Latest Trade execution News: Finextra Research

UBS blames erroneous three trillion yen trade on 'system error'

Swiss bank UBS has confirmed that a "system error" was responsible for the entry of an erroneous trade for three trillion yen at the Tokyo Stock Exchange on Tuesday.

25 February 2009

News/Trade execution

Thomson Reuters calms market nerves with solid Q4

Shares in Thomson Reuters moved up more than five per cent as the giant news and information group reported Q4 sales and profit ahead of expectations, an increase in integration synergies and a forecast for continued growth through 2009.

24 February 2009

News/Trade execution

Asean exchanges collaborate on e-trading link

Stock exchanges in Malaysia, Indonesia, Singapore, Thailand and the Philippines have signed a Memorandum of Understanding (MOU) to form an Asean direct market access electronic trading link.

23 February 2009

News/Trade execution

LSE revealed as core member of LCH.Clearnet bid consortium

The London Stock Exchange (LSE) has been revealed as a participant in the consortium of inter-dealer brokers and investment banks that is considering a cash offer for LCH.Clearnet.

20 February 2009

News/Trade execution

SunGard CEO Conde strikes confident note on solid Q4

SunGard CEO Cristóbal Conde has given a confident assessment of the financial systems firm's ability to weather the economic downturn after turning in solid growth in organic revenue for the final quarter.

20 February 2009

News/Trade execution

CDS dealers bow to pressure and commit to EU clearing counterparty

Nine of the leading dealer firms in the credit default swaps markets have committed to the use of central counterparty clearing for CDS in the European Union by end-July 2009.

19 February 2009

News/Trade execution

MTFs set to win more market share as price competition takes hold

Trading on new multilateral trading facilities (MTFs) in Europe costs less than a fifth of the fees levied by traditional exchanges according to the latest research from TowerGroup.

19 February 2009

News/Trade execution

Swiss Exchange starts migration to new trading platform

SIX Swiss Exchange has gone live with its new SWXess modular trading platform, starting a migration period that gives member banks until April 9 to move off the old SWX platform. Swiss Bank BEKB | BCBE has become the first bank to connect to the FIX-based standard interface module, using the GLOX7 trading connectivity solution from GlobalXTrade.

18 February 2009

News/Trade execution

NYSE Euronext completes migration to Universal Trading Platform

NYSE Euronext has migrated trading of all European equities, including exchange-traded fund (ETF) products, listed on the company's Amsterdam, Brussels, Lisbon and Paris markets to its next-generation Universal Trading Platform from the pervious Nouveau Système de Cotation (NSC) platform.

17 February 2009

News/Trade execution

CESR finds huge variation in fines for MiFID non-compliance

The Committee of European Securities Regulators (CESR) has published a review of supervisory powers and practices, and administrative and criminal sanctioning regimes across Europe in relation to MiFID. It found greater convergance of approaches to regulating markets and MTFs than for investment firms. And it found administrative and criminal fines for non-compliance with the directive differ massively from country to country.

17 February 2009

News/Trade execution

Fidessa beats revenue/profit forecasts

Shares in UK-based Fidessa have jumped as the dealing systems vendor posted better than expected full-year revenue and profit.

16 February 2009

News/Trade execution

LCH.Clearnet to develop eurozone clearing house for credit default swaps

LCH.Clearnet has announced plans to launch a clearing service for credit default swaps in the Eurozone by December 2009.

13 February 2009

News/Trade execution

Former Lehman man Rolet to take LSE helm; Chi-x makes new hires

The London Stock Exchange has confirmed the appointment of Xavier Rolet as its next chief executive. The former Lehman Brothers man will take over from Clara Furse in mid-May.

13 February 2009

News/Trade execution

Finextra launches Innovation Showcase

Finextra has launched the Innovation Showcase, a new feature on Finextra.com highlighting the most innovative financial technology developments over the past 12 months. Across a broad range of categories it showcases technologies that demonstrate uniqueness and impact, clever ways of solving a problem and projects at the leading edge of new industry trends.

11 February 2009

News/Trade execution

Patsystems beats expectations

Shares in screen dealing vendor Patsystems rose by more than ten per cent after the UK-based company beat market expectations with a 15% rise in revenue and 23% increase in pretax profit for the full year 2008.

10 February 2009

News/Trade execution

Quote MTF to enter pan-European trading market

The crowded European market for stock exchange trading will welcome another new liquidity platform in the coming months with the summer launch of Quote MTF, an upstart independent venue operating out of Hungary.

09 February 2009

News/Trade execution

Brazil's Ágora Corretora deploys Progress Apama for algo trading

Brazilian broker Ágora Corretora de Titulos e Valores Mobiliarios has rolled out Massachusetts-based Progress Software's Apama complex event processing (CEP) platform to support algorithmic equities trading.

06 February 2009

News/Trade execution

Korea Exchange doubles capacity, cuts latency on Unix platform upgrade

The Korea Exchange (KRX), the world's second largest derivatives exchange, has commenced member testing of a modern, faster version of its trading platform, in anticipation of a rise in business stemming from the introduction of the country's Capital Market Consolidation Act.

06 February 2009

News/Trade execution

Ex-Lehman man Rolet favourite for LSE chief role - FT

Former Lehman Brothers banker Xavier Rolet has emerged as the frontrunner to replace Clara Furse as chief executive of the London Stock Exchange (LSE), according to press reports.

06 February 2009

News/Trade execution

HSBC and JPMorgan join SwapClear; DTCC hits back at LCH.Clearnet critics

HSBC and JPMorgan have become shareholders of OTCDerivNet, the company which provides strategic direction to LCH.Clearnet's SwapClear service.

03 February 2009