Latest Regulation & Compliance News: Finextra Research

Infolect glitch hits LSE trading

The London Stock Exchange (LSE) was forced to extend trading by over an hour yesterday after a technical issue with its real-time data delivery application Infolect threw the market into confusion.

08 November 2007

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Algorithmic trading to drive e-fx volumes - Tabb

Increasing use of rules-based automated technology will result in as much as 80% of global foreign exchange trading being conducted electronically by 2010, up from 62% at the end of 2006, according to new research from analyst group Tabb.

07 November 2007

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Industry-wide effort needed to standardise reference data - TowerGroup

Little progress has been made in standardising reference data and inconsistencies continue to pose a significant challenge for securities firms around the globe, according to a new TowerGroup report.

06 November 2007

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French firms subscribe to Avox MiFID classification service

French firms Calyon, CM CIC Securities and Société Général Corporate and Investment Banking have signed up to the MiFID classification service provided by Deutsche Börse subsidiary Avox.

05 November 2007

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More liquidity moving to the dark side - EdgeTrade

The seepage of liquidity away from traditional execution venues to internal dark trading pools is continuing unabated according to share trading data released by US electronic broker EdgeTrade.

02 November 2007

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CLSA beefs up e-trading platform with Tibco

CLSA Asia-Pacific Markets, a Hong Kong-based subsidiary of Credit Agricole, is using technology from California's Tibco Software to re-vamp its dealing platform in order to support increasing use of algorithmic trading methods.

02 November 2007

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Tibco signs Colombia Stock Exchange

Bolsa de Valores de Colombia - the Colombia Stock Exchange - is implementing technology from California-based Tibco Software to support its integration, messaging and service-oriented architecture (SOA) initiatives.

30 October 2007

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Nyse drops curbs on program trading

The New York Stock Exchange (Nyse) is set to drop a rule limiting program trading which was put in place after the 1987 crash on grounds that it is no longer effective in preventing market volatility.

29 October 2007

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MiFID uncertainty haunts capital markets firms

The vast majority of financial services firms - 93% - do not believe that MiFID will be consistently implemented and enforced across the member states involved, according to research released by UK-based ea Consulting Group.

24 October 2007

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Nyse Euronext partners HSBC and BNP Paribas for European block trading venture

Transatlantic exchange operator Nyse Euronext is teaming with investment banks HSBC and BNP Paribas to establish an electronic block trading platform for European listed stocks, dubbed Project SmartPool.

24 October 2007

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Reuters introduces new MiFID instrument code

With just 10 days to go until the implementation of the EU's Markets in Financial Instruments Directive (MiFID), Reuters is introducing a new instrument code which will enable its clients to quickly see the best bid and offer price on major stocks, wherever they are quoted.

22 October 2007

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US bank spending on Basel II to top $1bn in 2009 - study

US bank spending on Basel II-related risk management IT will increase 30% over the next two years to exceed $1bn in 2009, according to Boston-based research consultancy Aite Group.

22 October 2007

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