Trade execution

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/Trade execution

SEC outlines plans to tackle market volatility

The Securities and Exchange Commission (SEC) has unveiled plans to ditch circuit breakers in favour of a 'limit up-limit down' mechanism for reducing market volatility.

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Australia to block ASX-SGX deal

Australia's government is set to block the A$8.4 billion takeover of ASX by the Singapore Exchange, arguing the move is not the national interest.

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Nasdaq OMX and ICE team on Nyse Euronext bid

Nasdaq OMX and IntercontinentalExchange have joined forces to launch an $11.3 billion bid for Nyse Euronext as they seek to hijack an agreed deal with Deutsche Boerse.

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Government spooks called in to investigate Nasdaq OMX hack

America's National Security Agency (NSA) has been called in to help investigate last October's cyber-attack on Nasdaq OMX, according to Bloomberg.

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Central clearing for OTC derivatives 'unlikely to reduce systemic risk' - IMF paper

Regulatory moves to force OTC derivative trades to go through central counterparties could just shift systemic risks to these CCPs and lead to more tax payer bailouts, according to a working paper published by the IMF.

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TSE to explore overseas alliances as it plans three-year Y25.9 billion tech spend

The Tokyo Stock Exchange plans to spend Y25.9 billion on its overall systems infrastructure over the next three years, as it bids to build its user base and attract liquidity in the face of increasing domestic and overseas competition.

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Schapiro calls for stronger automated trading systems oversight

Securities and Exchange Commission chairman Mary Schapiro is calling for tougher regulation on automated trading systems in a bid to combat the risks of algorithmic-generated volume surges and hacking.

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LSE plans international trading network

The London Stock Exchange is plotting the creation of an 'international board', that would allow cross-border trading in blue chip stocks listed on six different national exchanges.

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Liquidnet urges exchange partnerships, not mergers

Seth Merrin, founder of institutional block trading venue Liquidnet, has told exchange bosses that they should look beyond mergers and acquisitions and return to their roots as trading venues that best serve individuals, listed companies and the broader market

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Nyse Euronext bids to buy US options market share with Amex stake sale

Nyse Euronext has finally submitted plans to the Securities and Exchange Commission to sell half of its interest in the Amex stock options market to a group of global dealers.

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LSE admits unfair dismissal of ex-Turquoise chief Lederman

The London Stock Exchange has admitted that it unfairly dismissed former Turquoise chief executive Eli Lederman but is contesting other claims at his employment tribunal.

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Former Turquoise boss Lederman sues LSE - Reuters

The London Stock Exchange is being sued for unfair dismissal by Eli Lederman, the former chief executive of its Turquoise platform, according to Reuters.

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CME to start European clearing in May

The Chicago Mercantile Exchange is set to start clearing over-the-counter derivatives in Europe in May.

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Nasdaq OMX moves in on Nyse Euronext bid

Nasdaq OMX is talking to bankers about financing a possible move to hijack Deutsche Bourse's bid for Nyse Euronext, according to media reports.

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Tokyo and Osaka exchanges ponder merger; TMX responds to bank critics of LSE tie-up

Exchange merger-mania has hit Japan, with the Tokyo and Osaka bourses set to hold talks this month about a possible tie-up.

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Who's afraid of high frequency trading?

Andrew Morgan, European head of Autobahn Equity, at Deutsche Bank talks about how the bank is offering education and tools to help their buy-side clients navigate a market that includes HFT.

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Has risk management changed since the Flash Crash?

Rajesh Nagella, MD, EMEA Head of Algorithmic Products at Citi, talks with Finextra about how post-Flash Crash changes in risk management influenced the bank's reaction to last week's London Stock Exchange outage.

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The labyrinth of liquidity venues

Jack Vensel, MD, head of electronic trading, EMEA, Citi, talks with Finextra about the recent spate of exchange mergers and MTF consolidation.

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Mifid II, the consolidated tape and London's future

Gary Wright of B.I.S.S Research talks with Finextra about various issues affecting London and European market structure.

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Quote MTF readies itself for launch

With eight liquidity partners, Quote MTF plans on targeting passive liquidity in the market.