Trade execution

2055 articles tagged with this keyword

/Trade execution

EC initiates antitrust case against S&P

The European Commission (EC) has opened formal proceedings against Standard & Poor's (S&P) to look into whether the US firm abused its dominant market position by forcing financial firms to pay for the use of US securities numbering codes when accessing data from third party vendors.

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Deutsche Börse maintains silence as Neonet confirms take-over talks

Swedish agency broker and systems supplier Neonet has confirmed it is in takeover talks. The confirmation comes a day after German newspaper Handelsblatt reported that Deutsche Börse was lining up a bid.

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VisaNet Brazil extends IPO deadline

Visa and a consortium of Brazilian banks have postponed a planned IPO of the national VisaNet system, according to a late-December filing with the country's securities regulator.

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Deutsche Börse to buy financial news agency from Xinhua

Deutsche Börse is to acquire the US-based financial news agency Market News International (MNI). A purchase agreement was signed last Friday. Market News International will become a 100 per cent subsidiary of Deutsche Börse for US$10 million in cash. The transaction is expected to close by the end of January 2009, subject to approval of the German competition commission (Bundeskartellamt).

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Nyse Euronext to manage exponential data growth with Greenplum

Nyse Euronext has selected a Greenplum Database to quickly process the high volumes of data produced by its exchanges on a daily basis. The transatlantic exchange will be using Greenplum technology to enable strategic reporting and other business intelligence applications.

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Euroclear to introduce ISO 200022-approved corporate actions standard

Euroclear is to introduce a new set of ISO 200022-compliant messages for the exchange of corporate actions information and instructions between central securities depositories and issuer-appointed agents,

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MF Global to exit US Futures Exchange

MF Global is to write off its 48% stake in ailing US Futures Exchange, spurring the mart to a last ditch effort to find a buyer for the business before the year end.

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Glitch knocks out TSX

Trading on the Toronto Stock Exchange and the small-cap TSX Venture Exchange is expected to resume Thursday morning after a technical glitch with data feeds shut both down for the whole of Wednesday.

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Nyse Euronext begins migration to Universal Trading Platform

Nyse Euronext has begun moving over to its new Linux-based multi-asset class, Universal Trading Platform (UTP) with the migration of European bond products.

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Nasdaq OMX names PHLX CIO William Morgan SVP, human resources

Nasdaq OMX has appointed former Philadelphia Stock Exchange chief information officer William Morgan as senior vice president, global human resources.

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Big Blue scores with Friends Provident and the Chilean Stock Exchange

UK life and pensions outfit Friends Provident has inked a 10 year, £200 million, IT and infrastructure services outsourcing deal with IBM.

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Instinet execution data shows 'MTF effect' on European share trading

The success of new alternative European trading venues in winning business away from incumbent domestic exchanges has been demonstrated in the latest batch of execution figures released by Instinet Europe covering the 12 months since the introduction of the Markets in Financial Instruments Directive (MiFID).

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JSE wins support for revised Bond Exchange tender

The Johannesburg Stock Exchange has reached agreement to buy the Bond Exchange of South Africa after raising its initial offer price by 39% from R173 million to R240.58 million.

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Cantor speculates on box office entertainment

Cantor Fitzgerald has filed an application with regulators to launch an exchange that will allow users to hedge and speculate on the financial performance of movies.

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Investment managers call for urgent UK reform following Lehman 'chaos'

The UK's Investment Manager's Association has called for urgent reform of stock trading and settlement rules after the 'chaos' inflicted on the markets by an escalation in failed trades following the overnight collapse of Lehman Brothers.

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Icap hires Daemon Bear to head dark pool MTF for stock trading

Interdealer broker Icap is planning to launch an alternative stock trading platform in the second half of 2009, according to Bloomberg.

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Markit releases MiFID fragmentation analysis

Financial information outfit Markit has combined with eleven top dealers to provide a consolidated source of aggregated data on market activity and liqudity across fragmenting European trading destinations.

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London Stock Exchange set to oust Nasdaq OMX in Norway

The London Stock Exchange has executed a daring raid on the 'home' turf of Nasdaq OMX, after signing a letter of intent with Oslo Børs to establish a strategic partnership and provide a new trading system.

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Buy side shys away from block crossing as volatility increases - Tabb

Market volatility is forcing US equity trader to change their execution strategies, contributing to a marked decline in block trading over crossing networks, notes a new report from analyst group Tabb.

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UBS to switch clearing to SIS X-Clear

UBS is set to become the first London Stock Exchange client to switch its clearing from incumbent provider LCH.Clearnet to Switzerland's X-Clear, under a new competitive clearing regime introduced by the LSE in September.