE and ISE Gemini.