1492 articles tagged with this keyword
News/Dealing rooms
Risk systems did pick up suspect activity at UBS related to the recent loss of $2.3 billion through unauthorised trading but the information was not properly acted on, according to an internal investigation. Meanwhile, the bank's co-heads of global equities have resigned over the scandal.
06 October 2011
Hacker collective Anonymous has threatened to 'erase' the New York Stock Exchange from the Internet in support of the Occupy Wall Street protests in Manhattan.
04 October 2011
UK screen-dealing software house Patsystems has issued a profits warning as sales to emerging exchanges are hit by economic and financial turmoil.
03 October 2011
The global regulatory push to centrally clear over-the-counter derivatives has started a "technological revolution" that provides a big opportunity for vendors, according to a report from Tabb Group.
29 September 2011
Thomson Reuters is to break up its gargantuan Markets and Professional divisions in favour of smaller and more focussed business units as part of a major restructuring of the company that has already seen the exit of a number of senior staffers.
28 September 2011
High frequency trading is changing the ecology of the foreign exchange markets, with implications for its resilience in times of stress, a high-level central bankers' committee has concluded.
The London Stock Exchange appears set to beat off competition from Markit to take over LCH.Clearnet after securing backing from the clearer's board for a deal.
27 September 2011
Corporate pranksters the YesMen have denied speculation that the independent trader who provoked an outcry yesterday with a BBC interview in which he claimed "Goldman Sachs rules the world" may have been a hoaxer from the activist collective.
ITRS Group, a provider of real-time monitoring systems to the financial services sector, has been acquired by asset manager Carlyle Group in partnership with its founders and management. Financial terms were not disclosed.
26 September 2011
The London Metal Exchange (LME) says it has received "several expressions of interest" that could lead to a takeover. CME Group, IntercontinentalExchange and SGX are all said to be in the running.
Thomson Reuters has agreed to sell its trade and risk management technology business to Vista Equity Partners. Financial terms of the deal were not disclosed.
23 September 2011
The Securities and Exchange Commission has charged money manager AXA Rosenberg's co-founder with securities fraud for concealing a computer code error in a quantitative investment model he developed, costing clients millions of dollars.
22 September 2011
Online collaboration community Hub Culture is to make its Ven digital currency product available on Thomson Reuters data network and desktop terminals globally.
21 September 2011
Leading banks have expressed their disappointment at yesterday's news that Target 2 Securities (T2S), the European Central Bank's plan to streamline Europe's securities settlement structure, has been delayed yet again.
The ECB has called on central securities depositories (CSDs) to 'efficiently reshape' their IT infrastructure in order to integrate to the T2S platform, its proposed pan-European settlement service which has encountered further delays amid foot-dragging by CSDs and protracted arguments over costs and pricing.
OTC derivatives processing services firm MarkitServ has agreed to buy UK post-trade software vendor Logicscope. Financial terms of the deal were not disclosed.
The European Central Bank has once again been forced to push back the deadline for implementation of Target2 Securities, the Eurosystem's ambitious but controversial project to harmonise Europe's securities settlement structure.
20 September 2011
Kweku Adoboli, the UBS trader allegedly responsible for losses of $2 billion in unauthorised trades, has been charged with fraud.
16 September 2011
The British government is to sue the European Central Bank over draft regulations that would force major clearing houses to relocate their operations away from the City of London.
15 September 2011
UBS says it has discovered a potential loss of $2 billion thanks to unauthorised trading by an employee at its investment bank.
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