Trade execution

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/Trade execution

Tradition launches spot FX trading platform

Tradition has launched ParFX, a spot forex trading platform with the backing of 11 major banks, including Barclays and UBS.

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Bloomberg sues CFTC over swaps margin rule

Bloomberg has filed a lawsuit against a US derivatives regulator over new margin rules that differentiate between swaps and futures.

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Fidessa shares slide on warning of flat 2013

Shares in Fidessa fell more than five per cent in morning trading after the fintech vendor warned that continuing tough market conditions will make growth "challenging".

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US exchanges push SEC on dark pool curbs

The bosses of three major US exchanges met regulators yesterday to voice their concern about the amount of trading moving away from their public venues to private platforms such as dark pools.

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Coinsetter raises $500k for bitcoin FX trading platform

New York-based start-up Coinsetter has raised $500,000 in seed funding as it prepares to launch its forex trading platform for bitcoin.

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FXCM makes Gain Capital takeover offer

Online foreign exchange trading platform FXCM has offered to buy rival Gain Capital for $210.4 million in stock.

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Citi files Nasdaq OMX compensation claim over Facebook IPO

Citi has filed a claim with Nasdaq OMX to receive compensation relating to the exchange operator's botched Facebook IPO but has not ruled out further legal action, according to Reuters.

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Ex-Goldman trader pleads guilty to wire fraud

A former Goldman Sachs trader has pleaded guilty to fabricating trades on a manual system to hide an unauthorised $8.3 billion futures bet.

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Thomson Reuters faces whistleblower suit over allegations of market data tip-offs to premium clients

A former Thomson Reuters employee is suing the news and information vendor for wrongful dismissal after he made allegations to the FBI that the company was releasing market reports early to ultra low-latency clients.

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Bloomberg adds real-time tweet stream to market data desktop

Bloomberg is to integrate real-time Twitter feeds into its market data terminal. The announcement follows this week's decision by the US Securities and Exchange Commission to allow companies to use social media for corporate disclosures.

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Nasdaq OMX agrees eSpeed acquisition

Nasdaq OMX has struck a deal to buy electronic US Treasuries trading platform eSpeed from BGC Partners for $750 million in cash.

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Banks join forces to develop open standard for electronic OTC trading

A group of leading sell-side banks has set up a working group that will focus on the creation of an open industry standard protocol for client and trader enablement on electronic trading platforms.

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SEC approves Nasdaq's Facebook IPO compensation plan

The Securities and Exchange Commission (SEC) has approved Nasdaq OMX's planned $62 million compensation package for firms affected by last year's botched Facebook IPO.

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CFTC computers crashing under weight of new swaps data

New swaps data reporting rules have left the Commodity Futures Trading Commission (CFTC) floundering in a sea of data, its computers crashing under the strain, claims one of the watchdog's own commissioners.

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Consolidated tape project falls at first hurdle

A commercial initiative to build an industry-led consolidated tape for European equities has been abandoned after the backers of the project failed to gain a consensus among disparate market participants.

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Beware of the dark, but HFT no bogey man says Aussie regulator

The potential for market abuse in dark pool trading is more profound than 'overstated' concerns about the dangers of high frequency trading, says Australia's Securities and Investment Commission (Asic).

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Bloomberg leads the way as market data spending sees modest growth

Global spending on market data and analysis rose a modest 2.34% in 2012, with Bloomberg narrowly beating out rival Thomson Reuters to gain the biggest slice of the pie, according to a report from Burton-Taylor International Consulting.

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JPMorgan data leak linked to seventh insider trading conviction

The Financial Services Authority has achieved the seventh conviction in an insider trading investigation centred around the leaking of price sensitive data from JPMorgan Cazenove.

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The political agenda of regulations

Jerry Avenell, co-head of sales at Bats Chi-X Europe discusses the turbulent regulatory environment in the trade execution space.

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SEC sets out new tech rules

The Securities and Exchange Commission has approved new rules governing IT policies and procedures at 'key market participants', in an effort to better insulate the markets from vulnerabilities posed by systems technology issues.