Trade execution

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/Trade execution

Clearstream and Strate plan South African collateral management co-operation

Clearstream has signed a letter of intent with Strate, the South African central securities depository that could see domestic collateral management services outsourced to the Deutsche Bourse unit.

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Israeli hackers target Arab stock exchange sites as cyberwar escalates

Israeli hackers have targeted the Web sites of stock exchanges in Saudi Arabia and Abu Dhabi in retaliation for an attack earlier this week on the Tel Aviv bourse.

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Regulators demand action on Legal Entity Identifiers

International regulatory authorities have called for the urgent creation of a universal Legal Entity Identifier (LEI) in their final report on the OTC derivatives data that should be collected, stored and disseminated by trade repositories (TRs).

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Tel Aviv exchange Web site knocked out as Middle East cyber-war escalates

The Tel Aviv Stock Exchange's (Tase's) Web site has been offline this morning, apparently down for "maintenance" hours after a Saudi hacker warned it would be the next target in an escalating cyber-war.

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SIX Swiss Exchange glitch delays trading

SIX Swiss Exchange has been forced to delay the start of trading by three hours because of a "technical problem".

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FSB establishes LEI and CCP working groups

The BIS-backed Financial Stability Board has set up a working group to deliver concrete recommendations on governance issues relating to the management of new Legal Entity Identifiers (LEI) in the global securities markets.

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EU anti-trust chiefs prepare to torpedo Deutsche Börse/Nyse merger

Anti-trust officials in the EU are prepared to block the proposed mega-merger between Deutsche Börse and the New York Stock Exchange over fears that the deal would stifle competition in the derivatives markets.

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Bats Chi-X Europe rolls out four-way clearing interoperability

Bats Chi-X Europe has become the first trading platform operator to offer its customers the choice of four different clearing providers.

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Finextra signs off for Christmas and New Year break

The Finextra office will be closed after Wednesday 21 December, re-opening Tuesday 3 January.

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Deutsche Börse and Nyse Euronext offer more concessions to regulators

Deutsche Börse and Nyse Euronext have offered the European Commission more concessions in a bid to allay antitrust concerns and secure approval for their $9 billion merger deal.

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SEB on the politics & technology of T2S

Göran Fors, Global Head of GTS Banks at SEB comments on the Target2Securities pessimism and preparing for the massive changes it will bring to the European post-trade space.

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LSE to buy Pearson's FTSE stake

The London Stock Exchange (LSE) has agreed a £450 million cash deal to buy the 50% stake in FTSE International it does not already own from publisher Pearson.

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Swiss clearer targets Asia as European interoperability deals boost volumes

SIX Securities Services is to push for clearing interoperability in Asia after doubling its market share of clearing London Stock Exchange trades following the introduction of similar measures in Europe.

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Cinnober releases hosted OTF package

Swedish technology supplier Cinnober has released a subscription-based hosted service for banks and brokerages looking to create an Organised Trading Facility in line with new European marketplace regulations.

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Bats Europe hit by trading breakdown

Bats Europe has suffered a trading breakdown just days after finalising a deal to acquire rival platform Chi-X Europe.

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Nyse Euronext to shutter SecFinex

US exchange operator Nyse Euronext is to shutter its SecFinex securities lending platform in the face of a dismal economic climate.

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TMX Group agrees Razor Risk acquisition as Maple deal faces regulatory concerns

Canadian exchange operator TMX Group has agreed a deal to buy Australia's Razor Risk Technologies for around C$10.18 million in cash.

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T2S enters make-or-break phase as ECB doles out incentives for participation

The European Central Bank is to offer 'early bird' incentives to central securities depositories that sign up to the Target 2 Securities (T2S) platform, as the controversial project to streamline the Euro area's securities settlements systems reaches a critical make-or-break stage in its development.

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CME fines HFT firm $850k for algo and computer malfunctions

CME Group has fined high-frequency trading firm Infinium Capital Management a total of $850,000 for three separate computer malfunctions.

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Tokyo and Osaka exchanges agree merger

The Tokyo and Osaka stock exchanges have agreed to merge in 2013 as they seek to strengthen their positions in a global market in the midst of a wave of consolidation.