ISE insider trading

Three charged with insider trading in ISE-Eurex deal: Chicago Tribune
John Marshall, the vice-chairman of International Securities Exchange, and two other men have been charged with insider trading before ISE’s merger with Eurex last year, officials said on Thursday.
The US attorney’s office in Manhattan said Marshall and financial consultants Alan Tucker and Mark Larson have been [...]

State Street Extends Commission Management Services Through Acquisition

State Street Extends Commission Management Services Through Acquisition
State Street Global Markets announced that it has expanded its commission management services through the acquisition of software provider Financial Sockets. The investment research and trading arm of State Street Corp. said the deal allows it to offer clients an end-to-end solution to better manage commission flows, address [...]

Arca Beats Nasdaq to Dark Pools

Arca Beats Nasdaq to Dark Pools
NYSE Arca beat Nasdaq to the punch. On Wednesday, Arca announced a price improvement and routing service that gives users access to order flow in 29 pools of non-displayed liquidity. Both Arca and Nasdaq have been working on similar initiatives for the past several months, according to executives at both [...]

Finextra: Eurex to establish US options trading link

Finextra: Eurex to establish US options trading link
European derivatives exchange Eurex says it will establish a transatlantic trading and clearing link that will enable its customers to access options products at the New York-based International Securities Exchange (ISE), which it acquired last year.

Speed of Trading Leaves Some Traders Behind

Speed of Trading Leaves Some Traders Behind
The speed of trading is getting so fast that trading in microseconds is expected to soon become a reality. The trend promises to benefit some traders at the expense of others.
With algorithmic traders demanding faster turnaround times, exchanges and ECNs are beefing up their trade processing capacity. Turnarounds under [...]

Finextra: Nyse Arca provides routing to dark liquidity

Finextra: Nyse Arca provides routing to dark liquidity
Nyse Euronext says it is launching a new “routing and price improvement service” that will provide users of its Arca electronic trading platform with access to non-displayed liquidity.

CME Group plans employment futures contracts – Chicago Tribune

Press Digest from Financial News Online US
The CME Group will launch a futures contract on the employment numbers released monthly by the US government, one of the key indicators of economic conditions.

Dealer Criticizes Mifid Over UK Stock Liquidity

Financial News and Information from Financial News Online US
Mifid allows trade reporting up to three days after a trade is executed, meaning some reports are produced later in London than they were before Mifid became law on November 1 last year.
Mifid, which was meant to lower the cost of European equity trading and boost demand [...]

NYSE-BIDS Joint Venture Reveals Crossing Plans

NYSE-BIDS Joint Venture Reveals Crossing Plans
The New York Stock Exchange’s dark pool joint venture with the parent company of BIDS Trading is expected to be up and running by summer. The planned exchange facility, which requires Securities and Exchange Commission approval, will attempt to match non-displayed blocks sitting in the crossing facility, posted liquidity on [...]

Dark liquidity brews perfect storm for Nyfix – Luke Jeffs

Financial News and Information from Financial News Online US
NYSE Euronext, the world’s largest stock exchange group, is due to launch Project SmartPool, its dark liquidity system, which it is developing in conjunction with investment banks BNP Paribas and HSBC, before the end of June.
Turquoise, the putative trading system backed by nine investment banks, plans to [...]