Latest Trade execution News: Finextra Research

SIX- x-clear and EMCF to offer competitive clearing

SIX x-clear and Dutch central counterparty EMCF have signed a Memorandum of Understanding to offer competitive clearing across multiple stock exchange venues.

03 February 2009

News/Trade execution

LSE to press on with Baikal build as solo venture; names Ryland as CTO

The London Stock Exchange has appointed Mark Ryland as chief technology officer of Baikal, its forthcoming pan-European dark liquidity trading venue.

03 February 2009

News/Trade execution

Icap-led consortium preps counter-bid for LCH.Clearnet

UK interdealer broker Icap is part of a consortium of firms mulling a bid for LCH.Clearnet, in a move that could destabilise an agreed takeover of the London clearing house by the US-based Depository Trust and Clearing Corporation.

02 February 2009

News/Trade execution

DTCC plans real-time trade guarantee

The Depository Trust & Clearing Corporation (DTCC) has outlined plans to implement a real-time trade date guarantee for equity and corporate and municipal bond transactions, as it looks to ease concerns among market participants over security of settlement.

29 January 2009

News/Trade execution

SmartPool greenlighted by FSA; to begin trading next week

SmartPool, the new multi-lateral trading facility (MTF) set up by Nyse Euronext, BNP Paribas, HSBC and JPMorgan, has received Financial Services Authority (FSA) approval to launch its dark pool for block trading in European stocks.

28 January 2009

News/Trade execution

Quadriserv and Eurex Clearing team on transatlantic CCP for securities lending

Eurex Clearing is partnering North America's Quadriserv to offer central counterparty (CCP) clearing and settlement services for securities lending of European equities.

27 January 2009

News/Trade execution

Nyse Euronext and Bids get SEC approval for block trading JV

Nyse Euronext and Bids Holdings are set to launch a block trading execution platform later this week, after receiving the greenlight from the Securities and Exchange Commission.

27 January 2009

News/Trade execution

Turquoise increases rebates for high volume traders

As the battle for market share in European stocks ramps up, bank-backed equity trading venue Turquoise says it will increase the rebates it pays to members for posting bids on its order books.

26 January 2009

News/Trade execution

Turquoise secures funding

Bank-backed equity trading venue Turquoise has raised enough money in a recent round of funding to secure its financial position for the rest of the year, the FT reports.

23 January 2009

News/Trade execution

European Commission ready to mandate central clearing for CDS deals - Reuters

The European Commission is set to introduce legislation forcing market participants to adopt central clearing of credit derivatives transactions, an anonymous source from the EU's executive body has told Reuters.

22 January 2009

News/Trade execution

EuroCCP makes move on Spain as Turquoise gears up for expansion

DTCC subsidiary European Central Counterparty (EuroCCP) is to extend its footprint to Spain next month, as it provides clearing and settlement support for the next stage in the expansion of the bank-backed Turquoise trading platform.

20 January 2009

News/Trade execution

Thomson Reuters launches consolidated tape

Thomson Reuters has launched a consolidated pan-European securities data feed in an effort to combat the fragmentation of market data prices under the MiFID regulatory regime.

19 January 2009

News/Trade execution

Neonet abandons takeover talks

Swedish agency broker and systems supplier Neonet has pulled out of take-over talks with an un-named counterparty and says that no offer has been received for the company.

16 January 2009

News/Trade execution

SWX Europe chief Hodgkinson quits

SWX Europe chief Lee Hodgkinson is quitting the Swiss-based SIX Group at the end of April to "pursue a new challenge".

14 January 2009

News/Trade execution

LSE appoints Baikal commercial director and COO

The London Stock Exchange has appointed a commercial director and chief operating officer for Baikal, its forthcoming dark liquidity trading venue.

14 January 2009

News/Trade execution

System rationalisation to hit OMS and EMS spending - Tabb

Spending on order and execution management systems is expected to slide significantly over the coming year as buy-side firms worldwide looks to consolidate system and rationalise their use of trading technology during the downturn, according to research from analyst house Tabb.

13 January 2009

News/Trade execution

EC initiates antitrust case against S&P

The European Commission (EC) has opened formal proceedings against Standard & Poor's (S&P) to look into whether the US firm abused its dominant market position by forcing financial firms to pay for the use of US securities numbering codes when accessing data from third party vendors.

13 January 2009

News/Trade execution

Deutsche Börse maintains silence as Neonet confirms take-over talks

Swedish agency broker and systems supplier Neonet has confirmed it is in takeover talks. The confirmation comes a day after German newspaper Handelsblatt reported that Deutsche Börse was lining up a bid.

06 January 2009

News/Trade execution

VisaNet Brazil extends IPO deadline

Visa and a consortium of Brazilian banks have postponed a planned IPO of the national VisaNet system, according to a late-December filing with the country's securities regulator.

06 January 2009

News/Trade execution

Deutsche Börse to buy financial news agency from Xinhua

Deutsche Börse is to acquire the US-based financial news agency Market News International (MNI). A purchase agreement was signed last Friday. Market News International will become a 100 per cent subsidiary of Deutsche Börse for US$10 million in cash. The transaction is expected to close by the end of January 2009, subject to approval of the German competition commission (Bundeskartellamt).

22 December 2008