Latest Trade execution News: Finextra Research

UK asset managers lack confidence in reference data quality - survey

Over a third of UK-based asset managers and banks are not confident in the quality of reference data they use to support trading activity, according to a survey from IT services firm Patni.

28 January 2010

News/Trade execution

BM&FBovespa hires Cathryn Lyall to lead new London office

Brazil's BM&FBovespa has hired former Icap executive Cathryn Lyall to head up its new London office, from where the exchange plans to build up a presence in Europe, the Middle East and Africa.

27 January 2010

News/Trade execution

General Atlantic makes $250 million investment in Markit

General Atlantic has taken a $250 million stake in financial data and post-trade services group Markit.

27 January 2010

News/Trade execution

Liquidnet lays off staff

Institutional trading platform Liquidnet has laid off five per cent of its US staff, losing 22 jobs from a roster of 408 employee positions.

26 January 2010

News/Trade execution

Nyse signs Citi as first client for global market data admin service

Citi is to be the first customer for Nyse Technologies' new market data administration service, developed in collaboration with consultancy Jordan & Jordan.

25 January 2010

News/Trade execution

Orc and Neonet plan merger

Swedish vendors Orc Software and Neonet are recommending a merger to their shareholders in a deal that would see them combine equity and derivatives trading technology expertise.

25 January 2010

News/Trade execution

Thomson Reuters woos high-frequency traders with microsecond access to news

In a bid to woo high-frequency traders in London and Chicago, Thomson Reuters has launched a market data delivery service promising microsecond access to "market moving" machine readable news content.

25 January 2010

News/Trade execution

Bats Europe launches smart order router

Exchange execution venue Bats Europe has launched a pan-European smart order routing service for best execution access to multiple market centres including exchanges, MTFs and dark pools.

25 January 2010

News/Trade execution

LSE reports revenue dip as Chi-X moves to number two spot in Europe

The London Stock Exchange is reporting a nine per cent slide in third quarter revenue as competition from rival execution venues intensifies.

21 January 2010

News/Trade execution

Europe to probe computer-driven stock trading - Bloomberg

The European Union is set to follow in the footsteps of US authorities by instituting a probe into the impact of computer-driven trading on stock market practices, according to a report by Bloomberg.

20 January 2010

News/Trade execution

Deutsche Börse to take EUR200 write-down against under-performing ISE

Deutsche Börse is to take a write-down of EUR200 million on its 2009 earnings following a poor showing in US equity options trading by the International Securities Exchange.

20 January 2010

News/Trade execution

Chi-X Canada bids for lower latency in Toronto data centre switch

Chi-X Canada has signed a deal to house its matching engine and colocation customers within Switch and Data's downtown Toronto facility.

19 January 2010

News/Trade execution

LSE names Kevin Milne director, post-trade services

The London Stock Exchange has named former Xtrakter CEO Kevin Milne as director of its post-trade services division.

18 January 2010

News/Trade execution

ECB to set back T2S timetable to beyond 2013

The European Central Bank has been forced to set back the deadline for the introduction of a new pan-European securities settlement system by up to a year as negotiations over pricing and governance drag on, according to a report in the Financial Times.

15 January 2010

News/Trade execution

Pearson confirms Interactive Data considering sale

Publishing group Pearson has confirmed that Interactive Data, in which it holds a majority stake, is reviewing "strategic alternatives" as speculation over a possible sale mounts.

15 January 2010

News/Trade execution

Quant Capital moves to Aleri CEP platform

London-based investment firm Quant Capital has deployed Aleri's complex event processing (CEP) technology to support its algorithmic trading strategies and minimise execution latencies.

15 January 2010

News/Trade execution

Deutsche Bank appoints Credit Suisse exec Marques as e-trading head

Deutsche Bank has hired former Credit Suisse executive Jose Marques to head up its global electronic equity trading business in New York.

14 January 2010

News/Trade execution

SEC begins overhaul of US equity markets with ban on direct market access

The US Securities and Exchange Commission has proposed new rules prohibiting broker-dealers from providing customers with unfiltered or naked access to an exchange or ATS. The watchdog has also called for comment on issues relating to high-frequency trading, co-locating trading terminals and dark pool trading as it seeks to re-write the rule-book for a new era of computer-driven trading.

14 January 2010

News/Trade execution

Credit Suisse penalised by Nyse for algorithmic meltdown

The New York Stock Exchange has fined Credit Suisse Securities $150,000 for failing to control development of an algorithm that went awry and flooded the Exchange trading system with hundreds of thousands of erroneous orders.

13 January 2010

News/Trade execution

Liquidnet invests in research outfit OTR Global

Liquidnet has made a strategic, unspecified, investment in OTR Global, an alternative research company providing market intelligence for institutional investors.

12 January 2010