Latest Trade execution News: Finextra Research

Patsystems beats expectations

Shares in screen dealing vendor Patsystems rose by more than ten per cent after the UK-based company beat market expectations with a 15% rise in revenue and 23% increase in pretax profit for the full year 2008.

10 February 2009

News/Trade execution

Quote MTF to enter pan-European trading market

The crowded European market for stock exchange trading will welcome another new liquidity platform in the coming months with the summer launch of Quote MTF, an upstart independent venue operating out of Hungary.

09 February 2009

News/Trade execution

Brazil's Ágora Corretora deploys Progress Apama for algo trading

Brazilian broker Ágora Corretora de Titulos e Valores Mobiliarios has rolled out Massachusetts-based Progress Software's Apama complex event processing (CEP) platform to support algorithmic equities trading.

06 February 2009

News/Trade execution

Korea Exchange doubles capacity, cuts latency on Unix platform upgrade

The Korea Exchange (KRX), the world's second largest derivatives exchange, has commenced member testing of a modern, faster version of its trading platform, in anticipation of a rise in business stemming from the introduction of the country's Capital Market Consolidation Act.

06 February 2009

News/Trade execution

Ex-Lehman man Rolet favourite for LSE chief role - FT

Former Lehman Brothers banker Xavier Rolet has emerged as the frontrunner to replace Clara Furse as chief executive of the London Stock Exchange (LSE), according to press reports.

06 February 2009

News/Trade execution

HSBC and JPMorgan join SwapClear; DTCC hits back at LCH.Clearnet critics

HSBC and JPMorgan have become shareholders of OTCDerivNet, the company which provides strategic direction to LCH.Clearnet's SwapClear service.

03 February 2009

News/Trade execution

SIX- x-clear and EMCF to offer competitive clearing

SIX x-clear and Dutch central counterparty EMCF have signed a Memorandum of Understanding to offer competitive clearing across multiple stock exchange venues.

03 February 2009

News/Trade execution

LSE to press on with Baikal build as solo venture; names Ryland as CTO

The London Stock Exchange has appointed Mark Ryland as chief technology officer of Baikal, its forthcoming pan-European dark liquidity trading venue.

03 February 2009

News/Trade execution

Icap-led consortium preps counter-bid for LCH.Clearnet

UK interdealer broker Icap is part of a consortium of firms mulling a bid for LCH.Clearnet, in a move that could destabilise an agreed takeover of the London clearing house by the US-based Depository Trust and Clearing Corporation.

02 February 2009

News/Trade execution

DTCC plans real-time trade guarantee

The Depository Trust & Clearing Corporation (DTCC) has outlined plans to implement a real-time trade date guarantee for equity and corporate and municipal bond transactions, as it looks to ease concerns among market participants over security of settlement.

29 January 2009

News/Trade execution

SmartPool greenlighted by FSA; to begin trading next week

SmartPool, the new multi-lateral trading facility (MTF) set up by Nyse Euronext, BNP Paribas, HSBC and JPMorgan, has received Financial Services Authority (FSA) approval to launch its dark pool for block trading in European stocks.

28 January 2009

News/Trade execution

Quadriserv and Eurex Clearing team on transatlantic CCP for securities lending

Eurex Clearing is partnering North America's Quadriserv to offer central counterparty (CCP) clearing and settlement services for securities lending of European equities.

27 January 2009

News/Trade execution

Nyse Euronext and Bids get SEC approval for block trading JV

Nyse Euronext and Bids Holdings are set to launch a block trading execution platform later this week, after receiving the greenlight from the Securities and Exchange Commission.

27 January 2009

News/Trade execution

Turquoise increases rebates for high volume traders

As the battle for market share in European stocks ramps up, bank-backed equity trading venue Turquoise says it will increase the rebates it pays to members for posting bids on its order books.

26 January 2009

News/Trade execution

Turquoise secures funding

Bank-backed equity trading venue Turquoise has raised enough money in a recent round of funding to secure its financial position for the rest of the year, the FT reports.

23 January 2009

News/Trade execution

European Commission ready to mandate central clearing for CDS deals - Reuters

The European Commission is set to introduce legislation forcing market participants to adopt central clearing of credit derivatives transactions, an anonymous source from the EU's executive body has told Reuters.

22 January 2009

News/Trade execution

EuroCCP makes move on Spain as Turquoise gears up for expansion

DTCC subsidiary European Central Counterparty (EuroCCP) is to extend its footprint to Spain next month, as it provides clearing and settlement support for the next stage in the expansion of the bank-backed Turquoise trading platform.

20 January 2009

News/Trade execution

Thomson Reuters launches consolidated tape

Thomson Reuters has launched a consolidated pan-European securities data feed in an effort to combat the fragmentation of market data prices under the MiFID regulatory regime.

19 January 2009

News/Trade execution

Neonet abandons takeover talks

Swedish agency broker and systems supplier Neonet has pulled out of take-over talks with an un-named counterparty and says that no offer has been received for the company.

16 January 2009

News/Trade execution

SWX Europe chief Hodgkinson quits

SWX Europe chief Lee Hodgkinson is quitting the Swiss-based SIX Group at the end of April to "pursue a new challenge".

14 January 2009