Trade execution

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/Trade execution

Nasdaq launches social network

Nasdaq has unveiled a financial networking community on its Web site offering market commentary, investment analysis and social tools to help members interact with content through ratings, discussions, and personalisation.

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SEC sets sights on sponsored access and exchange co-location

After taking on dark pools and flash orders, the Securities and Exchange Commission has now turned its attention to high frequency trading and the practice of sponsored access to exchanges.

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Nasdaq serves up Twitter stock buzz on iPhone

Nasdaq has released an iPhone app that enables users to track the performance of their portfolio, access share price information and search for the latest tweets on particular stocks.

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Fidessa forecasts slowdown in H2 as consolidation trends hit market

Trading systems vendor Fidessa is forecasting a slowdown in growth for the second half of 2009 as consolidation trends hit smaller customers and buy-side firms.

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Nomura launches low-latency European trading service

Nomura has launched a low latency trading service that taps networking technology from Colt to offer clients co-located software hosting connectivity to major exchanges and MTFs in Europe.

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SEC proposes dark pool rules; institutions divided over merits of high frequency trading

The US Securities and Exchange Commission has unveiled proposals aimed at shedding more light on dark pool trading by introducing new rules that would require enhanced public disclosure of stocks passing over alternative trading networks.

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Nyse makes move to improve dark pool transparency

With dark pools under the regulatory microscope, Nyse Euronext has struck a deal with five firms behind ATSs and off-exchange market centres to print trades made on the venues on the reporting facility it operates with Finra and display daily activity on Nyse.com.

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First Derivatives boosts Kx Systems stake; posts H1 profit rise

Capital markets tech house First Derivatives has acquired a further 15% interest in Californian analytical database vendor Kx Systems for $7.5 million in a mixture of cash and shares.

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IBM exec among six charged over tech insider trading scheme

A top IBM executive is among six people charged by US authorities over an alleged $20 million hedge fund insider trading scam involving some of the world's biggest technology companies.

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Nyse Technologies creates 400 Northern Ireland jobs

The technology division of Nyse Euronext has outlined plans to create 400 jobs at a new development facility in Northern Ireland.

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LSE tech breakdown re-ignites calls for consolidated tape

Dealing technology vendor Fidessa has re-ignited calls for the creation of a consolidated tape for European market data pricing after an outage at the London Stock Exchange last week appeared to depress trading in affected stocks.

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Nasdaq OMX plans new listings market and third US equity mart

Nasdaq OMX says it will establish a new US listing market, called BX, for companies that do not qualify for an exchange listing, and launch a third equity trading venue offering a price/size execution priority model.

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LSE trading hit by system problem

The London Stock Exchange was forced to suspend trading in several symbols this morning after a problem with invalid data.

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Morgan Stanley to measure latency performance with Corvil

Morgan Stanley is to use latency monitoring technology from Corvil to analyse and optimise data transmission speeds from its market data plants in New York and London and to and from execution venues.

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DTCC calls on lawmakers to mandate use of central trade reporting utility

The Depository Trust and Clearing Corporation has called for legislative changes mandating the use of a trade repository for over-the-counter (OTC) credit derivatives contracts in testimony submitted to the House Financial Services Committee.

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SEC to extend dark pool probe

The Securities and Exchange Commission is to extend its regulatory probing of dark pools to include issues surrounding high frequency trading, direct market access and co-location.

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SEC approves new rules to deal with erroneous trades

The Securities and Exchange Commission has approved new rules designed to limit the potential for systemic damage from fat-fingered or computer-generated erroneous trades.

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Instinet to launch patent-pending 'aggregated' dark pool

Instinet is set to launch a new US dark pool that combines multiple smaller buy and sell orders up to a specific volume threshold in an effort to attract more anonymous block trade order flow.

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LSE in talks to buy Turquoise

The London Stock Exchange says it has entered into exclusive talks with pan-European equity trading platform Turquoise about a possible transaction.

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Nyse Euronext appoints IBM veteran Cerutti as deputy CEO

TransAtlantic exchange Nyse Euronext has signalled the critical importance of technology to its global business operations by appointing IBM salaryman Dominique Cerutti as the successor to deputy chief executive Jean-François Théodore.