1492 articles tagged with this keyword
News/Dealing rooms
US inter-dealer brokers have called on regulators to ensure fair access to newly-created Swap Execution Facilities as the Securities and Exchange Commission and Commodity Futures Trading Commission meet to discuss governance and conflicts of interest in the clearing and listing of swaps.
20 August 2010
Indian IT firm Religare Technova has moved to gain a foothold in the risk management sector by buying a stake in the parent company of specialist Chase Cooper and forming a strategic partnership. Financial terms were not disclosed.
18 August 2010
Norwegian police have arrested two men accused of cracking the algorithms of US broker Timber Hill and manipulating share prices, according to local press reports.
An over-reliance on computer systems and high-frequency trading were the biggest contributors to the 6 May flash crash that saw a dizzying plunge in the Dow Jones Industrial Average, according to a poll of retail financial advisors.
12 August 2010
Deutsche Bank has been hit with an "admonition" by the Osaka Securities Exchange over a problem with a trading algorithm in June that saw sell orders worth Y16.7 trillion made by mistake.
11 August 2010
Goldman Sachs' plan to spin off its proprietary trading business has run into trouble because the investment bank does not want to give the new entity access to its specially designed computer language, according to CNBC.
06 August 2010
SunGard chief Cristóbal Conde says the firm saw a "strong showing" from its financial systems business in the second quarter but figures were again skewed by a volatile broker/dealer business.
05 August 2010
Electronic trading and brokerage giant Instinet has launched a dark liquidity pool for US listed options.
03 August 2010
The introduction of a European consolidated tape for EU market data is a "necessity" says the Committee of European Securities Regulators (CESR) in a report to the European Commission which calls for wide-ranging reforms to the structure of trading under a revised MiFID rulebook.
29 July 2010
Over half of capital markets firms do not use real-time market surveillance and monitoring tools despite a general recognition in the industry that greater transparency is needed to deal with abuse and irregular activity, according to a survey from Progress Software.
27 July 2010
Fintech giant SunGard has acquired Fox River Execution, a broker dealer provider of algorithmic trading technology and execution offerings to institutional firms focused on equities ETFs. Financial terms were not disclosed.
23 July 2010
Online brokerage E*Trade Financial has posted its first quarterly profit for three years, surprising analysts who had expected another loss and sending shares up seven per cent.
Spanish bourse Bolsas y Mercados Españoles (BME) and Clearstream have begun testing their planned European OTC trade repository with the support of local banks BBVA and Banco Sabadell.
22 July 2010
Direct Edge has opened a new front in the battle for US exchange market share by converting its two alternative trading systems into formal exchanges and completing the migration to a new technology platform.
21 July 2010
The Committee of European Securities Regulators is considering mandating the use of electonric trade confirmation in the over-the-counter derivatives market as part of a regulatory overhaul designed to promote further standardisation and shift more dealing to organised trading venues.
20 July 2010
Business and IT staff at Europe's financial institutions want more emphasis placed on risk management, with just a quarter confident that their existing IT systems are capable of using stored data to provide a full analysis across all business units, according to research commissioned by Oracle.
Robin Paine has resigned as chief technology officer (CTO) at the London Stock Exchange (LSE) and will leave next month.
19 July 2010
Bank-backed Canadian alternative trading System Alpha Group is to launch a dark liquidity pool for dealers to match best bid and offer prices anonymously in the autumn.
16 July 2010
Fresh from its $1.5 billion acquisition of RiskMetrics, investment analysis and index firm MSCI has snapped up JPMorgan affiliate Measurisk, a provider of portfolio risk monitoring service to hedge funds.
15 July 2010
The US Commodity Futures Trading Commission (CFTC) has proposed new rules that would require exchanges and clearing houses to establish disaster recovery procedures in the event of a market-wide disruption.
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