Latest Trade execution News: Finextra Research

Equiduct revises pricing to reward liquidity providers

New multi-lateral trading facility Borse Berlin Equiduct has revised its pricing structure ahead of its forthcoming launch in an effort to reward users for bringing liquidity to the platform.

14 August 2008

News/Trade execution

Investors in the dark about dark pools

Many institutional investors have misgivings about the actual levels of anonymity and liquidity provided by broker/dealer and exchange-operated dark pools, according to new research released by Greenwich Associates (GA) which found varying policies and practices among providers.

14 August 2008

News/Trade execution

EuroCCP and Turquoise gear up for Friday launch

European Central Counterparty Limited (EuroCCP) - the pan-European arm of US depository DTCC - is expected to launch on Friday with 15 firms having gained approval as clearing participants, including the nine founding members of Turquoise and six other firms.

13 August 2008

News/Trade execution

SGX to woo couch potatoes with market data via digital TV

The Singapore Exchange is working with telecomms outfit StarHub to provide real-time financial news, stock prices and - ultimately - execution capabilities to 511,000 cable TV households in Singapore.

13 August 2008

News/Trade execution

Wall Street group issues recommendations for market reform

A year on from the start of the credit crisis, an industry group comprising of senior executives from Wall Street's biggest banks has published a wide-ranging set of recommendations for improving risk management and preventing another financial meltdown.

07 August 2008

News/Trade execution

Glitch knocks out Nyse floor hand-held devices

A technical glitch with hand-held devices used by floor brokers at the New York Stock Exchange (Nyse) left traders unable to send or receive orders yesterday morning.

07 August 2008

News/Trade execution

Icap provides online access to EBS

Interdealer broker Icap has introduced a service offering Internet access to its electronic currency trading platform EBS.

06 August 2008

News/Trade execution

Tokyo Stock Exchange slashes executives' pay again

The Tokyo Stock Exchange (TSE) is cutting the pay of its senior executives following a technical glitch that halted derivatives trading on the bourse last month.

05 August 2008

News/Trade execution

LSE cuts fees as rivals circle

The London Stock Exchange (LSE) is cutting trading fees and introducing incentives for liquidity providers in a bid to attract algorithmic traders and fight off competition from alternative trading systems.

01 August 2008

News/Trade execution

Tullett Prebon and GFI in merger talks

Interdealer brokers Tullett Prebon and GFI Group have confirmed they are in discussions about a possible merger.

01 August 2008

News/Trade execution

ITG buys out BLOCKalert; reports fall in Q2 net income

New York-based Investment Technology Group (ITG) says it is buying the stake it doesn't already hold in BLOCKalert, a block trading joint venture it established with Merrill Lynch.

31 July 2008

News/Trade execution

Turquoise hit by clearing issue in Italy - report

Bank-backed pan-European platform Turquoise will not offer trading in Italian equities when it launches because Italian central securities depository Monte Titoli will not cooperate with its own clearing and settlement provider, EuroCCP.

29 July 2008

News/Trade execution

Nyse in algo trading move

The New York Stock Exchange (Nyse) is rolling out technology that enables floor brokers to trade algorithmically and easily locate larger sources of liquidity.

29 July 2008

News/Trade execution

Finexpo to focus on new execution landscape

The Finexpo - Execution Management conference and exhibition has opened for registration. The event, on Thursday 16 October at The Brewery in London, will focus purely on trade execution, order routing, low-latency data provision and productivity tools for the front-office.

25 July 2008

News/Trade execution

Kuwait Stock Exchange in talks on new trading platform

The Kuwait Stock Exchange is in advanced talks with three market operators - Deutsche Börse, Nyse Euronext and Nasdaq OMX - about the provision of an electronic trading platform, according to a Reuters report.

24 July 2008

News/Trade execution

Apcims challenges FSA on data security and MiFID

The UK's Association of Private Client Investment Managers and Stockbrokers (Apcims) is using the Financial Services Authority's (FSA) AGM to raise concerns about changes to existing data security measures and about the management of post-trade data following the implementation of MiFID.

24 July 2008

News/Trade execution

Plus to launch dark liquidity pool

Plus Markets, the quote-driven trading system for AIM-listed stocks, is launching a dark liquidity pool for small and mid-cap securities as part of a programme of enhancements to its platform.

23 July 2008

News/Trade execution

Merrill smart order router executes 100m shares on Chi-X Europe

Chi-X Europe says Merrill Lynch's smart order router executed over 100 million shares on its pan-European multilateral trading facility (MTF) in a single day last week.

22 July 2008

News/Trade execution

NZX chooses Swift for clearing and settlement messaging

The New Zealand Stock Exchange (NZX) says it will use the Swiftnet FIN network for clearing and settlement messaging.

22 July 2008

News/Trade execution

BNP Paribas launches hybrid clearing service

French banking group BNP Paribas has launched a 'hybrid' securities clearing service as it looks to cash in on the proliferation of new equities trading platforms for investment and fund managers launched in the wake of MiFID.

22 July 2008