Latest Trade execution News: Finextra Research

Misra quits Algo Technologies

Hirander Misra, has quit with immediate effect as chief executive officer of Algo Technologies, the fintech vendor he helped set up only a year ago.

19 July 2011

News/Trade execution

T2S connectivity licences come up for grabs

Europe's central banks have begun the process of picking network service providers for the Target2Securities (T2S) system, with telecoms firms expected to challenge inter-bank co-operative Swift for the two licenses up for grabs.

15 July 2011

News/Trade execution

Swedish watchdog raids Nasdaq OMX in data centre competition probe

Swedish competition authorities have raided the offices of Nasdaq OMX as part of a probe into whether the firm is working with data centre operator Verizon to stymie rivals, according to the Financial Times.

14 July 2011

News/Trade execution

Dodd-Frank will push 60% of OTC volumes to central clearing

The Dodd-Frank Act will lead to around 60% of current US over-the-counter (OTC) derivatives market by volume being cleared centrally, according to Citi.

13 July 2011

News/Trade execution

ASX prepares for Chi-X arrival with multi-market smart routing trading app

With the imminent arrival of Chi-X on the Australian scene, ASX has tapped UK vendor Fidessa to help it prepare, developing a co-located smart order routing trading application for the new multi-market environment.

13 July 2011

News/Trade execution

XBRL US taps Facebook for $20k app competition

Industry group XBRL US has launched a Facebook competition, offering $20,000 to the person or group that comes up with the best open source analytical application for investors that uses the format.

12 July 2011

News/Trade execution

Swift and DTCC score big data management mandates

Financial messaging network Swift and the Depository Trust and Clearing Corporation (DTCC) have won two separate industry data management mandates, for the development of a Legal Entity Identifier (LEI) utility and electronic foreign exchange repository.

12 July 2011

News/Trade execution

Fixnetix ponders sale options - FT

UK trading technology outfit Fixnetix is mulling a partial or full sale to help expand its reach around the world, according to the Financial Times.

11 July 2011

News/Trade execution

Thomson Reuters moves to meet bank uncertainty over OTC rule shake-up

Thomson Reuters has set a mid-2012 deadline to get its trading platforms ready for forthcoming OTC derivatives regulations, as it releases research which shows clear bank unease at the uncertain impact of the new rules on front and back office operations.

11 July 2011

News/Trade execution

Top Bank official calls for speed limits on high frequency trading

Securities markets should consider the introduction of speed limits on high frequency trading to prevent the risk of market abnormalities disrupting prices, a top Bank of England official says.

08 July 2011

News/Trade execution

FBI arrests CME software engineer on code theft charges

The FBI has arrested a senior software engineer with the Chicago Mercantile Exchange on charges that he stole and handed over proprietary software code to a Chinese futures exchange start-up.

07 July 2011

News/Trade execution

Securities regulators open scrutiny of technology impact on financial markets

Securities regulators are to explore the feasibility of an overhaul of financial market reporting, audit and surveillance mechanisms in an effort to keep pace with the increasing volumes of data generated by technology-powered trading

07 July 2011

Finextra TV/Trade execution

New investment opportunities in Egypt and North Africa

Giles Bedford of Beltone Financial UK talks with Finextra about new investment opportunities in Egypt and North Africa.

07 July 2011

Finextra TV/Trade execution

Qatar Exchange on its place in the new North African region

Olivier Gveris, COO at the Qatar Exchange talks with Finextra about how the exchange took advantage of new opportunities resulting from political revolution in the North African region.

07 July 2011

News/Trade execution

Deutsche Börse moves into FX derivatives with Digital Vega stake

Deutsche Börse has acquired a minority stake in Digital Vega, a small London based company which provides electronic FX options trading technology to buy and sell-side firms.

06 July 2011

News/Trade execution

OTC dealers win reprieve as EU Parliament delays reforms; banks lobby for US/EU convergence

The European Parliament has postponed implementation of new rules designed to improve transparency in over-the-counter trading, mirroring a similar slowdown in US financial market reforms under the Dodd-Frank Act.

06 July 2011

Finextra TV/Trade execution

SunGard offers a peek into their electronic trading survey

Tim Dodd presents a taster of the electronic trading survey being discussed on at SunGard's London City Day on Wednesday 6 July

05 July 2011

Finextra TV/Trade execution

Trading technology impact

SunGard's David Morgan discusses the impact technology is having on trading and the implications for brokers large and small.

05 July 2011

News/Trade execution

LSE calls off TMX deal; could become target itself

The London Stock Exchange has called off its planned merger with Canada's TMX Group, conceding defeat in its efforts to get enough shareholders to back the deal. Rival suitor Maple says it will continue to push for a deal with TMX while speculation is mounting that the LSE could itself become a target of Nasdaq OMX.

30 June 2011

News/Trade execution

Currency players combine to manage 'flash crash' risks

The world's leading foreign exchange dealers and trading platforms are collaborating on an industry-wide initiative to reduce the risk of an algorithmic-led 'flash crash' hitting the global currency markets.

27 June 2011