Latest Dealing rooms News: Finextra Research

Snapchat posts sees RBS investment bank head ousted

Rory Cullinan has resigned as head of RBS' investment bank after a series of messages he posted on social media app Snapchat were published in the Sun newspaper in the UK, according to the FT.

31 March 2015

News/Dealing rooms

SilverLake sells IPC to Centrebridge Partners for $1.2 billion

Private equity firm Silver Lake has sold financial communications business IPC to Centrebridge Partners for $1.2 billion.

02 December 2014

News/Dealing rooms

Was the London Whale a rogue trader?

Speaking at Finextra's 'Holistic surveillance and the fight to prevent rogue traders' webcast, industry veterans David Clark and Simon Wheatley, along with Shaun Mathieson, senior consultant, global banking & markets, SAS debate whether the ongoing saga of JP Morgan's so-called London Whale trader constituted a rogue trader incident.

06 June 2013

News/Dealing rooms

Thomson Reuters feels the pain as bank cutbacks bite

Thomson Reuters is feeling the full force of the depression in financial markets trading, reporting a 15% fall in operating profit for the third quarter.

02 November 2012

News/Dealing rooms

MarketAxess to acquire Xtrakter

Fixed income exchange MarketAxess has agreed to acquire European post-trade services group Xtrakter from Euroclear for £26 million in cash.

02 November 2012

News/Dealing rooms

Half of market participants not preparing for T+2 - Omgeo

Market participants are not prepared for shorter settlement cycles, despite being strongly in favour of a move to T+2, according to a study from Omgeo.

31 October 2012

News/Dealing rooms

Sandy wreaks havoc on Manhattan

US stock markets are to remain closed on Tuesday for the second day in succession, in the aftermath of a huge storm surge that flooded downtown Manhattan and plunged millions of New Yorkers into darkness.

30 October 2012

News/Dealing rooms

US stock markets shuttered as Hurricane Sandy approaches

American stock exchanges are shutting down today, and provisionally tomorrow, as a precaution ahead of hurricane Sandy's arrival on the east coast.

29 October 2012

News/Dealing rooms

Dealing firms not ready for real-time reconciliation - survey

More than half of financial institutions have not yet embarked on real-time reconciliation for any of their asset classes and do not expect to be in a position to move to do so by the end of 2013, according to a survey conducted by Gresham Computing

29 October 2012

News/Dealing rooms

Swift taps SmartStream for Accord Matching overhaul

Financial messaging network Swift has enlisted SmartStream Technologies for an overhaul of its Accord confirmation matching engine.

29 October 2012

News/Dealing rooms

London Metal Exchange signs for new surveillance software

The London Metal Exchange has signed a deal with the London Stock Exchange's tech subsidiary Millennium IT to install new surveillance software for real-time detection of abnormal trading patterns.

22 October 2012

News/Dealing rooms

Fidessa warns of flat full year revenue

Trading technology vendor Fidessa has warned that its full year revenues will be flat as its customers are "constrained" by a challenging market.

22 October 2012

News/Dealing rooms

Quote MTF plans Spanish trading venue

European equity trading venue Quote MTF and London-based investment bank Capital Partners have outlined plans to enter the Spanish market.

18 October 2012

News/Dealing rooms

Flash crash reforms will fail to make markets safer - study

The new circuit breaker system designed to avoid a repeat of 2010's flash crash will fail to avert another market meltdown unless it is coupled with 'liquidity safety valves', warns a new piece of academic research.

18 October 2012

News/Dealing rooms

Oslo Bors acquires Swedish neighbour Burgundy

Oslo Børs is to take over the operations of rival Swedish exchange Burgundy as it bids to raise its market share in the Nordics and challenge Nasdaq OMX for regional dominance.

16 October 2012

News/Dealing rooms

The Intruders crash investment banking awards dinner

A group of protesters who gatecrashed a banking innovation awards dinner last week to present Barclays Bank with a prize for 'innovation in interest rate manipulation' have posted video footage of the stunt on YouTube.

09 October 2012

News/Dealing rooms

Finance firms exiting businesses over capital requirements - survey

A quarter of financial institutions around the world are exiting businesses because of the impact of increased capital requirements, according to a survey by the Professional Risk Managers' International Association (Prmia).

09 October 2012

News/Dealing rooms

Shortening US trade settlement cycle a big money saver - BCG

Shortening the time period between trade execution and settling payment for US cash securities transactions could reduce the industry's costs and risk exposure by several hundred million dollars a year, according to a report from the Boston Consulting Group (BCG).

05 October 2012

News/Dealing rooms

RVS hires Milne to spearhead European expansion; Libor in crosshairs

The London Stock Exchange's former head of post-trade services Kevin Milne has been appointed CEO of Singapore's Rates Validation Services, a benchmarking firm which is looking to set up an alternative to Libor, the discredited interbank lending rate.

03 October 2012

News/Dealing rooms

Former Chi-X CEO Haynes plans new trading venue

Former Chi-X Europe chief executive Alasdair Haynes is preparing to launch another alternative trading system in the region, according to Bloomberg.

01 October 2012