Posts Tagged ‘Electronic Trading’

Stock Index Rollover Begins Today

Thursday, March 11, 2010 is the start of stock index futures roll-over at both CME Group and ICE Futures U.S.

Rollover is when a new contract month becomes the dominant contract in terms of new volume, for both pit (open outcry) and electronic trading sessions.

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UBS to launch new electronic trading facility in Europe

Financial services provider UBS is to launch a “dark pool” Multilateral Trading Facility (MTF) to allow cross trading in Europe.

According to the firm, UBS MTF will work alongside the existing UBS Price Improvement Network (UBS PIN) by offering a wider array of liquidity to its members.

The MTF is still awaiting regulatory approval and will be based on a Central Counterparty (CCP) model, which will allow investors to mitigate certain amounts of risk.

Dr Robert Barnes, head of Market Structures at UBS Investment Bank, said: “As we developed the architecture and interactivity model for UBS MTF, we were committed to greater simplicity, lower transaction costs and reduced market impact.

“As a global bank and one of the top equities trading firms, we aim to leverage our broad and deep market experience to help us to bring innovation, quality liquidity and a unique value proposition to our clients.”

All completed transactions will be reported in real-time to Markit Boat following the trade.

Previously, global investment bank Nomura announced the launch of NX MTF in December 2009, the first broker-owned dark pool MTF of its kind.

Book : Too Good to Be True: The Rise and Fall of Bernie Madoff

When Bernie Madoff’s $65 billion Ponzi scheme unraveled at the end of 2008, many in the industry wondered how he did it, how otherwise savvy investors were lured into it, and how regulators failed to stop it.

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Orange Business Services – Trading Solutions launches Mobile Call Recording Platform in Asia Pacific

Orange Business Services – Trading Solutions, the leader in convergent voice and electronic trading infrastructure and services for the trading communities, today announced the release of its innovative mobile call recording platform, which enables secure trading via mobile phones.

Orange Business Services - Trading Solutions launches Mobile Call Recording Platform in Asia Pacific
Henri Vautheny, Vice President

The call recording solution is designed with compliance requirements in the forefront and is both secure and cost effective.

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Little-known Getco is key player in high-frequency trading

Getco LLC might not be a household name, but the private Chicago-based company with fewer than 250 employees is one of the largest players in high-frequency trading, often accounting for as much as 20% of daily trading volume of many stocks.

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E-mini Gold and Silver Futures – Now Trading on CME Globex

Smaller Gold and Silver Futures, More Possibilities for Your Portfolio

E-mini Gold and E-mini Silver futures are now available on CME Globex. The contracts are roughly 1/3 and 1/5 of the standard contracts, which serve as the global benchmarks for gold and silver pricing. At 33 troy oz.

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CBOE profit down 21% last quarter

Chicago Board Options Exchange profit fell 21% last quarter as CEO William Brodsky plowed money into developing an all-electronic trading outpost even as volume dropped on the CBOE’s existing platform.

Net income dropped to $24.3 million in the first quarter, from $30.6 million a year earlier, the CBOE said in a memo to members Friday.
Revenue fell 5% to $98.6 million, after 12 straight quarters of double-digit gains, as trading declined 3%.

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Electronic Foreign Exchange: Booming in Crisis

In the midst of the global financial crisis, electronic foreign exchange experienced a boom in 2008, with overall e-forex trading volume surging 37% year-on-year.

Foreign exchange markets the world over have been lifted by historic levels of volatility and by the inflow of investors seeking liquid markets and “plain vanilla” assets.

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Iraq Stock Exchange Goes Electronic

The Iraq Stock Exchange has launched electronic trading for five of the exchange’s 91 companies.

The system was paid for with a $6.5 million grant from the U.S. government and has taken three years to install, the Wall Street Journal reported.

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