Nasdaq OMX Fines Morgan Stanley for Electronic Trading Error

The Disciplinary Committee of Nasdaq OMX Stockholm has fined Morgan Stanley International roughly $56,000 for botched trading involving algo software and direct access to the market.

TRADING PACES: Deutsche Boerse Reduces Equity Clearing Fees

Deutsche Boerse reduces equity clearing fees. Zayo enhances Chicago-Seattle low-latency route. IRESS deploys Platform Equinix. CITIC Securities Co. selects Progress Apama.

SEC Recommends Changes in Accounting for Derivatives

The Securities and Exchange Commission has passed along a request to the Financial Accounting Standards Board that it consider making changes in how to account for derivatives contracts designated as hedging instruments.

Investors Give $2.4B Snub to U.S. Stock Funds

For the week ended May 9, investors pulled an estimated $2.41 billion from U.S. stock mutual funds. Since the beginning of the year, the funds have lost more than $34 billion in outflows.

MoneyMate Enhances ProductMaster

Investment data quality management provider MoneyMate has released an update of its Client Service Offering, featuring an enhanced reporting and a web-based helpdesk to encompass all four dimensions of data quality: timeliness, completeness, accuracy and consistency.

Bonaire Unveils Enhanced REVPORT

Bonaire Software Solutions, LLC has released version 9.0 of its revenue & expense management and fee billing software, REVPORT.

NYSE, Chinese Futures Firm to Develop Markets on 3 Continents

NYSE Euronext said it signed a memorandum of understanding with the China Financial Futures Exchange to develop futures and options markets in China, the United States and Europe.

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