Latest Trade execution News: Finextra Research

Barclays Capital to launch dark pool for European equities

Barclays Capital plans to launch a pan-European dark pool for equities trading in the third quarter, building on the US platform it inherited from its acquisition of Lehman Brothers in 2008.

14 June 2010

News/Trade execution

SunGard trades up for the World Cup; SocGen develops Football 2010 basket index

As the World Cup kicks off in South Africa, Sungard is inviting financial industry professionals to participate in a live auction, buying and selling teams as the competition progresses.

11 June 2010

News/Trade execution

BNY Mellon launches dark pool for debt

BNY Mellon has launched an auction marketplace where fixed income securities buyers and sellers can transact anonymously in real time.

11 June 2010

News/Trade execution

CFTC proposes co-location rule

The US Commodity Futures Trading Commission (CFTC) is calling for a new rule governing co-location in a bid to level the playing field for traders.

11 June 2010

News/Trade execution

Knight takes Equiduct stake

US broker Knight Capital is set to make a strategic investment in Equiduct, the pan-European equities trading platform majority-owned by Citadel. Terms of the deal, which remains subject to Equiduct shareholder approval, were not disclosed.

08 June 2010

News/Trade execution

Misys and SmartStream forge post-trade STP tie-up

Fintech vendors Misys and SmartStream Technologies have formed a partnership designed to tackle risk control problems and inefficiency across the trade transaction lifecycle.

07 June 2010

News/Trade execution

ASX cuts fees and overhauls tech ahead of Chi-X challenge

The Australian Securities Exchange (ASX) has outlined plans to slash its trading fees and introduce a system aimed at high frequency traders as it prepares to face up to new competitor Chi-X.

04 June 2010

News/Trade execution

SGX invest $250m in 'world's fastest' trading engine

The Singapore Exchange (SGX) has outlined plans to spend $250 million and tap technology from Nasdaq OMX to build what it claims will be the world's fastest trading engine.

03 June 2010

News/Trade execution

EU Parliament bids to stifle derivatives trading

The influential EU Economic and Monetary Affairs Committee has called for an outright ban on speculative trading in certain derivatives contracts and the imposition of higher capital requirements for firms handling contracts that are not cleared centrally.

03 June 2010

News/Trade execution

Starbucks opens coffee booth on Nyse trading floor

Starbucks has opened a coffee booth on the floor of the New York Stock Exchange (Nyse) to serve caffeine-deprived traders during lulls in trading.

03 June 2010

News/Trade execution

Tora to expand Crosspoint dark pool across Asia

Tora is expanding its Crosspoint dark pool across Asia following its launch in Japan earlier this year.

02 June 2010

News/Trade execution

BME delays launch of EU-wide OTC repository; welcomes Clearstream as partner

Spain's Bolsa Y Mercados Españoles (BME) has set back the launch of a planned OTC trade repository by six months until the end of the year. The project's cross-border aspirations have received a boost, however, with Clearstream banking announcing its support for the venture.

01 June 2010

News/Trade execution

Dealerweb to take on Icap and BGC in electronic T-bill trading

Bank-backed inter-dealer broker Dealerweb plans to take on Icap and BGC partners with the launch of electronic trading of US Treasury bills, according to a report in BusinessWeek.

28 May 2010

News/Trade execution

SEC votes in favour of $4 billion audit trail; Finra widens net to back office

The Securities and Exchange Commission has voted to approve a proposal requiring national securities exchange to establish a consolidated audit trail of all stocks traded in US markets from order through to execution.

27 May 2010

News/Trade execution

CME taps Citadel exec to head new co-location programme

The Chicago Mercantile Exchange has hired Citadel executive Craig Mohan to spearhead a new co-location and data centre push aimed at the high frequency trading market.

26 May 2010

News/Trade execution

Chi-X Europe reshuffles board as Mackay moves aside

Chi-X Europe has appointed John Woodman as chairman, replacing long-standing incumbent and founding CEO Tony Mackay (pictured), who moves to take up a non-executive position of chairman emeritus at the global equities exchange

25 May 2010

News/Trade execution

Six banks to publish daily dark pool data

Six leading investment banks are to report cash equity trade volumes crossed in their internal dark pools via a post-trade market data service provided by Markit.

24 May 2010

News/Trade execution

CFTC ready to bin the fax as it tries to get to grip with tech-driven markets

The US Commodity Futures Trading Commission is to establish a technology advisory committee after admitting that it struggles to keep pace with technological advances and that it continues to use faxes and manual entry forms for reviewing trading account data.

20 May 2010

News/Trade execution

Thai bourse set on fire

Thailand's stock exchange and several banks were set on fire today by anti-government protesters as violence in the capital escalated despite the surrender of red shirt leaders.

19 May 2010

News/Trade execution

Flash crash prompts circuit breaker roll-out

The Securities and Exchange Commission (SEC) has called for uniform circuit breakers on all S&P 500 stocks in response to the "flash crash" that caused mayhem earlier this month.

19 May 2010