Trade execution

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/Trade execution

Nasdaq expands data-on-demand cloud service

Nasdaq OMX is working with vendor Xignite to expand its Data-On-Demand cloud service for historical stock trade and quote data.

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European OTC market far smaller than claimed - study

Around 16% of European share trading is over-the-counter (OTC), far less than claimed by stock exchanges, according to a study from the Association for Financial Markets in Europe (Afme).

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Chi-X Global in stake sale talks; LSE/TMX mull Ontario panel report

Chi-X Global is in advanced talks with four trading firms and banks to take a minority stake in the alternative share trading platform operator reports the FT, citing "three people familiar with the matter".

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Nasdaq OMX and ICE step up Nyse Euronext pursuit

Having been rebuffed once, Nasdaq OMX and IntercontinentalExchange have come out fighting in their bid to hijack Deutsche Boerse's planned takeover of Nyse Euronext, insisting that their proposal is "superior by a significant and inescapable margin".

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CFTC Commissioner Chilton hits out at proposals to delay financial reform

CFTC Commissioner Bart Chilton has hit back at Republican plans to delay for 18 months all rulemakings involving derivatives under the Dodd-Frank financial regulation law.

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Chi-X revolving door spits out CFO O'Keefe

The revolving door is spinning again at Chi-X Europe as chief financial officer Kevin O'Keefe confirms his intention to depart the European MTF in the wake of its recent take-over by Bats Global Markets.

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OTC derivatives market reform stalling - FSB

Central bankers have expressed fears that reform of the over-the-counter derivatives markets is being hampered by delays and inconsistencies in approaches across national jurisdictions.

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The LSE enhances its data centre with Colt proximity service.

Nigel Harold, head of technology business development at the London Stock Exchange talks with Finextra about enhancements to their data centre, which includes proximity hosting supplied by Colt at this year's TradeTech conference in London.

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CFTC to explore reference data repository for derivatives

The Commodity Futures Trading Commission is contemplating the creation of a new 'Division of Market Data Collection and Analysis' to keep pace with computer-based trading and reduce its reliance on the exchanges it regulates for data dissemination.

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US regulators win bigger budgets

US financial regulators the Commodity Futures Trading Commission and the Securities and Exchange Commission have been awarded big budget increases by the Senate Appropriations Committee.

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Turquoise comments on the 'political climate' facing HFTs

Natan Tiefenbrun, commercial director, Turquoise, London Stock Exchange, talks with Finextra about algo 'sign offs' and HFT regulations at the High Frequency Trading Focus Day at TradeTech 2011.

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FSA not interested in trawling through algo code

The UK's Financial Services Authority has no intention of "looking through lines of code" before signing off algorithms used by high-frequency traders, describing the prospect, floated by the European Commission, as a "bad idea".

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Haynes to leave Chi-X Europe following Bats takeover

Chi-X Europe chief executive Alasdair Haynes is quitting in the wake of the multilateral trading facility's acquisition by Bats Global Markets.

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Machine-readable OTC derivatives contracts move a step closer

Regulatory efforts to introduce more automation in manually-driven over-the-counter derivatives trading have been advanced by the publication of new research into the feasibility of rendering OTC documentation in machine-readable format.

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Nyse Euronext board rejects Nasdaq OMX-ICE offer

Nyse Euronext's board has rejected a takeover bid from Nasdaq OMX and IntercontinentalExchange, branding the offer risky and "strategically unattractive" and reaffirming its commitment to completing a deal with Deutsche Boerse.

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The CME Group's social media evolution

Allan Schoenberg of the CME Group talks with Finextra about the social media 'lightbulb moment'.

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European exchanges hit out at broker networks

Europe's exchanges have hit out at plans to create a new type of trading venue category as part of MiFID's overhaul, warning the proposal will cause an "irreversible race to the bottom" for regulation.

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Farnham takes over as Turquoise CEO

LSE majority-owned Turquoise has shuffled its management team, with chief executive David Lester becoming chairman, replaced by chief operating officer Adrian Farnham.

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Australia confirms ASX-SGX deal rejection

Australian Treasurer Wayne Swan has formally rejected the Singapore Exchange's A$8.4 billion takeover of ASX, calling his decision a "no brainer".

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Exchanges and vendors unite over consolidated tape

European stock exchanges together with Thomson Reuters, Bloomberg, the LSE and Nyse Euronext have agreed a framework for developing a consolidated tape of post-trade equity reporting data across Europe.