Latest Trade execution News: Finextra Research

Bombay Stock Exchange set to ditch Nasdaq OMX platform

The Bombay Stock Exchange (BSE) is considering scrapping a deal with Nasdaq OMX for the implementation of a trading and clearing platform following concerns about the technical specifications and delivery of the system.

02 October 2008

News/Trade execution

CFTC and FSA to lead commodities task force

The US Commodity Futures Trading Commission (CFTC) and the UK's Financial Services Authority (FSA) will head up a task force - established by the technical committee of the International Organisation of Securities Commission (IOSCO) - that will examine regulation of the commodities markets.

02 October 2008

News/Trade execution

Nasdaq OMX hits out at LSE tariff

A move by the London Stock exchange (LSE) to impose a special tariff on equity orders channelled to its market from competing platforms has led to accusations of "anti-competitive behaviour" from rival Nasdaq OMX.

02 October 2008

News/Trade execution

Nyfix adds SIS x-clear as CCP provider for Euro Millennium

Swiss central counterparty SIS x-clear has been selected to provide clearing services for Euro Millennium, the dark pool established by Nyfix.

30 September 2008

News/Trade execution

JP Morgan becomes SmartPool partner

JP Morgan is joining Nyse Euronext, HSBC and BNP Paribas as a partner in SmartPool, the pan-European electronic block trading platform set to launch in November.

30 September 2008

News/Trade execution

EuroCCP moves to take advantage of Fortis woes; offers clearing for MTFs

European Central Counterparty Limited (EuroCCP), the European subsidiary of The Depository Trust & Clearing Corporation (DTCC) says it is ready to step into the breach and provide clearing services for European MTFs such as Chi-X, Nasdaq OMX, Bats and other new execution venues served by troubled Belgian bank Fortis.

29 September 2008

News/Trade execution

CCorp says CDS clearing counterparty will launch by year-end

Chicago-based CCorp (the Clearing Corporation) has moved to quell rumours that its plans for developing a central counterparty for credit risk has faltered, and has pledged to launch the new facility by the end of the year.

29 September 2008

News/Trade execution

Nasdaq OMX launches European platform

Transatlantic exchange operator Nasdaq OMX says trading has begun on its new MiFID-compliant pan-European trading and routing facility.

26 September 2008

News/Trade execution

Short-selling ban stirs e-trading confusion

A surge in trading volumes after the US Securities and Exchange Commission (SEC) banned short selling last week caused glitches on electronic platforms that cancelled thousands of trades, according to a Wall Street Journal (WSJ) report.

25 September 2008

News/Trade execution

LSE pursues competitive clearing model

The London Stock Exchange (LSE) has confirmed plans to allow Swiss central counterparty SIS x-clear to join LCH.Clearnet as a competitive provider of clearing services on its equity market.

24 September 2008

News/Trade execution

Burgundy MTF selects Cinnober trading technology

Stockholm-based Cinnober has won a deal to provide the platform for Burgundy, the multilateral trading facility (MTF) being established by a group of the largest banks and brokers in Sweden.

24 September 2008

News/Trade execution

New platforms to challenge LSE on reference data

Chi-X, Turquoise and Nasdaq OMX have joined an informal working group formed by Plus Markets to explore alternative market data and price reporting services to those provided by the London Stock Exchange (LSE).

23 September 2008

News/Trade execution

CME Group joins Linux Foundation

Derivatives exchange operator CME Group has joined the Linux Foundation, with its associate director Vinod Kutty taking on the chair of the organisation's end user council.

23 September 2008

News/Trade execution

Nasdaq OMX eyes London listings

Transatlantic exchange Nasdaq OMX has disclosed plans to establish a listings venue in London, just days ahead of the launch of its MiFID-compliant pan-European multilateral trading facility.

22 September 2008

News/Trade execution

Plus takes LSE to court over "anti-competitive" trade reporting rule

Plus Markets, the quote-driven trading system for AIM-listed stocks, has filed an action in the High Court claiming an LSE trade reporting rule is "anti-competitive".

19 September 2008

News/Trade execution

Credit crunch sparks tech crunch as bank buy-outs escalate

The purchase of Lehman Brothers' North American investment banking business by UK bank Barclays will include most of the defunct institution's technology, according to early reports.

18 September 2008

News/Trade execution

Chi-X defends risk model for its CCP

Technology rather than headcount is the basis for managing risk in the clearing and settlement of equity trades, according to an executive with alternative trading platform Chi-X

18 September 2008

News/Trade execution

LCH.Clearnet turns to Tata for derivatives clearing platform; unwinds Lehman positions

The largest clearing house in Europe, LCH.Clearnet, has selected Tata Consultancy Services (TCS) Financial Solutions Bancs product as the underlying system for its multi-asset derivatives clearing platform.

18 September 2008

News/Trade execution

Autonomy looks to cash in on FSA call recording regulations

Software house Autonomy is pitching for business from firms looking to comply with upcoming Financial Services Authority (FSA) regulations requiring them to record and store telephone conversations and electronic communications relating to client orders.

17 September 2008

News/Trade execution

LSE dark pool plans rocked by Lehman default

The London Stock Exchange maintains that its Baikal dark pool project remains "a sound business proposition" despite the bankruptcy protection filing by partner Lehman Brothers.

15 September 2008