Latest Trade execution News: Finextra Research

Finextra signs off for Christmas and New Year break

The Finextra office will be closed after Wednesday 22 December, re-opening Tuesday 4 January.

22 December 2010

CME Group gets FSA approval for London clearinghouse

The Financial Services Authority has given Chicago-based derivatives exchange operator CME Group the green light to start clearing OTC trades in Europe early next year.

17 December 2010

News/Trade execution

Nasdaq OMX buys real-time risk specialist FTEN

Nasdaq OMX has agreed the acquisition of real-time risk management technology provider FTEN. Financial terms of the deal were not disclosed.

16 December 2010

News/Trade execution

Direct Edge taps Microsoft for trading platform

US exchange operator Direct Edge has deployed technology from Microsoft and Informatica as the basis for its trading platforms.

15 December 2010

News/Trade execution

CNBC launches market data tool

Business news TV channel CNBC has partnered Swiss vendor CarryQuote to develop mobile and desktop market data applications.

15 December 2010

News/Trade execution

Burgundy makes Verizon data centre complaint

Burgundy has reported Verizon to Sweden's competition authority, with the Nordic multilateral trading facility claiming it has been blocked from using the US firm's network infrastructure.

14 December 2010

News/Trade execution

Bats, Nasdaq OMX and Nyse Euronext in running for Chi-X Europe - FT

Bats, Nasdaq OMX and Nyse Euronext have all made offers for multilateral trading facility Chi-X Europe ahead of the deadline for a second round of bidding, according to press reports.

13 December 2010

News/Trade execution

Dutch regulators see positive side of HFT

Dutch market watchdog AFM says it sees no grounds for restricting the use of high frequency trading (HFT), but warns that market participants and regulators must improve their operational and risk management techniques to deal with the complexity of computer-driven trading strategies

10 December 2010

News/Trade execution

CME Group agrees Elysian Systems acquisition

CME Group has agreed to buy London-based electronic trading and market technology vendor Elysian Systems. Financial terms of the deal were not disclosed.

09 December 2010

News/Trade execution

EC publishes MiFID II consultation

The European Commission has published its widely trailed Markets in Financial Instruments Directive (MiFID) review, calling for greater oversight of high-frequency trading and a clamp down on speculators in commodities.

08 December 2010

News/Trade execution

MiFID II to tackle high-frequency trading

Traders will have to explain to regulators how their computer algorithms are designed and work as part of the European Commission's widespread overhaul of MiFID.

03 December 2010

Finextra TV/Trade execution

Regulations, Mifid and OTC

Tony Scianna of SunGard talks with Finextra about the future of OTC derivatives regulation on both sides of the Pond.

03 December 2010

News/Trade execution

'Per-user' real-time LSE data reporting now in use at UBS

UBS is reporting its netted exchange data usage direct to the London Stock Exchange as part of a new 'per-user' programme, which allows firms to directly report their global real-time terminal inventory to the LSE.

30 November 2010

News/Trade execution

MEP says all trades will be encouraged into lit markets

In what she describes as a "shot across the bow of the dark markets", Kay Swinburne, Conservative MEP for Wales says that the European Parliament is working on regulation that will actively encourage all trades to be executed in the lit markets.

25 November 2010

News/Trade execution

UK government to study economic impact of High Frequency Trading

The UK government is supporting a new study into the impact of high frequency trading on market stability and the UK economy.

24 November 2010

News/Trade execution

Frankfurt Stock Exchange to terminate floor trading

The Frankfurt Stock Exchange is to terminate lead-broker based floor trading and to introduce the Xetra specialist model from Deutsche Bourse for shares and bonds from May 2011.

24 November 2010

News/Trade execution

FIA calls on lawmakers to rethink clearing house ownership rules

The Futures Industry Association has urged the Commodity Futures Trading Commission and the Securities and Exchange Commission to withdraw or defer acting on rules to limit ownership of clearing houses and swap execution facilities.

23 November 2010

News/Trade execution

Quote MTF in talks with seven firms over equity handover

Quote MTF has confirmed that it is in discussion with a consortium of investment banks and trading firms over plans to give away a 40% stake in return for liquidity guarantees.

23 November 2010

News/Trade execution

LCH.Clearnet rejects ICE bid reports

LCH.Clearnet has refuted an unsourced report in UK broadsheet The Guardian that claimed it had rejected a $400 million bid from InterContinentalExchange.

22 November 2010

News/Trade execution

Nyse Technologies to develop EU consolidated tape

The technology arm of Nyse Euronext has announced plans to launch a consolidated tape providing complete coverage of post-trade equities data from all European regulated exchanges, MTFs, and OTC markets beginning Q3 2011.

22 November 2010