Trade execution

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/Trade execution

Securities watchdogs to step up HFT surveillance

Global securities regulators have called for stronger oversight of high frequency and algorithmic trading activity to 'mitigate the risks' posed by high-speed trading on market integrity and efficiency.

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Goldman Sachs and Morgan Stanley buy Chi-X Global stakes

A group of five financial institutions, including Goldman Sachs and BofA Merrill Lynch, have acquired minority stakes in Chi-X Global, which operates trading platforms in Canada and Japan.

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Quote MTF severs ties with Swift Trade

Pan-European equity trading venue Quote MTF has severed all ties with Peter Beck, controversial CEO of the former day trading firm Swift Trade, which has run foul of global regulators for alleged market abuse.

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SEC sanctions Direct Edge for weak controls

US electronic exchange operator Direct Edge has been sanctioned by the SEC for "weak internal controls" that led to trading losses of millions of dollars and a systems outage.

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European exchanges voice concern over HFT consultation's scope

Europe's exchanges have voiced their concerns that broker crossing networks are not being subjected to the same level of scrutiny as traditional bourses in the current debate on regulating automated trading.

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Anonymous says Nyse take-down threat was 'media scare tactic'

A threat purportedly made by Anonymous to 'erase' the New York Stock Exchange from the Internet yesterday in support of the Occupy Wall Street protests failed to materialise, with the hacker collective claiming it had been running a media scare tactic.

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Fire hits Nyse New Jersey data centre

Nyse Euronext says trading systems were unaffected by an electrical fire at its New Jersey data centre on Sunday.

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Anonymous threatens to 'erase' Nyse from the Internet

Hacker collective Anonymous has threatened to 'erase' the New York Stock Exchange from the Internet in support of the Occupy Wall Street protests in Manhattan.

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Exchange spending cutbacks hit Patsystems

UK screen-dealing software house Patsystems has issued a profits warning as sales to emerging exchanges are hit by economic and financial turmoil.

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LSE and SGX team on LME bid - Reuters

The London Stock Exchange and Singapore Exchange have teamed up on a joint bid for the London Metals Exchange, according to Reuters.

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Global custodian bank survey

Tony Freeman, head of Industry Relations at Omgeo Europe, discusses the findings of Omgeo's latest survey on post-trade issues at Sibos 2011.

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The shadow of OTC derivatives reform

Chris Ekonomidis, director at Sapient, talks about how reform will affect trade finance and workflows at Sibos 2011.

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OTC clearing rules to spur big tech spending - Tabb

The global regulatory push to centrally clear over-the-counter derivatives has started a "technological revolution" that provides a big opportunity for vendors, according to a report from Tabb Group.

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LSE wins race for LCH.Clearnet - Reuters

The London Stock Exchange appears set to beat off competition from Markit to take over LCH.Clearnet after securing backing from the clearer's board for a deal.

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LME ponders takeover approaches

The London Metal Exchange (LME) says it has received "several expressions of interest" that could lead to a takeover. CME Group, IntercontinentalExchange and SGX are all said to be in the running.

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HKEx poaches Chi-X Global CTO

Hong Kong Exchanges and Clearing (HKEx) has hired Chi-X Global CTO Richard Leung to help revamp its trading technology.

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ECB calls on recalcitrant CSDs to take efficient approach to T2S integration

The ECB has called on central securities depositories (CSDs) to 'efficiently reshape' their IT infrastructure in order to integrate to the T2S platform, its proposed pan-European settlement service which has encountered further delays amid foot-dragging by CSDs and protracted arguments over costs and pricing.

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T2S delayed again

The European Central Bank has once again been forced to push back the deadline for implementation of Target2 Securities, the Eurosystem's ambitious but controversial project to harmonise Europe's securities settlement structure.

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Turquoise to offer clearing choice for pan-European equities

London Stock Exchange-owned Turquoise has become the latest European trading platform to offer its customers the choice of four different clearing providers.

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UK to sue European Central bank over clearing rules

The British government is to sue the European Central Bank over draft regulations that would force major clearing houses to relocate their operations away from the City of London.