Latest Trade execution News: Finextra Research

Liffe confirms clearing house plan

London-based derivatives exchange Liffe has confirmed plans to establish its own clearing house and says it will renegotiate contract terms with its current supplier LCH.Clearnet.

26 March 2008

News/Trade execution

Rainbow in talks with LSE over EDX

Rainbow - the European exchange being set up by investment banks - has approached the London Stock Exchange about taking over the bourse's EDX derivatives business and making it the basis of its new trading platform.

25 March 2008

News/Trade execution

E-trading driving FX markets - CME Group

FX traders expect electronic trading growth to gain momentum faster than previously expected, says a global survey released by CME Group which predicts that on average, more than 80% of all cash business will be executed electronically in 2010.

19 March 2008

News/Trade execution

Turquoise names Peter Gibbs non-executive chairman

Turquoise, the bank-backed equities trading facility, has appointed Peter Gibbs as non-executive chairman of its board of directors.

19 March 2008

News/Trade execution

Nasdaq OMX to launch pan-European market for blue chips

Newly-merged market operator Nasdaq OMX has disclosed plans to launch a pan-European trading and routing platform for the most actively traded blue chip stocks.

19 March 2008

News/Trade execution

ICE claims victory in Nymex copyright case

US market operator IntercontinentalExchange (ICE) is claiming victory in a long-running legal battle with the New York Mercantile Exchange (Nymex) over the use of the latter's settlement prices.

18 March 2008

News/Trade execution

CME seals Nymex deal

CME Group has confirmed that it is acquiring The New York Mercantile Exchange (Nymex) in a cash and stock deal worth around $9.4 billion.

17 March 2008

News/Trade execution

Nyfix launches European dark liquidity ATS

US trading technology vendor Nyfix has launched its Euro Millennium platform, a UK regulated multi-lateral trading facility (MTF) for non-displayed liquidity in pan-European listed cash equities.

17 March 2008

News/Trade execution

ESpeed shareholders approve BGC merger deal

Stockholders in fixed income trading network eSpeed have overwhelmingly approved the company's merger with brokerage BGC Partners.

14 March 2008

News/Trade execution

Nyse Arca provides routing to dark liquidity

Nyse Euronext says it is launching a new "routing and price improvement service" that will provide users of its Arca electronic trading platform with access to non-displayed liquidity.

13 March 2008

News/Trade execution

Eurex to establish US options trading link

European derivatives exchange Eurex says it will establish a transatlantic trading and clearing link that will enable its customers to access options products at the New York-based International Securities Exchange (ISE), which it acquired last year.

13 March 2008

News/Trade execution

Credit Suisse licenses TT's X_Trader

Chicago-based Trading Technologies says Credit Suisse Prime Services has signed a global software licensing agreement for its order entry software, X_Trader.

12 March 2008

News/Trade execution

New futures exchange named ELX

The new electronic futures exchange being set up by a group of banks and trading firms to take on the Chicago Mercantile Exchange will be named ELX Electronic Liquidity Exchange.

12 March 2008

News/Trade execution

FSA warns on rogue trader risks

The UK's Financial Services Authority (FSA) is calling on City banks to tighten up systems and controls in order to prevent a repeat of the rogue trading scandal at French bank Société Générale.

11 March 2008

News/Trade execution

Carbon trading offers major opportunity for broker-dealers - TowerGroup

Broker dealers seeking new, high margin products will increasingly look to carbon emissions trading but will need to invest in technology if they are to take advantage of this growing market, according to research from analyst house TowerGroup.

11 March 2008

News/Trade execution

LCH.Clearnet backs down on SIS x-clear access

LCH.Clearnet has backed down in its stand-off with Swiss central counterparty SIS x-clear over free access to the London Stock Exchange's equity business as required under the EC's voluntary code of conduct but has attacked European rivals for failing to cooperate.

10 March 2008

News/Trade execution

US study shows 55+ venues competing for equities e-trading business

There are more than 55 different execution venues competing to match buyers and sellers and trade equities electronically in the US, according to a new report from analyst group Tabb.

06 March 2008

News/Trade execution

Euroclear establishes IT division

European depository Euroclear is establishing a "project delivery services" division that will manage the generic technology operations that support its projects and programmes.

06 March 2008

News/Trade execution

MarketAxess buys FIX outfit Greenline Financial Technologies

US electronic bond trading network MarketAxess has acquired Chicago-based FIX specialist Greenline Financial Technologies in a cash and stock deal worth around $42 million.

06 March 2008

News/Trade execution

Reuters profit falls ahead of merger

Reuters has posted a 13% fall in full year pre-tax profit in its final set of results as a standalone company, but says indications for 2008 are encouraging despite the uncertain market environment.

06 March 2008