Trade execution

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Commission proposes EU-wide settlement overhaul

The European Commission is promising to shake up cross-border securities settlement in the EU by cutting settlement timeframes and establishing a common regulatory framework for the region's 30+ central securities depositories.

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Exchange competition and HFT get hostile reception in UK market review

A government-sponsored independent review into the performance of UK equity markets has encountered deep scepticism among asset managers of the wisdom of opening national stock markets to competition and scathing criticism of the role played by high frequency traders in distorting market values.

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SIX Group to cut 150 jobs

Blaming a "difficult market environment", Swiss financial services company SIX Group says it will axe 150 jobs as part of a SFr30 million cost-cutting programme.

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European authorities get two months to affirm HFT governance plans

The European Securities and Markets Authority (Esma) has given national securities watchdogs two months to declare their plans for enforcing new rules on scrutinising high frequency trading activities.

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Google users to get free real-time LSE data

The London Stock Exchange has inked a deal with Google, giving the search engine giant's users access to real-time 'last trade price' data.

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HFT no threat to financial stability - Swedish watchdog

High frequency trading does not pose a significant threat to financial stability in Sweden but does raise the spectre of market abuse, according to the country's regulator.

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Tokyo Stock Exchange chief takes pay hit over trading glitch

Tokyo Stock Exchange president Atsushi Saito and several of his top executives have had their pay docked over a systems failure earlier this month that saw trading suspended for several hours.

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Nyse Euronext and CME Group make LME bids - Bloomberg

Nyse Euronext and CME Group have both submitted bids for the London Metals Exchange (LME), according to Bloomberg.

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Exchanges on red alert as Thai bourse falls victim to DDoS attack

The Thai Bourse has become the latest victim in a wave of cyber-attacks directed against stock exchange's worldwide.

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Nyse Euronext to buy Fixnetix stake

Nyse Euronext has agreed to acquire a 25% stake in UK trading technology outfit Fixnetix. Financial terms of the deal were not disclosed.

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Spanish MTF Pave's launch put on ice

Spanish MTF Plataforma Alternativa de Valores Españoles (Pave) has "temporarily postponed" its launch, blaming the "harsh" financial environment.

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Nasdaq OMX, Bats and Cboe sites hit by DoS attacks

Web sites belonging to Nasdaq OMX, Bats Trading and the Chicago Board Options exchange have all been hit by denial-of-service (D0S) attacks over the last 24 hours. Trading systems were not affected.

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Bursa Malaysia site hit by DDoS attack

Bursa Malaysia saw its Web site knocked out today thanks to a distributed denial of service (DDoS) attack.

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Deutsche Börse pools data and IT activities into new business unit

Deutsche Börse has set out plans to create a new business unit that will be responsible for all data and information technology activities. The division will be led by a new person, with current IT chief Michael Kuhn leaving the company.

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CFTC creates HFT subcommittee

The Commodity Futures Trading Commission (CFTC) has voted to set up a subcommittee on high frequency trading in a bid to better understand its effects on the market.

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Eurex to overhaul trading architecture

Swiss-German derivatives exchange Eurex is to move to an entirely new trading platform in a phased migration beginning in December 2012.

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Plus Markets puts itself up for sale

Struggling UK exchange operator Plus Markets has put itself in the shop window, commencing a formal sales process to identify potential investors.

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TSE trading hit by glitch

The Tokyo Stock Exchange has blamed a faulty data distribution server for the suspension of trading in the shares of 241 companies this morning at the peak of the Q3 earnings reporting season.

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Brussels blocks Deutsche Börse/Nyse Euronext merger

As expected, European Union anti-trust officials have blocked the proposed mega-merger between Deutsche Börse and Nyse Euronext over fears that the deal would stifle competition in the derivatives markets.

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European exchanges and vendors develop post-trade standards

A consortium of exchanges and technology suppliers have developed a set of common standards designed to restore post-trade transparency in the European equity markets.