Trade execution

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/Trade execution

NZX looks to buy energy market operator M-co

The New Zealand Stock Exchange (NZX) has reached a conditional agreement to buy energy market operator The Marketplace Company (M-co). Financial terms were not disclosed.

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LSE abandons exchange traded CFDs project

The London Stock Exchange (LSE) has abandoned plans to launch an exchange traded contract for difference (ETcfds) service following discussions with bank and broker clients.

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Fidessa doubles throughput rates with new Intel chipset

Fidessa is reporting trading transaction throughput tests on the new Intel Xeon 5500 chipset running twice as fast as on current industry standard kit, with comparatively lower power consumption.

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LSE debuts post-trade routing technology

The London Stock Exchange is to debut its new post-trade routing technology X-TRM as it launches a Central Counterparty (CCP) service for trading in the 50 most liquid Depositary Receipts (DRs) on the LSE's International Order Book (IOB).

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Nasdaq OMX Europe offers share options in return for trading

Multilateral trading facility Nasdaq OMX Europe is inviting market participants to take a stake in the business in an effort to boost share trading volumes.

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SocGen launches Alpha x Europe crossing network

Société Générale Corporate & Investment Banking (SG CIB) has launched Alpha x Europe, a crossing network which matches clients' buy and sell orders on a particular stock through an anonymous execution platform.

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Burgundy gets connected with BT Radianz

Burgundy, a new MTF owned by Scandinavian banks and brokers that will offer trading in Nordic securities from later this year, has chosen BT to provide connectivity services.

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Turquoise volumes slump; Bats picks up FTSE 100 share

Dealing volumes over the Turquoise multilateral trading facility slumped by more than half last week as liquidity agreements with market-makers expired.

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Swedbank and Bursa Malaysia dim lights for Earth Hour

Swedbank and Bursa Malaysia have both pledged support to the WWF's Earth Hour initiative, which will see lights around the world turned off for 60 minutes to raise awareness of climate change.

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CME delays CDS clearing launch as search continues for investors

The Chicago Mercantile Exchange has delayed the launch of its clearing counterparty for credit default swaps as it seeks to attract investment and liquidity promises from the dealer community.

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Finextra weekly news review podcast

Visa takes action against service providers after data breaches, Dutch banks bid online for new customers, and the latest research on mobile banking and the Payments Services Directive - it's all in this week's news review podcast.

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Icap abandons exchange project as Lyall exits

Interdealer broker Icap is to abandon plans to launch its own derivatives exchange following a business review which has led to the departure of chief operating officer for exchange projects Cathryn Lyall.

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Ulf Axman appointed European business development head at Chi-Tech

Chi-X has appointed Ulf Axman as head of European development at Chi-Tech, the technology services arm of the exchange operator formed from its recent acquisition of Cicada.

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Nasdaq OMX Europe plans dark pool

Transatlantic exchange operator Nasdaq OMX has outlined plans to launch a new pan-European dark liquidity trading venue, Neuro Dark, next month.

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Sybase launches complex event processing (CEP) platform

Sybase has launched a complex event processing (CEP) technology platform for performing analytics on high speed streaming data.

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Hodgkinson appointed SmartPool head

SmartPool, the European exchange-led dark pool for block trading set up by Nyse Euronext, BNP Paribas, HSBC and JPMorgan, has appointed Lee Hodgkinson as its new chief executive officer

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LSE pulls out of LCH.Clearnet consortium

The London Stock Exchange has pulled out of a consortium of banks led by inter-dealer broker Icap that is considering a takeover bid for LCH.Clearnet. The independent clearer says it has had extensive talks with the consortium but that it is still awaiting an offer.

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Finextra weekly news review podcast

New trading venue launches, research on communication breakdowns between IT and business people at UK banks, M&A activity and new mobile payments services - it's all in this week's news review.

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Eurex in talks to sell CDS clearing stakes

Swiss-German derivatives exchange Eurex says it is in advanced talks to sell stakes in its forthcoming credit default swaps clearing house.

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Nomura positions Lowrey as Chi-X Global chief; Mackay takes over chairmanship

Nomura has strengthened its grip on the Chi-X Global business with a top tier reshuffle that sees Tony Mackay moved upstairs to the chairmanship and former Lehman exec John Lowrey appointed as chief executive.