Trade execution

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Bats exchange hit by outage

Bats Global Markets was forced to shut down its largest US exchange for nearly an hour yesterday because of an internal network issue.

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UBS veteran Robert Barnes named Turquoise CEO

The London Stock Exchange has tapped UBS veteran Robert Barnes as chief executive of its pan-European MTF, Turquoise.

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CME Group told to improve surveillance

CME Group's procedures for monitoring Exchange for Related Position (EFRP) transactions are "inadequate" and should be beefed up quickly, says the Commodity Futures Trading Commission,

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LSE wins tech deal with Argentinian CSD

The London Stock Exchange will provide technology and business development help to Argentinian CSD Caja de Valores (CVSA) under a deal designed to boost the South American country's capital markets.

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Capital markets participants bullish on social media data

In a poll of 50 buy- and sell-side professional conducted by OneMarketData, more than half viewed social media data as a good opportunity to capture alpha on a daily basis.

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MPs call for financial transaction tax on high frequency traders

A UK parliamentary committee has called on the government to investigate the viability of imposing a financial transaction tax on the profits made by high frequency traders operating in London markets.

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Mizuho fails in legal bid to claw back over 40 billion yen in fat finger trading losses

The Tokyo High Court has upheld a lower court ruling ordering the Tokyo Stock Exchange to pay 10.7 billion yen to Mizuho Securities over a botched trade in 2005 that cost the Japanese broker 40 billion yen in trading losses.

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FCA slaps £5.6 million fine on RBS for transaction reporting failures

The Royal Bank of Scotland (RBS) has been fined £5.6 million by the Financial Conduct Authority (FCA) for incorrectly reporting transactions in wholesale markets, and in some instances, failing to report transactions at all.

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Regulators begin HFT crack down on market spoofing algorithms

Regulators on both sides of the Atlantic have levelled their first fines against high frequency traders who deployed computer algorithms to spoof the markets by placing and immediately cancelling bids and offers in futures contracts.

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Nasdaq bulletin boards breached by hackers

Nasdaq has warned users of its community bulletin boards that hackers have broken into the site and may have compromised user e-mail addresses and passwords.

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Deutsche Börse connects with Liquidnet for block trading service

Deutsche Börse is to offer block trading of German equities through an arrangement with buy-side network Liquidnet.

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Goldman Sachs sells majority stake in Redi fintech biz

Goldman Sachs has sold a majority stake in its Redi fintech unit to a consortium of major finance players. Financial terms of the deal were not disclosed.

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Exchange data highlights systemic threat from cyber attacks

Just over half of the world's securities markets have fought off intrusions by cyber-attackers over the past year, according to figures released by the International Organisation of Securities Exchanges (Iosco) and the World Federation of Exchanges (WFE).

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Nyse Euronext to take control of Libor

Nyse Euronext has beaten off competition from financial information vendors to take control of the London Interbank Offered Rate.

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Thomson Reuters suspends early peeks at consumer data for HFT clients

Under pressure from the New York attorney general, Thomson Reuters has agreed to suspend its practice of providing high-frequency traders with market-moving consumer survey results a couple of seconds before the information is given to other subscribers.

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Deutsche Börse joins $20m funding round for cloud firm Zimory

Berlin-based cloud management software firm Zimory has raised $20 million in a funding round led by Deutsche Börse, with which it is working to build a trading venue for outsourced storage and computing capacity.

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London Stock Exchange to acquire Turquoise Derivatives

The London Stock Exchange is to acquire the derivatives business of Turquoise Global Holdings, in which it owns a 51% stake.

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Winklevoss twins to float $20 million bitcoin fund

Tyler and Cameron Winklevoss, most famous for their legal tangles with Facebook founder Mark Zuckerberg, have revealed plans to float a bitcoin trust.

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Deutsche Börse preps cloud computing exchange

Deutsche Börse has outlined plans to launch the world's first vendor neutral trading venue for outsourced storage and computing capacity.

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EC charges banks, Isda and Markit in CDS investigation

EC regulators say that 13 investment banks, the International Swaps and Derivatives Association (Isda) and Markit breached antitrust rules by colluding to prevent exchanges from entering the credit derivatives business.