Latest Dealing rooms News: Finextra Research

CFTC and SEC to increase budgets through user fees

US government plans to almost double the budget of the Commodity Futures Trading Commission (CFTC) by enabling it to collect fees from the firms it regulates have received a mixed reaction from Commissioners.

15 February 2011

News/Dealing rooms

Fidessa reports solid full year results

Despite what it calls "challenges in the financial markets", trading technology vendor Fidessa has posted a 10% rise in full year revenues and 11% jump in adjusted operating profits.

14 February 2011

News/Dealing rooms

SEB launches iPad app for institutional clients

SEB has launched what it claims is the Nordic region's first iPad app to offer institutional clients market data and equity research.

11 February 2011

News/Dealing rooms

Former LSE boss Furse to head UK high-frequency trading probe

The UK government has tapped former London Stock Exchange chief Clara Furse to head up a study into the impact of high-frequency trading on market stability and the economy.

09 February 2011

News/Dealing rooms

Hackers penetrate Nasdaq OMX systems

Nasdaq OMX says hackers have breached its computer systems to gain access to highly confidential data on publicly listed companies.

07 February 2011

News/Dealing rooms

Turquoise takes on Nyse Euronext with price promotion

London Stock Exchange-owned MTF Turquoise has made a play for Nyse Euronext business with a six month pricing promotion on stocks listed on its rival.

04 February 2011

News/Dealing rooms

Axa Rosenberg pays $242m over quant coding cock-up and cover-up

Investment firm Axa Rosenberg has agreed to pay $242 million to settle SEC charges that it covered up a computer code error in its quantitative investment model that cost clients millions of dollars.

04 February 2011

News/Dealing rooms

LSE signs Johannesburg exchange to MillenniumIT

The Johannesburg Stock Exchange has licensed the MillenniumIT technology platform from the LSE as it bids to cut transaction times and attract high-frequency traders.

04 February 2011

News/Dealing rooms

European exchanges up their game in face of dark pool competition - ITG

European stock exchanges have become more efficient and slashed the cost of trading over the last year as they bid to fight off growing competition from a rash of post-MiFID dark pool and MTF competitors, according to research from ITG.

04 February 2011

News/Dealing rooms

Industry clamour over MiFID II proposals grows louder

The Futures and Options Association has added its voice to the growing industry clamour over 'needlessly oppressive' pending market reform proposals from the European Commission.

03 February 2011

News/Dealing rooms

DTCC creates new chief data officer role

New York's Depository Trust and Clearing Corporation has appointed Ronald Jordan, a 26-year Nyse Euronext veteran, to the new position of chief data officer, as it bids to become a central conduit between regulators and market participants on data management issues.

02 February 2011

News/Dealing rooms

Asean exchanges invite tenders for trading network

A group of South East Asian stock exchanges have completed a technology design study and invited tenders from vendors ahead of the planned launch of a cross-border trading link by the end of the year.

02 February 2011

News/Dealing rooms

Goldman Sachs unveils BlockStrike block liquidity strategy

Goldman Sachs is introducing a feature that enables its electronic trading business customers to search for large blocks of liquidity in dark pools while still working the order using the algorithm's existing logic.

02 February 2011

News/Dealing rooms

UK and US exchanges call in security services over suspected cyber-attacks

Stock exchanges in the UK and US have called in security services to help fend off cyber-attacks, according to the Times newspaper.

31 January 2011

News/Dealing rooms

StatPro plans move to pure SaaS provider

Following positive feedback on its SaaS Revolution service, StatPro, a supplier of portfolio analytics software for fund manager, has outlined plans to pour money into a move to become a pure cloud player.

26 January 2011

News/Dealing rooms

Morgan Stanley quants whiz Dweck departs

Jay Dweck, global head of strategies and technology at Morgan Stanley, has left the US investment bank after more than three years in the role.

26 January 2011

News/Dealing rooms

Technology spending cuts could see CFTC run out of data storage - O'Malia

The Commodity Futures Trading Commission is on course to run out of room to store its data by October because of an £11 million technology budget cut, Commissioner Scott O'Malia has claimed.

26 January 2011

News/Dealing rooms

Investment managers drive up tech spend

Investment management firms are raising their spend on technology and driving down salary levels for top staff as they shape their recovery from the 2008 financial crisis, according to a study by Advent Software.

25 January 2011

News/Dealing rooms

HFT makes up 77% of UK market - Tabb

High-frequency trading accounts for over three quarters of transactions in the UK equity market, according to research from Tabb Group.

24 January 2011

News/Dealing rooms

MarkitServ plans collateral messaging automation

The DTCC and Markit, through their MarkitServ joint venture, have teamed with vendor AcadiaSoft to introduce a system for automating collateral messaging for the over-the-counter derivatives market.

24 January 2011