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Irish Stock Exchange and Deutsche Borse Agree on Technology Partnership
The Irish Stock Exchange (ISE), in an effort to attract more foreign members and make its stocks more visible, has signed a letter of intent to trade all of its products on the Deutsche Borses (DBs) Xetra trading platform.
NYMEX Eyes Acquisition of BrentBroker.com
The New York Mercantile Exchange (NYMEX) is evaluating whether it should purchase a stake in BrentBroker.com, a soon-to-be-launched over-the-counter electronic communications network (ECN) covering the energy market.
A Conversation With Harley Lippman
This month, WS&T senior editor Robert Sales picked the brain of Harley Lippman, president and chief executive officer of Genesis 10, a software development and technology consulting firm specializing in e-commerce solutions.
BOTCC, Eurex Will Survive CBOT Restructuring
In late January, the Chicago Board of Trades board approved a demutualization plan that calls for the exchange to separate its open outcry and electronic trading businesses.
BrokerTec Eyes NYMEX, BOTCC for Clearing Services
The New York Mercantile Exchange (NYMEX) and the Board of Trade Clearing Corp. (BOTCC) are both in the running to provide clearing services and software to BrokerTec Global LLC.
Talarian and Sound Financial Integrate Products for Distribution Framework
Talarian Corp. and Sound Financial Technologies have teamed up to deliver an advanced system for electronic information distribution in the financial services community.
European Energy Community Pays $10.5M to Snag Majority Stake in EEX
The board of the Eurex-owned European Energy Exchange EEX has agreed to sell 52% of the soon-to-be-launched electricity market to a plethora of European energy sector companies.
CX Gets Green Light For Block Trading: Empowers Buy-Side Firms
In a decision that could heat up the battle for U.S. Treasury futures market share, the Cantor Exchange (CX) last week received permission from the Commodity Futures Trading Commission (CFTC) to perform block trades of its long bond and 10-year note futures products. The CFTCs approval will enable participants in CXs market to execute trades of 100 or more contractsfor the designated productsdirectly between each other, providing institutional investment managers with in
Liffe Nears All-Electronic Completion, Moves Forward with CME Alliance
The London International Financial Futures and Options Exchange (Liffe) and the Chicago Mercantile Exchange (CME) have scheduled March rollouts of two of the strategic initiatives they embarked upon after forming a partnership last summer.
Morgan Stanley and OM Build a New Online European Stock Exchange
Targeting retail brokerage firms that want to engage in cross-border trading, Stockholm, Sweden-based OM Group and Morgan Stanley Dean Witter last week teamed up to launch a new online European stock exchange.
Gateway Financial Set to Go Live with FIXChange.net
Gateway Financial Solutions is planning to go live on Wednesday with FIXChange.net, a network for connecting buy- and sell-side traders directly to independent floor brokers on the floor of the New York Stock Exchange.
DB Ponders Restructuring; Eyes Capital for ECNs and Clearing
Pending shareholder approval, the Deutsche Borse (DB) A.G. will restructure its ownershipeither via a private placement or an initial public offeringlater this year.
CSFB Rolls PrimeTrade FX Module
Targeting institutional investors who trade foreign exchange (FX) instruments, Credit Suisse First Boston (CSFB) has rolled out a FX module of PrimeTradeits Java-enabled front-end workstation application. Separately, CSFB has developed a PrimeTrade interface to the Austrian derivatives exchange, and is evaluating whether it should expand the front - end to cover options and emerging markets.
NexTrade Anticipates Exchange Status, Strikes Deal with Dreyfus
The NexTrade ECN has completed its formal application to become a for-profit stock exchange and is now awaiting final approval from the SEC. The proposed NexTrade Exchange is expecting to be operational by October of 2000, says Mark Yegge, CEO of NexTrade Holdings. In anticipation of gaining exchange status, NexTrade is teaming with BEA systems to build a high-volume stock trading system. NexTrade has also entered into an agreement with Dreyfus Brokerage Services to provide Dreyfus customers wit
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