Trade execution

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Howls of protest greet proposals to limit bank-ownership of clearing houses

A proposed amendment to the US financial reform bill that would limit bank ownership of derivatives clearing houses has been met by a wave of criticism from financial market participants.

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Bloomberg buys energy data provider

Bloomberg has acquired New Energy Finance, a UK-based provider of news, data and analysis on renewable energy, carbon markets and nuclear power. Financial terms of the deal were not disclosed.

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National Futures Association throws the rule book at social networkers

The US National Futures Association has set out highly restrictive compliance rules on the use of social networking channels such as blogs, chatrooms, forums, facebook and Twitter by member financial firms.

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Thomson Reuters wins Bursa Malaysia market data deal

Bursa Malaysia has contracted Thomson Reuters to build a data distribution platform to support its growing trading business.

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Following LSE glitch, Bats Europe calls for market outage protocol

In the wake of last month's technical glitch at the London Stock Exchange, Bats Europe is calling for a clear market outage protocol to help participants plan and ensure trading remains orderly.

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Transparency and price discovery suffering under MiFID - CFA

Fragmentation in European equity markets has had little impact on price formation, but transparency and trade reporting have suffered under the Markets in Financial Instruments Directive (MiFID), according to a study conducted by investment body the CFA Institute.

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TSE ordered to pay Mizuho Y10.7bn over 'fat finger' trade botch-up

The Tokyo Stock Exchange (TSE) has been ordered to pay Y10.7 billion (£73m) to Mizuho Securities in compensation for losses incurred following a botched trade in 2005.

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Progress Software to slash workforce

Massachusetts-based enterprise technology provider Progress Software is set to cut its global workforce by between 12% and 14% in a bid to cut costs.

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StockTwits raises $3m

StockTwits, a social microblogging site which picks up tweets from traders, has closed a $3 million series b financing round led by Foundry Group and existing investors True Ventures and Brad Feld.

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Six Swiss Exchange to move Swiss Block dark pool to SmartPool

SIX Swiss Exchange is to move its Swiss Block dark pool service for Swiss blue chips to SmartPool, following the closure of the Nyfix Euro Millennium platform earlier this week by new owners Nyse Technologies.

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CBOE prepares to demutualise after settling suit

The Chicago Board Options Exchange (CBOE) has settled a long-running legal dispute with members of the Chicago Board of Trade (Cbot), paving the way for demutualisation within "days or weeks".

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Deutsche Börse abandons Warsaw Stock Exchange bid but Vienna still interested

Poland's treasury has called off the sale of a majority stake in the Warsaw Stock Exchange to Deutsche Börse and is instead planning an initial public offering.

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Thomson Reuters woos algo traders with machine-readable company events

Reflecting the growing influence of computer-driven trading strategies, Thomson Reuters has expanded its machine-readable news offering to include real-time analysis of company events.

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Investor behaviour determined by genetic factors

Investor behavior is largely determined by nature rather than nurture according to a new study of identical twins conducted by finance professors at Claremont McKenna College and the University of Washington.

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Chi-X Europe confirms Haynes as CEO

In a widely-tipped move, Chi-X Europe has confirmed that Alasdair Haynes will take over as chief executive officer of the pan-European MTF, subject to regulatory approval.

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Nyse completes Nyfix take-over; shuts down Euro Millennium dark pool

Nyse Technologies has shut down the Euro Millennium dark pool following completion of its $144 million take-over of Nyfix.

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Deutsche Börse to buy 75% stake in Tradegate Exchange

Deutsche Börse has agreed to buy a 75% stake in Tradegate, a Berlin-based MTF catering to the retail market that is set to become a regulated exchange early next year.

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Gremlins strike again at LSE; Chi-X rails at suspension, calls for total shutdown

The London Stock Exchange is once again grappling with technical problems on a day when its shares have taken a hammering on fears that Borse Dubai may be forced to dump its 20% stake in the UK market.

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Scientists create formula for producing better traders

Cambridge researchers say that a smart combination of testosterone, experience and profit-sharing incentives - rather than big-money bonus payouts - produces traders who are capable of consistently outperforming the market.

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Interactive Data to buy Online Financial Solutions assets from Dow Jones

Interactive Data has agreed to buy the assets of Online Financial Solutions (OFS) from Dow Jones.