Dealing rooms

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/Dealing rooms

Swift and DTCC score big data management mandates

Financial messaging network Swift and the Depository Trust and Clearing Corporation (DTCC) have won two separate industry data management mandates, for the development of a Legal Entity Identifier (LEI) utility and electronic foreign exchange repository.

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Icap names Deutsche Bank's Price COO

Interdealer broker Icap has appointed Deutsche Bank veteran Mark Price as group chief operating officer.

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Fixnetix ponders sale options - FT

UK trading technology outfit Fixnetix is mulling a partial or full sale to help expand its reach around the world, according to the Financial Times.

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Thomson Reuters moves to meet bank uncertainty over OTC rule shake-up

Thomson Reuters has set a mid-2012 deadline to get its trading platforms ready for forthcoming OTC derivatives regulations, as it releases research which shows clear bank unease at the uncertain impact of the new rules on front and back office operations.

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Top Bank official calls for speed limits on high frequency trading

Securities markets should consider the introduction of speed limits on high frequency trading to prevent the risk of market abnormalities disrupting prices, a top Bank of England official says.

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CFTC sets out new market manipulation rules

The Commodity Futures Trading Commission is to push ahead with a tranche of new rules governing market manipulation and large trader reporting under the Dodd-Frank financial reform act.

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FBI arrests CME software engineer on code theft charges

The FBI has arrested a senior software engineer with the Chicago Mercantile Exchange on charges that he stole and handed over proprietary software code to a Chinese futures exchange start-up.

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Securities regulators open scrutiny of technology impact on financial markets

Securities regulators are to explore the feasibility of an overhaul of financial market reporting, audit and surveillance mechanisms in an effort to keep pace with the increasing volumes of data generated by technology-powered trading

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Deutsche Börse moves into FX derivatives with Digital Vega stake

Deutsche Börse has acquired a minority stake in Digital Vega, a small London based company which provides electronic FX options trading technology to buy and sell-side firms.

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OTC dealers win reprieve as EU Parliament delays reforms; banks lobby for US/EU convergence

The European Parliament has postponed implementation of new rules designed to improve transparency in over-the-counter trading, mirroring a similar slowdown in US financial market reforms under the Dodd-Frank Act.

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Citi exec charged with $19 million wire fraud

A former Citigroup executive has been charged with stealing $19 million from the bank in a swindle described by the FBI as the 'ultimate inside job'.

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Currency players combine to manage 'flash crash' risks

The world's leading foreign exchange dealers and trading platforms are collaborating on an industry-wide initiative to reduce the risk of an algorithmic-led 'flash crash' hitting the global currency markets.

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CFTC appoints data standardisation sub-committee members

Representatives from the ISO, Goldman Sachs, Google and Swift are among the members of a new technology advisory sub-committee on data standardisation set up by the CFTC.

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LCH.Clearnet poised to make Australia move

London-based clearinghouse LCH.Clearnet looks set to take advantage of recent regulatory changes and move into the Australian market, taking on ASX Clear.

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US institutional investors cut back on e-trading

US institutional investors have cut back on electronic trading and pushed more deals through high-touch broker sales desks over the past year, according to research from Greenwich Associates.

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Glitches delay Nyse Euronext trading for second day

Computer glitches have hit trading in Nyse Euronext's European markets for the second successive morning.

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Bats acquisition of Chi-X Europe referred to Competition Commission

The UK's Office of Fair Trading (OFT) has referred Bats Global Market's planned acquisition of rival MTF Chi-X Europe to the Competition Commission.

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Nyse Euronext postpones LCH.Clearnet termination plans as M&A proposals play out

Nyse Euronext has postponed plans to terminate its clearing contract with LCH.Clearnet, leaving the door open to a longer-term agreement as consolidation trends grip the industry.

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SunGard wins Asean trading tender

Sungard has won the tender to supply an electronic trading link between Bursa Malaysia, the Philippine Stock Exchange, Singapore Exchange and the Stock Exchange of Thailand.

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Maple consortium formally tables hostile bid for TMX

The Maple Group of Canadian pension funds and banks have formally presented their $3.7 billion hostile bid for TMX to the exchange's shareholders.