Dealing rooms

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/Dealing rooms

StatPro warns of looming data services sales slowdown

AIM-listed StatPro Group is reporting interim half-yearly figures in line with expectations, but warns of a return to long sales cycles in the data services market over the coming six months.

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Chicago to take on Wall Street with new exchange for interest rate swaps - FT

Five Chicago dealers have teamed up with the Chicago Mercantile Exchange to launch a new interest rate swaps trading platform in anticipation of financial reform measures designed to push over-the-counter derivatives trading to exchange-based systems.

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ABN Amro takes 25% stake in Dutch MTF The Order Machine

ABN Amro has taken a 25% stake in retail-oriented MTF The Order Machine (TOM).

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Open source analytics start-up OpenGamma emerges from stealth mode

OpenGamma, a UK-based financial analytics start-up, has come out of stealth mode and is looking for banks and buy-side institutions to join an early adopter programme to fine tune the source code which will be released under an Open Source license.

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Asset managers turn to client reporting as IT budgets stabilise - survey

With IT budgets in the asset management industry beginning to stabilise, firms are turning their attentions to improving middle office processes, focusing particularly on client reporting, according to a survey from vendor Religare Technova.

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European exchanges fight rearguard action against consolidated tape

European stock exchanges are promising to eliminate fees on 15-minute delayed data by the end of the year as they step up their campaign against the introduction of a mandatory consolidated tape for EU market data.

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Xtrakter plans European trade repository

Just days after US-based Depository Trust & Clearing Corporation outlined plans to launch a European trade repository, Euroclear-owned Xtrakter says it might develop its own.

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Chi-X set for Japan launch

Chi-X Global is set to start offering trading in Japanese stocks later this month after its subsidiary in the country received regulatory approval.

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Financial markets shrug off Toronto blackout

Financial markets shrugged off a four-hour blackout that hit downtown and Western Toronto on the hottest day of the year.

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Nyse Euronext and Markit Boat in OTC data reporting play

Nyse Euronext is partnering with trade reporting venue Markit Boat to drive an OTC data consolidation initiative designed to enhance post-MiFID market transparency.

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DTCC buys reference data firm Avox; plans European trade reporting repository

The Depository Trust & Clearing Corporation (DTCC) has acquired Avox, a UK-based reference data firm majority-owned by Deutsche Börse in a cash deal valuing the business at a "low double digit million GBP figure".

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LSE strengthens grip on Italian post-trade assets

The London Stock Exchange has announced the appointment of post-trade business veterans Kevin Milne and Giulio Di Cerbo to the boards of Italian settlement system Monte Titoli and clearing counterparty Casa di Compenzione & Garanzia.

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Nyse Euronext wins Warsaw technology tender

Nyse Euronext has won a beauty parade to provide a new trading platform for the Warsaw Stock Exchange.

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Drunk oil trader banned and fined

An oil trader who bought seven million barrels of crude in the early hours after "extremely heavy drinking" has been banned and fined by the FSA.

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Circuit breaker called into action after Citi trade spooks market

The circuit breaker mechanism introduced in the wake of last month's flash crash was called in to action yesterday when a reporting error saw shares in Citi plunge 17%.

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Liquidnet says ITG drops patent counterclaim

A counterclaim lawsuit brought by Investment Technology Group (ITG) against Liquidnet after the latter sued for patent infringement has been dropped.

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Cantor to drop movie exchange in face of looming government ban

Despite receiving regulatory approval, Cantor Fitzgerald appears set to abandon plans to launch an exchange for trading movie box office receipt contracts after lawmakers moved to ban the practice.

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Edgar Online creates XBRL powerhouse with acquisition of UBmatrix

US data outfit Edgar Online is acquiring privately-held UBmatrix, one of the original inventors of the XBRL financial standard, which is being mandated worldwide by many regulators to improve the transparency and efficiency of business reporting.

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Wall Street steps up analytics spending

Over 90% of Wall Street firms expect to increase spending on analytics over the next year, with risk and compliance the areas most likely to see greater investment, according to a survey from IBM and Sifma.

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Nasdaq OMX to build Nordic clearing house for interest rate swaps

Nasdaq OMX has initiated a pilot project with SEB and the Swedish National Debt office to offer central counterparty clearing of interest rate swaps as a prelude to the creation of a full scale clearinghouse for IRS in Swedish kronor.