Latest Trade execution News: Finextra Research

Fat finger error spooks London markets

Circuit breakers on the London Stock Exchange kicked into action yesterday, halting trading in five stocks after a suspected 'fat finger' error led to a sudden dip in prices.

25 August 2010

News/Trade execution

Spain set to get first MTF

A group of Spanish "financial executives" say they will launch the country's first multilateral trading facility (MTF) early next year.

25 August 2010

News/Trade execution

Plus signs with Algo Technologies for systems overhaul

Plus Markets has signed for market data and connectivity systems from Algo Technologies, with a deal for the vendor's matching engine also in the pipeline, as part of a wide-ranging restructuring and cost-reduction exercise.

25 August 2010

News/Trade execution

Chi-X Europe receives bid approach; Bats Trading in the frame

Chi-X Europe says it has received an "enquiry" from an unnamed party that may lead to an offer for the multilateral trading facility (MTF).

24 August 2010

News/Trade execution

Asia target for Deutsche dark pool trading

Deutsche Bank is to offer dark pool trading in Hong Kong via an internal crossing network and liquidity-searching algorithm that will file client orders across multiple off-exchange trading venues in Asia.

23 August 2010

News/Trade execution

CME migrates to new data centre

CME Group has moved its Globex electronic platform into a new data centre that the exchange operator says will allow it to grow trading volumes for at least a decade, according to Dow Jones.

20 August 2010

News/Trade execution

Inter-dealer brokers warn of 'monopolistic' risks in new swap clearing rules

US inter-dealer brokers have called on regulators to ensure fair access to newly-created Swap Execution Facilities as the Securities and Exchange Commission and Commodity Futures Trading Commission meet to discuss governance and conflicts of interest in the clearing and listing of swaps.

20 August 2010

News/Trade execution

Norwegian day traders accused of breaking Timber Hill algo and manipulating prices

Norwegian police have arrested two men accused of cracking the algorithms of US broker Timber Hill and manipulating share prices, according to local press reports.

18 August 2010

News/Trade execution

Bats gets SEC green light for second US exchange

Bats Global Markets says it will launch its second US equities exchange in the next couple of months after receiving regulatory approval from the SEC.

16 August 2010

News/Trade execution

Computer systems fingered in flash crash probe

An over-reliance on computer systems and high-frequency trading were the biggest contributors to the 6 May flash crash that saw a dizzying plunge in the Dow Jones Industrial Average, according to a poll of retail financial advisors.

12 August 2010

News/Trade execution

Osaka Securities Exchange disciplines Deutsche Bank over algo trading error

Deutsche Bank has been hit with an "admonition" by the Osaka Securities Exchange over a problem with a trading algorithm in June that saw sell orders worth Y16.7 trillion made by mistake.

11 August 2010

News/Trade execution

Tech business helps boost Nyse Euronext Q2 results

Nyse Euronext has posted a second quarter net profit of $184 million compared to a loss of $182 million for the same period the previous year, boosted by derivatives trading revenues and strong figures from its information services and technology business.

03 August 2010

News/Trade execution

CESR signals MiFID overhaul

The introduction of a European consolidated tape for EU market data is a "necessity" says the Committee of European Securities Regulators (CESR) in a report to the European Commission which calls for wide-ranging reforms to the structure of trading under a revised MiFID rulebook.

29 July 2010

News/Trade execution

Nasdaq OMX agrees Smarts acquisition

Nasdaq OMX has agreed a deal to buy Smarts Group, a privately-held Australian provider of market surveillance systems to exchanges, regulators and brokers. Financial terms were not disclosed.

27 July 2010

News/Trade execution

Hacktivists hit European Climate Exchange site

A group of green 'hacktivists' have taken out the European Climate Exchange's Web site in a protest against carbon trading.

26 July 2010

News/Trade execution

Nyse Euronext plans European corporate bonds MTF

Nyse Euronext is set to launch a pan-European Multilateral Trading Facility (MTF) for corporate bonds.

26 July 2010

News/Trade execution

BME/Clearstream OTC repository enters pilot phase with BBVA and Banco Sabadell

Spanish bourse Bolsas y Mercados Españoles (BME) and Clearstream have begun testing their planned European OTC trade repository with the support of local banks BBVA and Banco Sabadell.

22 July 2010

News/Trade execution

Direct Edge opens new front in battle for US market share

Direct Edge has opened a new front in the battle for US exchange market share by converting its two alternative trading systems into formal exchanges and completing the migration to a new technology platform.

21 July 2010

News/Trade execution

CESR considers mandatory electronic trade confirmation for OTC derivatives

The Committee of European Securities Regulators is considering mandating the use of electonric trade confirmation in the over-the-counter derivatives market as part of a regulatory overhaul designed to promote further standardisation and shift more dealing to organised trading venues.

20 July 2010

News/Trade execution

LSE CTO Paine quits

Robin Paine has resigned as chief technology officer (CTO) at the London Stock Exchange (LSE) and will leave next month.

19 July 2010