Trade execution

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/Trade execution

Are banks ready for intraday liquidity monitoring?

Darryl Twiggs, EVP product management at SmartStream looks at whether banks and institutions are ready for the upcoming BIS Intraday Liquidity Monitoring requirements.

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US exchanges to deploy 'kill switches' in the wake of Nasdaq fall-over

US exchanges have agreed to implement 'kill switches' to shut down trading in the event of a technological failure.

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US regulator proposes further curbs on high-speed trading

The US Commodity Futures Trading Commission is seeking public comment on further proposals to curb high-speed derivatives trading.

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Nyse Euronext takes stake in private placement start-up ACE

Nyse Euronext has acquired a minority stake in ACE as it bids to enter the market for private placement of securities.

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China extends probe into brokerage IT after Everbright reports $85.5 million loss due to glitch

China Everbright Securities lost $85.5 million due to a technical glitch in its order management system which flooded the market with erroneous buy orders and seriously disrupted trading in China last month.

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Nasdaq moves to strengthen SIP after second outage

Nasdaq has outlined a series of steps to improve the resilience of the Securities Information Processor following a second brief outage just weeks after a malfunction in the market data feed forced the exchange to shut down for three hours.

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Nasdaq OMX blames software bug for outage

Nasdaq OMX says that last week's three hour outage was caused by a software flaw triggered by a flood of messages from rival Nyse Arca.

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Three charged over trading code theft

New York prosecutors have charged two men with stealing trading code and data from their former employer, Flow Traders, and e-mailing it to themselves.

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Trading disruption at Eurex adds to fears over market resilience

Trading on the Eurex derivatives exchange was halted for 60 minutes on Monday due to a technical error, the latest in a series of glitches to hit exchange operators worldwide.

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Bats and Direct Edge agree merger

US exchange operators Bats Global Markets and Direct Edge have agreed a merger deal. Financial terms have not been disclosed.

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SEC promises swift action after trading glitch hits Nasdaq OMX

The US Securities and Exchange Commission is to convene a meeting of exchange heads and other market participants after a technical breakdown forced Nasdaq OMX to suspend trading for three hours Thursday.

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ICE calls in banks for Euronext IPO

IntercontinentalExchange has called in three banks to help float the European equity operations of Nyse Euronext, according to Reuters.

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Bloomberg vows to increase oversight in wake of client data privacy probe

Bloomberg has been told to put in place stronger barriers between its news and financial data units to prevent reporters accessing client information.

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Goldman faces losses over trading system glitch

A computer error at Goldman Sachs saw a wave of erroneous options orders sent out to American exchanges yesterday, and could cost the bank up to $100 million.

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Computer glitch causes Shanghai trading chaos

A computer error at China Everbright Securities has been blamed for a flash rally in China's equity market on Friday.

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Regulatory change in the post-trade environment

Arun Aggarwal, managing director, UK and Ireland, Swift, discusses regulation change at the dawn of T2S, collateral management and liquidity pools.

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PE firms buy stakes in Bats

Private equity firms Spectrum Equity and TA Associates have both bought minority stakes in Bats Global Markets from Lehman Brothers Holdings. Financial terms have not been disclosed.

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Hirander Misra unveils derivatives exchange group

Chi-X Europe co-founder and one-time COO Hirander Misra is setting up a new derivatives exchange group in London.

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Bob Diamond in talks to buy stake in Aquis Exchange - FT

Bob Diamond, the controversial former Barclays chief, is in talks about buying a stake in Aquis Exchange, the new pan-European equities trading market being set up by Alasdair Hayne, according to the Financial Times.

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Warsaw Stock Exchange in talks to buy stake in Haynes' Aquis platform

The Warsaw Stock Exchange says that it is in talks about buying a 30% stake in Aquis Exchange, the UK-based start-up hoping to open a pan-European equities trading market.