1492 articles tagged with this keyword
News/Dealing rooms
The US Securities and Exchange Commission has unveiled proposals aimed at shedding more light on dark pool trading by introducing new rules that would require enhanced public disclosure of stocks passing over alternative trading networks.
21 October 2009
With dark pools under the regulatory microscope, Nyse Euronext has struck a deal with five firms behind ATSs and off-exchange market centres to print trades made on the venues on the reporting facility it operates with Finra and display daily activity on Nyse.com.
20 October 2009
The Securities and Exchanges Commission and Commodity Futures Trading Commission want to create a joint IT task force as part of a wider move to harmonise their work and improve cooperation.
Capital markets tech house First Derivatives has acquired a further 15% interest in Californian analytical database vendor Kx Systems for $7.5 million in a mixture of cash and shares.
19 October 2009
A top IBM executive is among six people charged by US authorities over an alleged $20 million hedge fund insider trading scam involving some of the world's biggest technology companies.
Dealing technology vendor Fidessa has re-ignited calls for the creation of a consolidated tape for European market data pricing after an outage at the London Stock Exchange last week appeared to depress trading in affected stocks.
Texas start-up Stocktweeting has launched a Web site for traders to filter and track information posted about publicly listed companies over the Twitter micro-blogging service.
16 October 2009
Nasdaq OMX says it will establish a new US listing market, called BX, for companies that do not qualify for an exchange listing, and launch a third equity trading venue offering a price/size execution priority model.
15 October 2009
Thomson Reuters has completed the acquisition of regulatory news outfit Hugin Group BV from Nyse Euronext. The consummation of the deal comes as the UK news and information group agrees an offer for financial commentary business Breakingviews and market data rival Bloomberg scoops up distressed print title Business Week.
The future of LCH.Clearnet finally appears to be settled after shareholders in the London-based clearing house voted overwhelmingly in favour of a buyout proposal.
The Depository Trust & Clearing Corporation (DTCC) says it will relocate around 1600 employees, including IT staff, from its Manhattan corporate headquarters to Jersey City in 2013.
14 October 2009
New York-based fixed income broker dealer RW Pressprich & Co has taken an equity stake in software house CodeStreet.
13 October 2009
Citi has been fined $600,000 by US regulators for lax supervision of trading strategies that helped foreign clients avoid taxes on dividends. The firm also failed to adequately monitor Bloomberg messages used to communicate about the trades.
Morgan Stanley is to use latency monitoring technology from Corvil to analyse and optimise data transmission speeds from its market data plants in New York and London and to and from execution venues.
12 October 2009
The Depository Trust and Clearing Corporation has called for legislative changes mandating the use of a trade repository for over-the-counter (OTC) credit derivatives contracts in testimony submitted to the House Financial Services Committee.
09 October 2009
The Securities and Exchange Commission is to extend its regulatory probing of dark pools to include issues surrounding high frequency trading, direct market access and co-location.
Seymour Pierce has been fined £154,000 by the UK's Financial Services Authority (FSA) for failing to prevent an employee stealing from the stockbroker and its clients.
08 October 2009
Former Merrill Lynch chief John Thain says that the structured products created by his firm were so complex that it could take up to three hours to model one traunch of a single CDO correctly when using "one of the fastest computers in the United States".
A Teza Technologies programmer developed code relating to data storage while still a UBS employee, but the high-frequency trading start-up did not use it, CIO William Sterling has told a Chicago judge.
06 October 2009
The Securities and Exchange Commission has approved new rules designed to limit the potential for systemic damage from fat-fingered or computer-generated erroneous trades.
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