Latest Trade execution News: Finextra Research

Oslo Børs re-thinks Genium upgrade

Oslo Børs is on the verge of pulling out of a deal to replace its trading infrastructure with the new Genium Trading system from Nasdaq OMX after discovering that the transatlantic exchange has changed the content and structure of the platform.

28 April 2008

News/Trade execution

Nyse Euronext inks TSE options trading deal

Nyse Euronext has won a deal to supply an options trading system, based on its Liffe Connect platform, to the Tokyo Stock Exchange (TSE).

28 April 2008

News/Trade execution

CLSA to launch dark pool in Asia

CLSA Asia-Pacific Markets, a Hong Kong-based subsidiary of Credit Agricole, is preparing to launch a dark pool exclusively for block trading in Asia.

28 April 2008

News/Trade execution

Algo trading winning out over alternative execution strategies - TradingScreen

Investors using algorithmic trading tools are seeing significant improvements in performance over alternative execution strategies, according to an analysis of deal activity at 200 hedge funds and asset managers conducted by EMS vendor TradingScreen.

24 April 2008

News/Trade execution

Crunch to squeeze sell side spending on technology

Spending on technology by sell side firms in North America will rise at a compound annual growth rate (CAGR) of just 1.3% through to 2011 - down significantly from the 8.5% growth seen between 2004 and 2007, as companies hit by the credit crunch revise IT budgets, according to a study by analyst house Celent.

23 April 2008

News/Trade execution

Patsystems says customers delaying buying decisions

London trading technology vendor Patsystems says major buying decisions by clients "are concluding more slowly than usual" as the credit crisis bites but trading in 2008 has been in line with expectations so far.

17 April 2008

News/Trade execution

Furse calls for regulators to intervene on vertical silos

London Stock Exchange (LSE) chief executive Clara Furse has called on the UK's regulators to act to prevent a "domino effect" of spreading anti-competitive behaviour in the exchange clearing business.

17 April 2008

News/Trade execution

Bats makes first appointments in Europe

US-based ECN operator Bats Trading has hired former Euronext Liffe MD Mark Hemsley and Morgan Stanley veteran Paul O'Donnell to head its new European operations.

17 April 2008

News/Trade execution

Bats chooses Savvis to host European platform

US-based Bats Trading, the all-electronic alternative to Nasdaq and Nyse, has selected IT vendor Savvis to host its new European equities platform which it plans to launch later this year.

14 April 2008

News/Trade execution

Fixnetix wins Equiduct Trading deal

Börse Berlin Equiduct Systems has recruited London-based Fixnetix to develop the low latency market data feed for its MiFID-compliant pan-European trading platform, which is expected to launch in the middle of the year.

11 April 2008

News/Trade execution

TSX and Pure Trading settle intellectual property suit

The Toronto Stock Exchange (TSX) says it has settled an intellectual property lawsuit it filed against the parent company of rival upstart bourse Pure Trading.

11 April 2008

News/Trade execution

Nyfix buys Fixcity

US trading systems vendor Nyfix has acquired London-based e-trading and FIX messaging outfit Fixcity. Financial terms of the deal were not disclosed.

10 April 2008

News/Trade execution

Citi acquires Tradeweb stake

Citi is acquiring an undisclosed minority equity stake in electronic fixed income platform TradeWeb.

08 April 2008

News/Trade execution

Icap to buy equity derivatives broker Link

UK-based interdealer broker Icap has signed an agreement to acquire equity derivatives outfit Link Asset and Securities for a total consideration of £250 million.

07 April 2008

News/Trade execution

Finexpo sets out green agenda

Finexpo - Green City, a new one-day conference from Finextra, is to set out a new business and environmental agenda for financial services firms when it opens for business in London next week, with keynotes and panel sessions on carbon neutral banking, green investment strategies, emissions trading, and energy efficiency in the data centre.

04 April 2008

News/Trade execution

European securities depositories to launch settlement venture

A group of seven European central securities depositories (CSDs) are gearing up to launch a joint venture aimed at cutting settlement costs across the region in accordance with the European Commission's voluntary code of conduct.

01 April 2008

News/Trade execution

Credit Suisse buys into Axe ECN

Credit Suisse is acquiring an undisclosed stake in Axe ECN, which is being set up by the New Zealand Exchange (NZX) and five other banks to compete with services provided by the Australian Stock Exchange (ASX).

01 April 2008

News/Trade execution

FXMarketSpace launches forex settlement service

FXMarketSpace, the centrally-cleared foreign exchange marketplace established by Reuters and the Chicago Mercantile Exchange (CME) has launched a settlement service.

31 March 2008

News/Trade execution

Bats to launch in Europe

US-based Bats Trading, the all-electronic alternative to Nasdaq and Nyse, has confirmed it is planning to launch its platform in Europe later this year and compete with the region's domestic stock exchanges.

31 March 2008

News/Trade execution

LiquidityHub shuts down

LiquidityHub, the central fixed income pricing aggregator for swaps trading backed by 16 dealers, has been shut down just five months after going live.

28 March 2008