Latest Trade execution News: Finextra Research

SGX and Chi-X plan dark pool

The Singapore Exchange (SGX) and Chi-X have signed a heads of terms agreement to develop and launch Asia Pacific's first bourse-backed dark pool.

12 August 2009

News/Trade execution

Markit and DTCC derivatives trade processing JV set for September launch

The US Depository Trust & Clearing Corporation (DTCC) and UK-based Markit will launch their OTC derivatives processing services joint venture in September after getting the green light from regulators.

11 August 2009

News/Trade execution

Call for national reference data respository to combat systemic risk

The American Statistical Association (ASA), as well as the EDM Council, have endorsed a petition to create a new US Federal agency to build and oversee a centralised utility for maintaining reference and trade data.

07 August 2009

News/Trade execution

Market data rivals battle for share of wallet as terminal sales wilt

In an unprecedented announcement, Bloomberg has admitted to a fall in terminal numbers, revealing a four per cent drop from November last year. The statement was released late Tuesday, the day before the publication of second quarter 2009 results from Thomson Reuters, which highlight the positive outlook in the diversified vendor's non-financial services professional division.

06 August 2009

News/Trade execution

Direct Edge CEO hits back over flash orders

The boss of Direct Edge, the alternative trading system that pioneered the introduction of flash order types three years ago, has launched a robust defence of the controversial practice as regulators hint at a looming crackdown.

06 August 2009

News/Trade execution

Nasdaq OMX profit slides on market share declines and write-offs

Nasdaq OMX has posted a 31% drop in quarterly profits as the transAtlantic exchange operator incurred some $35 million in charges and saw its market share in US stock trading drop for the fifth successive quarter.

06 August 2009

News/Trade execution

FSA looks into high-frequency trading and dark pools

The Financial Services Authority (FSA) is examining the impact of high-frequency trading and the use of dark pools on the UK equity market.

04 August 2009

News/Trade execution

Nyse Euronext looks to sell stakes in US derivatives units - report

Nyse Euronext is in talks with banks about selling equity stakes in its US derivatives platforms in a bid to spread costs and increase trading volume, according to Dow Jones Newswires.

31 July 2009

News/Trade execution

Nyse Euronext swings to loss on LCH.Clearnet payment; plans tech job cuts

Nyse Euronext has swung to a net loss of $182 million for the second quarter - mainly due to a $355 million severance payment made to LCH.Clearnet - and warned of impending job cuts for technology staff.

30 July 2009

News/Trade execution

Data compression firm files patent infringement suits against banks and exchanges

A US firm specialising in data compression has filed lawsuits against a host of investment banks, stock exchanges and financial news and data outfits, accusing them of patent infringement.

29 July 2009

News/Trade execution

CME Group hires ex-LCH.Clearnet boss to lead European clearing

Chicago-based derivatives exchange operator CME Group has hired former LCH.Clearnet boss Andrew Lamb to head up its planned European clearing venture.

28 July 2009

News/Trade execution

Tocom offers virtual trading in bid to establish confidence in new platform

The Tokyo Commodity Exchange is set to launch a virtual trading environment, Tocom-V Trade, in a bid to help users get a feel for the bourse's new Nasdaq OMX technology-based platform.

28 July 2009

News/Trade execution

US senator calls for 'flash' orders ban

US Senator Charles Schumer has called on the Securities and Exchanges Commission (SEC) to ban "flash" trades, where users are given an advanced peek at unfilled orders ahead of the wider market.

27 July 2009

News/Trade execution

Eurex sets launch date for CDS counterparty

Swiss-German derivatives exchange Eurex says it will launch a European counterparty clearing system for credit default swaps at the end of the month.

24 July 2009

News/Trade execution

Global exchanges vie for Polish bourse

Deutsche Boerse, London Stock Exchange, Nasdaq and Nyse Euronext have lined up as possible buyers of the state-controlled Warsaw Bourse.

23 July 2009

News/Trade execution

ICE Trust sets out plans for buy-side participation in CDS clearing

IntercontinentalExchange (ICE) says it will introduce a solution that will enable buy-side participation in credit default swap clearing by October.

23 July 2009

News/Trade execution

Equinix buys Frankfurt data centre as demand from financial firms builds

Equinix has acquired a data centre in Frankfurt and outlined plans to expand one of its New York sites on the back of strong demand from financial services firms.

23 July 2009

News/Trade execution

Algo revival powers surge in electronic trading volumes

A surge in algorithmic trading helped drive a significant increase in the share of US equity trading volumes executed via electronic platforms last year, according to the results of Greenwich Associates' 2009 US Equity Investors Study.

21 July 2009