Latest Dealing rooms News: Finextra Research

UK Treasury examines high-frequency trading threat to economy

The UK Treasury is sponsoring a probe into high-frequency trading amid fears that computer-generated problems could hit financial stability, affecting the whole economy, according to the Financial Times.

30 September 2010

News/Dealing rooms

New Spanish MTF taps Equiduct for tech platform

Equiduct Systems has won a contract to provide the technology infrastructure for Spain's first MTF, Plataforma Alternativa de Valores Españoles (Pave).

30 September 2010

News/Dealing rooms

Nasdaq OMX Nordic wards off HFT swings with new 'volatility guards'

Nasdaq OMX has introduced 'volatility guards' for its Nordic and Baltic markets, ensuring that trading will be paused in stocks that see a sharp price change.

27 September 2010

News/Dealing rooms

Securities tech cloud start-up punts $1 million on gaming showcase

Netik alumni John Wise and Colin Close have resurfaced at a new cloud-based securities technology start-up which is inviting seasoned market professionals and first-time investors alike to take part in a virtual stock trading game with a $1 million payout.

23 September 2010

News/Dealing rooms

Quote MTF offers to give away equity to attract business

Quote MTF is offering to give away up to 40% of its shareholding to trading firms as it bids to secure participation in a fiercely competitive, consolidating market.

22 September 2010

News/Dealing rooms

Nyse Euronext appoints consumer tech veteran as global head of systems development

Nyse Euronext has looked outside the financial services industry to appoint consumer tech veteran Tim Kinslow as global head of systems development for the company's information technology division.

21 September 2010

News/Dealing rooms

Swift links securities matching system to multiple CCPs

Financial messaging outfit Swift is set to link its securities matching system to a range of central clearing counterparties, including EuroCCP, Six x-clear and LCH.Clearnet, enabling brokers to direct their matched off-exchange trades to a variety of providers.

21 September 2010

News/Dealing rooms

LSE talking to banks about building clearing house

The London Stock Exchange is in talks with banks on both sides of the Atlantic about funding and building a clearing house, according to press reports.

20 September 2010

News/Dealing rooms

Citi to pilot XBRL for corporate actions

Citi has signed up to pilot the use of XBRL for corporate actions in a bid to improve straight-through processing in the paper-prone events information market.

17 September 2010

News/Dealing rooms

Financial industry loosens purse strings for data management projects

Financial firms grappling with a host of regulatory, risk and compliance issues are freeing up budgets to address the results of years of fragmented data management operations, according to a survey compiled by the EDM Council and consultancy Headstrong.

16 September 2010

News/Dealing rooms

Brickles exits for good as Plus takes axe to staff numbers and tech

Plus Markets has narrowed its first half losses as a new management team embarks on an aggressive cost cutting programme that has seen headcount and technology expenditure slashed and the departure of vice chairman Simon Brickles.

16 September 2010

News/Dealing rooms

CME rebuked by regulators over compliance staff levels

US futures regulators have upbraided the Chicago Mercantile Exchange and Chicago Board of Trade for cutting compliance staff levels in the wake of their 2007 merger.

16 September 2010

News/Dealing rooms

Hong Kong brokers turning to back office outsourcing - survey

A growing number of Hong Kong brokers are seeking to outsource their back office functions in a bid to deal with increasingly complex and competitive local markets, according to a survey from BNP Paribas Securities Services and Swift.

16 September 2010

News/Dealing rooms

UBS takes stake in HFT tech outfit Mantara

Mantara, a high-frequency trading technology provider, says it has received an unspecified strategic equity investment from UBS.

15 September 2010

News/Dealing rooms

EC bids to tame 'wild west territory' of OTC derivatives and short selling

The European Commission is proposing new regulations aimed at improving transparency and safety in over-the-counter (OTC) derivatives markets and tougher controls on short selling and credit default swaps.

15 September 2010

News/Dealing rooms

Risk control to the fore as European repo market recovery gathers pace

The European repo market has bounced back after the financial crisis and is now bigger than in 2007 while risk management is also to the fore with greater use of central clearing counterparties, according to an ICMA survey.

15 September 2010

News/Dealing rooms

IT spending on reconciliation and exception management set to soar - Celent

Global IT spending on reconciliation exception management will hit $700 million this year, with around half of this making its way to third party software vendors, according to research house Celent.

15 September 2010

News/Dealing rooms

Confusion reigns as CME mistakenly places test orders on live markets

CME Group says it inadvertently placed thousands of test orders on live energy and metals markets on its electronic trading platform yesterday.

15 September 2010

News/Dealing rooms

Former IBM exec Moffat gets six months for insider trading

EX-IBM executive Robert Moffat has been jailed for six months for his part in the Galleon hedge fund insider trading case, which prosecutors call the biggest of its kind in history.

14 September 2010

News/Dealing rooms

Thomson Reuters unveils Eikon desktop

Thomson Reuters has rolled out the latest generation of its desktop product for finance professionals, adding Web-style search and social networking features in a bid to "catapult market data into the 21st century".

14 September 2010