Trade execution

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/Trade execution

Equiduct in talks to take on Nasdasq OMX Neuro business

European electronic exchange venue Equiduct has moved to take advantage of Nasdaq OMX's decision to shut its Neuro MTF, entering into exclusive talks to migrate clients to its platform.

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FIA makes DMA risk management recommendations

The Futures Industry Association (FIA) has set out recommendations devised to help manage the risk related to direct market access to exchange networks.

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Technology, not regulation, key to fighting insider trading - survey

Insider trading is a systemic risk that is largely immune to regulation and instead needs to be tackled culturally and technologically, according to a survey of UK market players by MPI Europe.

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Nasdaq OMX waves white flag on pan-European ambitions

Nasdaq OMX is to shutter its pan-European Multilateral Trading Facility Neuro, marking the first signs of a forecast contraction in the crowded MTF market.

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LSE bid for high-frequency traders mocked by Bats

The London Stock Exchange's decision to change its tariff structure in a bid to win back high-frequency traders just months after scrapping an earlier scheme has been ridiculed by rival outfit Bats Europe.

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Thomson Reuters sets up mobile apps challenge

Thomson Reuters is challenging developers in an international competition to create innovative mobile apps for financial professionals.

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Thomson Reuters unveils high-speed global network

Thomson Reuters has unveiled a global high-speed data distribution network and hosting environment designed to enable financial firms around the world to access and share information.

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Turquoise to make 'big bang' migration from Cinnober to Millennium technology

The London Stock Exchange is planning a 'big bang' migration of the core Turquoise trading platform from Cinnober technology to the new Millennium Exchange trading system later this summer.

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CME sues Canadian FX broker over trademark infringement

The CME is suing a Canadian foreign exchange broker, accusing it of trademark infringement and cybersquatting relating to the Globex name, according to Crain's Chicago Business.

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Athens Exchange seeks tenders for market surveillance system

The Athens Exchange (Athex) has sent out a call for bids to provide it with a new market surveillance system.

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SEC to introduce large trader reporting system

The US Securities and Exchange Commission is to formally propose a new rule that would require bulge bracket trading firms to register their identities and disclose their trades to market authorities.

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Andrew Douglas quits Swift for DTCC

Andrew Douglas has quit the Brussels-based banking co-operative Swift to join the Depository Trust and Clearing Corporation, where he will lead the US depository's public affairs efforts in Europe.

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Thomson Reuters turns to the Web for markets overhaul

Thomson Reuters is set to launch a major overhaul of its markets division that will see the creation of a simplified product set based upon Web-based technology standards.

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Turquoise and Nyse Arca Europe to offer US equity trading

Nyse Euronext and the London Stock Exchange are battling to become the first bourses to begin offering customers trading in US equities during European hours.

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Nasdaq OMX to launch electronic Nordic Fund Market

Nasdaq OMX is to launch a new Nordic Fund Market (NFM) to provide an electronic alternative to manage the transactions between fund distributors and fund management companies.

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Flatley displaces Wise and Close as CEO and president of Netik

Rob Flatley, the former head of Autobahn equity at Deutsche Bank, has been named CEO and president of securities data management outfit Netik, ousting long-term CEO and co-founder John Wise and incumbent president Colin Close.

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Hollywood and politicians join forces to oppose film futures exchanges

A coalition of Hollywood players and politicians have joined forces to oppose two new electronic futures exchange for trading movie box office receipt contracts.

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FSA slaps £4.2 million fines on three firms for transaction reporting breaches

The Financial Services Authority (FSA) has fined Credit Suisse, Getco and Instinet a total of £4.2 million for transaction reporting failures.

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SEC considers electronic tagging of high-frequency traders - WSJ

The US Securities and Exchange Commission is considering the electronic tagging of trades conducted by automated trading shops in an effort to keep tabs on the activities of high-frequency traders.

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SunGard strikes CEP deal with Streambase; CEO refutes M&A speculation

SunGard is to integrate complex event processing technology from Streambase into its trading applications, fuelling speculation about the potential for a future tie-up between the two firms.