Trade execution

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/Trade execution

Regulators release new market infrastructure standards

International banking and securities regulators have set out new and more demanding standards for operators of payments, clearing and settlement systems as part of an international effort to boost the resiliency of the financial markets.

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CA Cheuvreux launches equities MTF; locks out HFT troublemakers

Crédit Agricole Cheuvreux has launched its own pan-European dark pool that will not be open to proprietary and high-frequency traders.

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TSE to provide tech expertise for new Myanmar exchange

Tokyo Stock Exchange and Daiwa Securities Group say they are lending their experience and technological expertise to Myanmar's plans to build a stock exchange.

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S&P Capital IQ buys Quanthouse

McGraw-Hill unit S&P Capital IQ has acquired market data and trading technology vendor Quanthouse. Financial terms of the deal were not disclosed.

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EU Parliament votes through OTC rules

European lawmakers have approved tough new rules governing trading in the over-the-counter derivatives market.

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Share your trading on Facebook

Jeff Saul, CEO of Euroinvestor, talks about the launch of Cockpit, which allows retail investors to share their trading screen activity on social media sites such as Facebook, Twitter and Linkedin.

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HKEx embarks on US$380m tech overhaul

Hong Kong Exchanges and Clearing (HKEx) is betting US$380 million on a three year technology programme designed to boost the island's standing on the world's financial stage.

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Nyse to invest $85 million in new European derivatives clearing house

Nyse Euronext is to spend $85 million on developing a new clearing house for its derivatives business in Europe, terminating an existing relationship with LCH.Clearnet.

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SGX creates chief operations and tech officer role

Singapore Exchange (SGX) is aligning its operations and technology units under one leader as part of a wider organisational reshuffle.

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Bats chief Ratterman stripped of chairmanship

Bats president and chief executive Joe Ratterman has been stripped of the chairmanship in the wake of last week's bungled IPO.

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LSE offloads Tokyo Aim stake to TSE

The Tokyo and London stock exchanges are bailing out on their joint venture market for growing companies in Japan, with the TSE agreeing to buy out its former partner.

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European parliamentarian demands tougher crackdown on HFT

A European Parliament report is calling for the Commission to toughen up its crackdown on high-frequency trading under MiFID II.

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Nasdaq OMX suspends plans for competitive clearing

Nasdaq OMX has postponed plans to introduce interoperable clearing in the Nordic cash equity markets in April, citing regulatory uncertainties.

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Bats abandoned IPO because of "erosion of investor confidence"; bonuses, HFT called into question

In an open letter to customers, Bats CEO Joe Ratterman cites an "erosion of investor confidence" as the reason for the exchange pulling its plans to go public following a humiliating technical breakdown on the opening day of trading.

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Bats pulls IPO following technical meltdown

Bats Global Markets has been forced to rescind its own IPO after a rush of orders overwhelmed price discovery mechanisms, sending its stock to near-zero and tirggering a circuit breaker on trading of Apple shares.

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Getco fined $450k over lax HFT supervision

The broker-dealer unit of Getco has been fined $450,000 for failing to properly supervise its high-frequency trading.

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Deutsche Börse to sue European Commission over merger block

Deutsche Börse is to sue the European Commission over its decision to block a proposed $9 billion merger with Nyse Euronext.

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London Stock Exchange agrees deal to take control of LCH.Clearnet

The London Stock Exchange is to acquire a majority 60% stake in LCH.Clearnet in a deal valuing the clearing house at EUR813 million.

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Shanghai Stock Exchange takes on HFT speculators

The Shanghai Stock Exchange (SSE) has become the latest bourse to signal a crackdown on the huge number of messages high-frequency traders generate.

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Direct Edge and Nasdaq bid to curb HFT messaging with fines

US exchange operators Nasdaq OMX and Direct Edge have outlined incentive plans designed to encourage high-frequency traders to cut back on the huge number of messages they generate.