Trade execution

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/Trade execution

LSE extends co-location to non-trading firms

The London Stock Exchange is to start letting third party vendors co-locate at its data centre as it bids to cash in on increasingly valuable high-frequency trading business.

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Bats launches second US equities exchange

In its latest assault on America's established operators, Kansas City-based Bats Global Markets has launched a second US equities exchange.

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Human error blamed for Euronext outage

Nyse Euronext has blamed human error for a 40 minute outage in its European cash markets yesterday, which appears to be "unrelated to any system of software components".

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LSE extends UnaVista to swaps market

The London Stock Exchange has extended its UnaVista service to the swaps market, automating the trading of CFDs and other equity derivatives and enabling users to communicate and match data through the platform.

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Standards bodies bid to bring STP to tangled financial plumbing

Financial messaging bodies have agreed a common 'investment roadmap' designed to guide market participants through the confusing maze of multiple overlapping industry standards within the securities industry.

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European Commissioner takes aim at HFT

European Commissioner for internal markets and services Michel Barnier has vowed to work with US counterparts to increase high-frequency trading regulation, says Reuters.

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FIA to present alternative trade reporting system to CFTC

The Futures Industry Association has fired the latest salvo in its campaign to head off onerous new record-keeping rules by pressing ahead with plans for an ownership and control reporting system that it claims will form a 'practical and cost-effective' alternative to that proposed by industry watchdogs.

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MTS introduces Single Dealer Pages functionality for BondVision

MTS, the electronic fixed income trading market majority owned by the LSE, has signed up six major banks to support its new Single Dealer Pages functionality for the BondVision platform, designed to enhance liquidity and best execution.

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CFTC ponders rules to combat high frequency disruptions

The Commodity Futures Trading Commission is eyeing new rules under the Dodd-Frank financial reform legislation to safeguard against high frequency trading disruptions to US financial markets.

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Bond trading to start on Xetra after injunction lifted

Deutsche Börse will restart trading in around 700 corporate bonds over its electronic trading system Xetra on Monday after an interim court injunction was lifted.

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Turquoise trading delayed by MillenniumIT migration

Trading on Turquoise was delayed by around an hour this morning by technical problems, the day after the LSE-owned platform was migrated to a new technology system.

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Internal crossing networks 'real villains' of flash crash - Sal Arnuk

Internalised trading engines at brokers and market makers have been portrayed as the 'real villains' of the May 6 flash crash by Sal Arnuk, co-founder of high frequency trading group Themis.

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CFTC calls for cap on stakes in clearing houses and exchanges

The US Commodity Futures Trading Commission (CFTC) is calling for caps on the ownership stakes members can hold in clearing houses, exchanges and trading systems.

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UK Treasury examines high-frequency trading threat to economy

The UK Treasury is sponsoring a probe into high-frequency trading amid fears that computer-generated problems could hit financial stability, affecting the whole economy, according to the Financial Times.

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New Spanish MTF taps Equiduct for tech platform

Equiduct Systems has won a contract to provide the technology infrastructure for Spain's first MTF, Plataforma Alternativa de Valores Españoles (Pave).

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ASX confirms merger talks

After its share price soared more than 10% in a week, the Australian Securities Exchange (ASX) has confirmed talks with other operators about "possible business combinations".

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Nasdaq OMX Nordic wards off HFT swings with new 'volatility guards'

Nasdaq OMX has introduced 'volatility guards' for its Nordic and Baltic markets, ensuring that trading will be paused in stocks that see a sharp price change.

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Securities tech cloud start-up punts $1 million on gaming showcase

Netik alumni John Wise and Colin Close have resurfaced at a new cloud-based securities technology start-up which is inviting seasoned market professionals and first-time investors alike to take part in a virtual stock trading game with a $1 million payout.

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Quote MTF offers to give away equity to attract business

Quote MTF is offering to give away up to 40% of its shareholding to trading firms as it bids to secure participation in a fiercely competitive, consolidating market.

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Nyse Euronext appoints consumer tech veteran as global head of systems development

Nyse Euronext has looked outside the financial services industry to appoint consumer tech veteran Tim Kinslow as global head of systems development for the company's information technology division.