Latest Dealing rooms News: Finextra Research

News/Dealing rooms

Xignite raises $10m to push market data in the cloud

Market data cloud provider Xignite has raised $10 million in a series b funding round led by StarVest Partners.

13 September 2011

News/Dealing rooms

Orc shuts Neonet New York desk

Swedish fintech vendor Orc Software is shutting down the New York trading desk of its troubled agency brokerage Neonet.

13 September 2011

News/Dealing rooms

Institutional investors troubled by HFT - survey

More than two thirds of institutional traders around the world are concerned about the impact of high-frequency trading (HFT) on the equities market, according to a survey from Liquidnet.

12 September 2011

News/Dealing rooms

Robot traders set to oust humans from the trading floor

The number of human traders employed in the financial markets is set to fall dramatically over the next ten years as banks and brokers become increasingly reliant on computer-based algorithms to run their trading operations. This is one of the early conclusion of the UK Government's Foresight panel, which was assembled to study the implications of high frequency trading on the economy.

08 September 2011

News/Dealing rooms

Broadridge targets buy-side with Paladyne acquisition

Broadridge Financial Solutions has acquired buy-side technology and services outfit Paladyne Systems for around $76.5 million.

08 September 2011

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Plus launches technology arm; calls on Misra for advice

UK trading venue Plus Markets has established a technology arm, Plus Trading Solutions, to sell white-labelled matching engines to European investment banks and brokers.

07 September 2011

News/Dealing rooms

Real-time risk gaps exposing institutions to intraday dangers

Financial institutions are struggling to calculate market and credit risk in real time, posing an intraday risk to their business operations, according to research carried out by analytics vendor Quartet FS.

06 September 2011

News/Dealing rooms

Cloud computing and SaaS on the agenda at City Post-Trade Forum

City luminaries will gather at the London Stock Exchange later this month to debate the future of back office outsourcing in an era of cloud computing and software-as-a-service technology models in the latest Finextra Post-Trade Forum event.

02 September 2011

News/Dealing rooms

LSE confirms talks with LCH.Clearnet

The London Stock Exchange has confirmed that it has made a majority bid for European independent clearing house LCH.Clearnet, opening up a bidding war with post-trade data group Markit.

02 September 2011

News/Dealing rooms

Hedge fund sues boss's wife for hacking computer

A New York hedge fund is suing the wife of its boss for $25 million, accusing her of hiring a firm to hack into a computer at their house and copy files, including "proprietary algorithms and investment strategies".

01 September 2011

News/Dealing rooms

FIA 'shocked and outraged' after Senator leaks oil trading data

The Futures Industry Association (FIA) says its members have been "shocked and outraged" by the leaking of confidential oil trading data by a US senator.

31 August 2011

News/Dealing rooms

Bloomberg taps consumer sentiment for equity analytics

Bloomberg is to begin offering traders social media analytics as a real-time sentiment indicator for stocks heavily influenced by consumer opinion.

31 August 2011

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Citadel gets restraining order against employee it says stole data

Hedge fund Citadel has been granted a temporary restraining order against an employee it says transferred "massive amounts of highly confidential" information from its computer systems to external devices.

31 August 2011

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Finra issues more social media guidance

US regulatory body Finra has set out its latest guidance to securities firms and brokers on the use of social media sites such as Facebook, Twitter and LinkedIn.

24 August 2011

News/Dealing rooms

Regulators seek to plug derivatives data gaps

Global regulators have set out plans for reducing the "data gaps" in OTC derivatives trading that are hitting efforts to assess systemic risk in the market.

24 August 2011

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MarketAxess considers sale - WSJ

Electronic bond trading network MarketAxess is considering selling itself after receiving expressions of interest, according to the Wall Street Journal.

17 August 2011

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Ex-City minister calls for HFT probe

After a week of extreme market volatility, former City minister Lord Myners has called on the UK government to investigate high-frequency trading.

15 August 2011

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SEC launches whistleblower Web page

The Securities and Exchange Commission (SEC) has launched a whistleblower Web page where staff can leave tips about securities law violations and apply for cash rewards.

15 August 2011

News/Dealing rooms

Open protocol for managing hedge fund risk launched

Albourne Partners and Thomson Reuters have issued a new protocol that standardises how hedge funds collect, collate, and convey risk information.

11 August 2011

News/Dealing rooms

JPMorgan lifts the lid on GPU-led performance breakthrough

JPMorgan is taking advantage of graphic processors from Nvidia to deliver a 40% increase in the speed of its risk calculations, as part of a three-year plan to cut computation data costs by 75%.

11 August 2011