EMS and OMS: Integration on the Horizon

EMS and OMS: Integration on the Horizon? by Advanced Trading
The use of trading technology reaches back to the early 1990s to the introduction of the order management system (OMS). The OMS substantially consolidated error-prone, paper-intensive trading processes prevalent at many firms into easily manageable electronic trading blotters. The benefits realized, the OMS evolved into the [...]

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 [...]

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 [...]

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 [...]

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 [...]

Deluged by data – David Bannister: Banking Technology

Coping with the rapidly increasing amount of data pouring into their systems is becoming a big headache for trading firms. There’s more of it, it’s happening more often, it’s expensive, and it’s becoming unmanageable: financial data – pricing, reference, static, validated and counterparty data.
Globally, the cost of this data was $23.0 billion in 2007 and [...]

Europe’s Post-Trade Battle: Efforts gear up to ease cross-border trading :: Nina Mehta

Traders Online: The stock dealers and institutional traders complete interactive news and information service of Traders Magazine
Currently, every European country has a central securities depository (CSD) for settling trades. And most have their own central counterparty (CCP) or clearinghouse to clear domestic trades. Within a country, these organizations are often tied-by rules, regulatory fiat or [...]

Bobsguide – Point Nine Financial Technologies signs up London arm of a major Swiss based hedge fund for multi – asset Middle Office services

Bobsguide – Point Nine Financial Technologies signs up London arm of a major Swiss based hedge fund for multi – asset Middle Office services
Point Nine announced today it will handle all post trade processing across the entire product suite including equities, interest rates, loans, FX, options, futures and credit derivatives of one of the UK’s [...]