Latest Dealing rooms News: Finextra Research

Credit Suisse penalised by Nyse for algorithmic meltdown

The New York Stock Exchange has fined Credit Suisse Securities $150,000 for failing to control development of an algorithm that went awry and flooded the Exchange trading system with hundreds of thousands of erroneous orders.

13 January 2010

News/Dealing rooms

JP Morgan hires Troise to head e-trading business

JP Morgan has appointed Barclays Capital's Frank Troise as global head of equities electronic client solutions.

13 January 2010

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Liquidnet invests in research outfit OTR Global

Liquidnet has made a strategic, unspecified, investment in OTR Global, an alternative research company providing market intelligence for institutional investors.

12 January 2010

News/Dealing rooms

Deutsche Börse forced to suspend bond e-trading

Deutsche Börse has been forced to suspend trading in Government bonds over the Xetra electronic platform following a legal challenge by two local brokers.

07 January 2010

News/Dealing rooms

Finextra and the FISD partner for webcasts in 2010

The Financial Information Services Division (FISD) and Finextra have forged a partnership to deliver a series of video webcasts for market data and risk management professionals worldwide with a focus on real-time data management and delivery, reference data, and standards.

06 January 2010

News/Dealing rooms

Business demands to outpace trading tech budgets in 2010 - Tabb

Speed will continue to be the name of the game for US equity brokers in 2010 but business demands beyond latency may outpace trading technology budgets, according to a study from Tabb Group.

06 January 2010

News/Dealing rooms

Perot man charged with insider trading returns $8.6 million

A former Perot Systems employee accused of insider trading by the US Securities and Exchange Commission (SEC), has agreed to return $8.6 million in 'illicit profits'.

06 January 2010

News/Dealing rooms

Hart departs as News Corp shakes up Dow Jones

Financial information group Dow Jones is to combine its enterprise and consumer divisions in a shake-up that will see the departure of Clare Hart, president of the enterprise business, who had championed a Web-based distribution strategy for the group.

05 January 2010

News/Dealing rooms

Euroclear names HSBC man Howell CEO

Brussels-based depository Euroclear has appointed HSBC veteran Tim Howell chief executive officer, replacing Pierre Francotte who is quitting after 10 years in the role.

05 January 2010

News/Dealing rooms

SS&C buys Tradeware Global

Connecticut-based fintech vendor SS&C Technologies has acquired Tradeware Global, a broker-neutral provider of systems for electronic access to global equity markets. Financial terms were not disclosed.

04 January 2010

News/Dealing rooms

Citi to sell LavaFX platform to FXall

Electronic multi-bank foreign exchange trading portal FXall has agreed to buy rival platform LavaFX from Citi. Financial terms of the deal were not disclosed.

04 January 2010

News/Dealing rooms

Finextra signs off for Christmas and New Year break

The Finextra office will be closed after Tuesday 22 December, re-opening Monday 4 January.

22 December 2009

News/Dealing rooms

Dubai Financial Markets to buy rival Nasdaq exchange

Dubai Financial Markets (DFM) is to buy Nasdaq Dubai for $121 million in an effort to cut costs and restructure its business in the wake of the region's ongoing debt crisis.

22 December 2009

News/Dealing rooms

Lombard Risk scores collateral contract with ABN Amro

Shares in Lombard Risk Management have moved up after the company reported a contract win for its collateral management software at ABN Amro in the Netherlands.

21 December 2009

News/Dealing rooms

Deutsche Börse taps Corvil for latency measurement

Deutsche Börse has introduced latency monitoring and performance measurement technology from Corvil for high frequency traders on Xetra and Eurex.

21 December 2009

News/Dealing rooms

LSE to take control of Turquoise

The London Stock Exchange is to take majority control of Turquoise and merge it with its own dark pool Baikal under a deal agreed with the rival MTF's investment bank owners.

21 December 2009

News/Dealing rooms

Icap pays $25 million SEC penalty to cover fake trading charges

Interdealer broker Icap is to pay $25 million in settlement to the US Securities and Exchange Commission over charges that it displayed fake trades on its screens to encourage customer dealing.

21 December 2009

News/Dealing rooms

Former Chi-X chief Randall moves to Equiduct

Peter Randall is to take over as chief executive officer of electronic exchange venue Equiduct, just eight months after stepping down as chief of rival Chi-X Europe for "personal family reasons".

18 December 2009

News/Dealing rooms

Bats plans US listings market

Bats Exchange has unveiled the latest stage of its assault on Nyse Euronext and Nasdaq OMX, outlining plans to launch a US listings market by next summer.

18 December 2009

News/Dealing rooms

Clearstream plans carbon trading settlement service

Deutsche Börse's Clearstream is set to launch a settlement and custody service for carbon trading rights called Global Emissions Market Access (Gema).

17 December 2009