Latest Trade execution News: Finextra Research

SWX Swiss Block to launch in August with 11 firms on board

SWX Europe has signed up 11 firms for the August launch of its non-displayed liquidity service for Swiss blue-chip equities, SWX Swiss Block.

21 July 2008

News/Trade execution

ECB launches T2S settlement harmonisation project

The European Central Bank is to press ahead with the launch of its contentious settlement harmonisation project Target2-Securities and has assigned the development and operation of the facility to the Deutsche Bundesbank, the Banco de España, the Banque de France and the Banca d'Italia.

17 July 2008

News/Trade execution

Korea's Leading chooses Progress Apama for algo trading

Korea's Leading Investment & Securities has rolled out Massachusetts-based Progress Software's Apama platform to provide its international clients with algorithmic trading capabilities.

17 July 2008

News/Trade execution

Turquoise backs down on plans for early opening

Bank-backed equities trading platform Turquoise has accused rival exchanges of "fear mongering" after being forced to abandon plans to open its market 15-minutes earlier than incumbent bourses.

17 July 2008

News/Trade execution

InCore selects Orc trading technology

Switzerland's InCore Bank has licensed electronic trading technology from Swedish vendor Orc Software for its proprietary trading business.

17 July 2008

News/Trade execution

Link Up Markets contracts with Clearstream for IT build

European depository Clearstream is to work with Tata Consultancy Services to develop and operate the IT infrastructure for Link Up Markets, the settlement services joint venture company set up by seven European CSDs.

15 July 2008

News/Trade execution

ICE Clear Europe further delays London clearing launch

Energy derivatives exchange ICE Clear Europe has further delayed the launch of its new London clearing house until September, due to technical issues associated with the transfer of traders' open interest positions from incumbent clearer LCH.Clearnet.

15 July 2008

News/Trade execution

JSE 'deeply apologetic' for technical shut-down

The Johannesburg Stock Exchange was forced to extend trading in equities and derivatives by two hours Monday, after technical problems shut down dealing until mid-afternoon.

15 July 2008

News/Trade execution

Nasdaq OMX claims market share lead in Nyse-listed stocks

Nasdaq OMX claims it executed more Nyse-listed stocks than the New York Stock Exchange for the first time last Friday, a milestone figure that it is set to re-ignite the debate about the electronic trading models employed by the rival exchanges.

14 July 2008

News/Trade execution

Plus Markets and the Munich Stock Exchange to create pan-European market

The UK's Plus Markets group has entered into an agreement with the Munich Stock Exchange to develop a new pan-European trading platform for small and mid-cap stocks.

10 July 2008

News/Trade execution

Latency management vendor Corvil secures $12 million funding

Dublin-based latency management outfit Corvil has secured $12 million in a new funding round led by Vesbridge Partners and supported by existing investors ACT Ventures and Apax.

10 July 2008

News/Trade execution

Asian stock exchanges moot trading tie-up

The FT reports that six Asian stock exchanges are working on plans to develop an integrated platform for display and execution of trades for the largest 180 companies in the region.

09 July 2008

News/Trade execution

Chi-X extends to Belgium; LSE rises on revenue uptick

Pan-European MTF Instinet Chi-X has extended its trading service to cover the top five stocks of the Belgium BEL 20 index, and plans to introduce the remainder of the index's components later in the month.

09 July 2008

News/Trade execution

Liffe eyes over-the-counter CDS market

London's Liffe is looking to break into the market for credit default swaps with the launch of a new set of contracts and integrated OTC clearing through its Bclear operation.

07 July 2008

News/Trade execution

ASX goes sub-millisecond with new co-location service

The Australian Stock Exchange has signed 12 founder subscribers to a new co-location hosting service that promises to deliver sub-millisecond access to the Exchange's ITS trading engine.

04 July 2008

News/Trade execution

Bursa Malaysia loses full day of trading due to hardware failure

Equity trading on Bursa Malaysia was down all day on Thursday, as the exchange suffered a "multi-hardware failure" of its core trading platform. It initially said it would be running again at 14:30 local time after switching to a back-up facility, but the exchange later announced that this would not be possible.

03 July 2008

News/Trade execution

Liquidnet to raise $500m in IPO

US electronic trading network Liquidnet has filed for a $500 million initial public offering (IPO) with the US Securities and Exchange Commission (SEC).

02 July 2008

News/Trade execution

DIFX plans for derivatives trading with switch to Nasdaq OMX platform

The Dubai International Financial Exchange (DIFX) is set to go live with a platform supplied by Nasdaq OMX which it will use for all trading, including equity derivatives which it plans to list for the first time later this year.

01 July 2008

News/Trade execution

EuroCCP claims lowest clearing costs in Europe

If European firms used the EuroCCP platform to clear all trades, the industry could slash costs and save around EUR350 million a year, claims the DTCC subsidiary.

01 July 2008

News/Trade execution

Turquoise gets FSA approval

Bank-backed equities trading facility Turquoise has received regulatory approval for its MiFID-complaint pan-European platform and surveillance system.

30 June 2008