Latest Trade execution News: Finextra Research

Man jailed for Hong Kong exchange cyber-attack stunt

A Hong Kong man who carried out a cyber-attack on the island's stock exchange in a publicity stunt designed to promote his company's anti-DDoS services has been jailed.

12 November 2012

News/Trade execution

CFTC charges former Goldman trader over $118m loss

A former Goldman Sachs trader has been charged by US regulators with bypassing internal systems to conceal an $8.3 billion position from the bank and defraud it of $118 million.

09 November 2012

News/Trade execution

Bats Chi-X Europe seeks UK exchange license

Pan-European trading platform Bats Chi-X Europe is in talks with the UK's Financial Services Authority about becoming a registered exchange, according to press reports.

08 November 2012

Finextra TV/Trade execution

Target 2 Securities is a reality

Bruno Prigent, head, Société Générale Securities Services talks about the main issues affecting securities services and asset management.

07 November 2012

News/Trade execution

MarketAxess to acquire Xtrakter

Fixed income exchange MarketAxess has agreed to acquire European post-trade services group Xtrakter from Euroclear for £26 million in cash.

02 November 2012

News/Trade execution

Sandy-hit Wall Street faces questions over contingency plans

As trading resumed in New York after a two-day Hurricane Sandy-inflicted pause, the effectiveness of Wall Street's back-up plans to deal with disasters was being called into question.

01 November 2012

Finextra TV/Trade execution

Why is trade matching important for banks?

Thibaud de Maintenant, managing director, global head, Direct Securities Services, GTB at Deutsche Bank looks at global trade matching.

01 November 2012

News/Trade execution

Half of market participants not preparing for T+2 - Omgeo

Market participants are not prepared for shorter settlement cycles, despite being strongly in favour of a move to T+2, according to a study from Omgeo.

31 October 2012

News/Trade execution

Sandy wreaks havoc on Manhattan

US stock markets are to remain closed on Tuesday for the second day in succession, in the aftermath of a huge storm surge that flooded downtown Manhattan and plunged millions of New Yorkers into darkness.

30 October 2012

News/Trade execution

US stock markets shuttered as Hurricane Sandy approaches

American stock exchanges are shutting down today, and provisionally tomorrow, as a precaution ahead of hurricane Sandy's arrival on the east coast.

29 October 2012

News/Trade execution

Swift wins T2S connectivity deal with CSD consortium

Link Up Markets, a consortium of 11 European central securities depositories (CSDs), has selected financial messaging network Swift to provide connectivity to Target2-Securities, the new pan-European settlement infrastucture under construction by the European Central Bank.

24 October 2012

News/Trade execution

London Metal Exchange signs for new surveillance software

The London Metal Exchange has signed a deal with the London Stock Exchange's tech subsidiary Millennium IT to install new surveillance software for real-time detection of abnormal trading patterns.

22 October 2012

News/Trade execution

Quote MTF plans Spanish trading venue

European equity trading venue Quote MTF and London-based investment bank Capital Partners have outlined plans to enter the Spanish market.

18 October 2012

News/Trade execution

Flash crash reforms will fail to make markets safer - study

The new circuit breaker system designed to avoid a repeat of 2010's flash crash will fail to avert another market meltdown unless it is coupled with 'liquidity safety valves', warns a new piece of academic research.

18 October 2012

News/Trade execution

Oslo Bors acquires Swedish neighbour Burgundy

Oslo Børs is to take over the operations of rival Swedish exchange Burgundy as it bids to raise its market share in the Nordics and challenge Nasdaq OMX for regional dominance.

16 October 2012

News/Trade execution

Nyse Euronext preps European retail platform

Exchange operator Nyse Euronext is preparing to launch a platform specifically designed for European retail investors.

15 October 2012

News/Trade execution

Human error blamed for Indian 'flash crash'

India's National Stock Exchange (NSE) was forced to briefly halt trading this morning after 59 erroneous orders sent the Nifty index tumbling nearly 16% in a matter of minutes.

05 October 2012

News/Trade execution

Shortening US trade settlement cycle a big money saver - BCG

Shortening the time period between trade execution and settling payment for US cash securities transactions could reduce the industry's costs and risk exposure by several hundred million dollars a year, according to a report from the Boston Consulting Group (BCG).

05 October 2012