News

Reuters tags news for clients to feed into automated trading programmes

Reuters is attempting to take news-driven trading to a new level by tagging news items so that they can be read by computers and fed into automated trading programmes. Reuters NewsScope Real-time will let Reuters clients use Reuters live news content to drive automated trading and respond to market-moving events as t

LSE confirms rejection of Nasdaq's final offer

The Board of the London Stock Exchange Group plc yesterday published its formal rejection of Nasdaq's final order. The Board rejected the offer because its members felt it substantially undervalued the Exchange. "The transatlantic deal between the New York Stock Exchange and Euronext has meant that Nasdaq is under pr

FutureTrade launches multi-asset class and cross-border trading platform

FutureTrade, a provider of integrated electronic equity, option and algorithmic trading services, announced the release of its Version 4.0 trading platform yesterday. Version 4.0 includes direct access to international equity markets and improved integration of equity and options trading facilities. "Our clients have

ISE launches fully displayed stock market

The International Securities Exchange (ISE) announced yesterday that the launch of its fully displayed stock market on Friday, December 8, was successful. The ISE Stock Exchange is a completely automated market place that offers high-speed order execution capabilities, neutral access rules and integrated access to bot

Sifma finds electronic bond-trading volumes are soaring

The take-up of electronic trading in global fixed income markets accelerated sharply in 2006, according to the annual Securities Industry & Financial Markets Association (Sifma) survey. The data revealed that 74% of operators of electronic trading systems for fixed income securities witnessed an increase in trading v

Electronic bond trading up sharply in 2006, says Sifma survey

The take-up of electronic trading in global fixed income markets accelerated sharply in 2006, according to the annual Securities Industry & Financial Markets Association (Sifma) survey. The data, which was compiled from more than sixty operators of electronic trading systems for fixed-income securities in the US, Eur

Managed Funds Association pledges support for dealer initiative to increase automation and standardisation in the equity derivatives markets

The Managed Funds Association (MFA), the trade association for US hedge funds, has pledged its support for the recommendations on equity derivatives practices set out by a group of 17 US broker dealers in a letter of 21 November to the Federal Reserve Bank of New York and other US securities and derivatives markets re

Markit Group to price loan credit default swaps

Markit Group, which provides OTC derivatives valuation and trade processing services, has extended its pricing service to loan credit default swaps (LCDS). Markit says LCDS was launched in response to strong interest in the nascent LCDS market from dealers and institutional investors wishing to take synthetic exposur