Latest Trade execution News: Finextra Research

Australian investors cheer first anniversary of Chi-X

Australian investors have realised up to $215 million in net benefits since the arrival of Chi-X on the nation's shores busted the natural monopoly enjoyed by the Australian Securities Exchange (ASX).

25 June 2013

News/Trade execution

EU approves ICE take-over of Nyse Euronext

The European Commission has cleared the proposed $8.2 billion acquisition of Nyse Euronext by IntercontinentalExchange.

24 June 2013

News/Trade execution

Deutsche Bank to add 400 staffers to North Carolina software development centre

Deutsche Bank unit DB Global Technology has vowed to spend $13.5 million expanding its North Carolina software development centre, creating 431 new jobs.

21 June 2013

News/Trade execution

Binary option brokers bring in bitcoin trading

Binary options brokers SetOption and TradeRush have begun offering trading in bitcoin, giving speculators the chance to take advantage of the virtual currency's volatility.

21 June 2013

News/Trade execution

Aussie watchdog relaxes plans to constrain dark pools and HFT

The Australian securities market regulator Asic has shelved plans to introduce tougher rules on high frequency trading and dark pools following a dip in fleeting small orders by HFT traders and lower activity in dark markets.

20 June 2013

News/Trade execution

Icap invests in portfolio reporting and data analytics firm EFM

Interdealer broker Icap has made a strategic investment in Enso Financial Management (EFM), an early-stage provider of portfolio reporting and data analytics services to hedge funds and asset managers.

20 June 2013

News/Trade execution

SAP launches capital markets tech contest for students

IT giant SAP has launched a contest for American financial engineering university students, inviting them to pitch technology ideas that will help shape the future of capital markets.

18 June 2013

News/Trade execution

MiFID II reforms to limit dark pool trading

EU member states have agreed a series of reforms to the markets in Financial Instruments Directive (MiFID II) aimed at enhancing transparency levels and limiting the growth of dark pool trading.

17 June 2013

News/Trade execution

Progress to sell Apama to Software AG

Progress Software has agreed to sell its Apama complex event processing (CEP) platform to Swiss vendor Software AG. Financial terms of the deal were not disclosed.

13 June 2013

News/Trade execution

Dark pool trading costing US investors billions - study

The effects of order segmentation by dark venues are damaging overall price discovery and market quality, and costing US investors billions of dollars, according to a study by Sydney-based Capital Markets Cooperative Research Centre (CMCRC).

07 June 2013

News/Trade execution

Was the London Whale a rogue trader?

Speaking at Finextra's 'Holistic surveillance and the fight to prevent rogue traders' webcast, industry veterans David Clark and Simon Wheatley, along with Shaun Mathieson, senior consultant, global banking & markets, SAS debate whether the ongoing saga of JP Morgan's so-called London Whale trader constituted a rogue trader incident.

06 June 2013

News/Trade execution

Gores Group acquires Orange Business Services - Trading Solutions

France Telecom-Orange has sold its trading communications business to US private equity operator Gores Group and management for an undisclosed amount.

03 June 2013

News/Trade execution

Nasdaq OMX hit with record $10m fine over Facebook IPO fiasco

The Securities and Exchange Commission (SEC) has fined Nasdaq OMX a record $10 million over its botched handling of the Facebook initial public offering (IPO) last year.

30 May 2013

News/Trade execution

Osaka Securities Exchange heads fined over systems outage; ASX rapped for comms breakdown

The president and managing director of Osaka Securities Exchange have had their pay docked in recompence for a four-hour shut down of the J-Gate derivatives trading system in March.

23 May 2013

News/Trade execution

LSE poaches SunGard's Mack Gill to head up MillenniumIT

The London Stock Exchange has hired SunGard's John Mackay ('Mack') Gill to serve as chief executive of its technology subsidiary MillenniumIT.

22 May 2013

News/Trade execution

Temasek acquires 10% stake in Markit

Temasek, Singapore's state-owned investment company, has acquired a 10% stake in financial data firm Markit for $500 million.

22 May 2013

News/Trade execution

Buy side spending on execution and order management systems rising year-on-year

Institutional investors spend between $1.5 billion and $2 billion per year on order management and execution management systems for their trading desks - a growing amount due to increased demands for compliance tools and the need to keep pace with rapid changes in market structure.

20 May 2013

News/Trade execution

Bloomberg hires former IBM chief Palmisiano to conduct data privacy probe

Bloomberg has hired former IBM chairman and CEO Sam Palmisiano as an independent advisor to review privacy and data standards practices at the company.

20 May 2013

News/Trade execution

JPMorgan Chase demands access to Bloomberg logs

JPMorgan Chase lawyers have demanded that Bloomberg hand over five years of internal staff logs, in another sign of disquiet among financial firms over the extent of a snooping scandal at the market data vendor.

16 May 2013

News/Trade execution

AMF issues RFI for central securities data repository

The Autorité des marchés financiers (AMF), the regulatory and oversight body for Québec's financial sector, has issued a Request for Information (RFI) for potential suppliers to tender for the creation of a new Market Analysis Platform (MAP).

16 May 2013