Latest Dealing rooms News: Finextra Research

Swift switches on central matching for brokers and hedge funds

Banking co-operative Swift has adapted its Accord matching system to handle the pre-settlement processing of securities trade flows between prime and executing brokers and hedge funds.

11 June 2009

News/Dealing rooms

Europe braces for MiFID II as regulators assess market impact

The Committee of European Securities Regulators says further regulations may be needed to address some of the unintended consequences arising from the introduction of the Markets in Financial Instruments Directive (MiFID) in 2007.

10 June 2009

News/Dealing rooms

Turquoise suspends trading after system outage

A system outage early on Wednesday forced bank-backed equity trading venue Turquoise to suspend trading until midday.

10 June 2009

News/Dealing rooms

Ballista gets funding

Ballista Holdings, operator of an ATS for block options and delta neutral orders, has received funding from a group of investors including the International Securities Exchange, Knight Capital Group, Morgan Stanley and Susquehanna Growth Equity.

09 June 2009

News/Dealing rooms

Morgan Stanley taps Adobe Flex framework for new trading platform

Morgan Stanley has launched Morgan Stanley Matrix, a new trading Web application for institutional clients that allows rich, real-time collaboration through chat, video, sharing of trade ideas and charts, and execution and trade allocation.

09 June 2009

News/Dealing rooms

FX trading technology spending on the rise - survey

Spending on electronic foreign exchange trading technology is set to soar with an "arms race" taking hold as firms look to improve execution speed, according to a survey from CEP vendor StreamBase.

09 June 2009

News/Dealing rooms

Omgeo and EuroCCP to develop central counterparty for hedge fund transactions

Post-trade utility Omgeo and clearing house EuroCCP have launched joint development of a pan-European equities central counterparty (CCP) service for hedge fund transactions.

08 June 2009

News/Dealing rooms

Bats releases new 'pre-routing display' system in face of Nyse opposition

Bats Exchange has released Bolt (Bats Optional Liquidity Technology), a pre-routing display system designed to give its users an advanced peek at unfilled orders ahead of the wider market, despite opposition from rival exchange Nyse, which has written to the Securities and Exchange Commission calling for a review of the practice.

04 June 2009

News/Dealing rooms

Turquoise to seek more funding from backers

Consortium-backed European trading venue Turquoise is to tap its investors for a third round of funding as it vows to turn a profit by early next year.

04 June 2009

News/Dealing rooms

Burgundy back online after outage shuts down trading

Nordic multilateral trading facility Burgundy is back online after being forced to shut down Tuesday because of technical issues with its FIX engine.

03 June 2009

News/Dealing rooms

Winterflood Securities signs for Business Systems trading surveillance system

Business Systems has signed Winterflood Securities to its new enterprise level trading surveillance system, Market Detect.

03 June 2009

News/Dealing rooms

ICE Trust backers accused of freezing out rival CME-led clearing house

Major derivatives dealers have been accused of "filibustering" to protect their ogilopoly by withholding support from buy-side-friendly rivals to the InterContinental Exchange's credit default swaps clearing house.

02 June 2009

News/Dealing rooms

National Bank of Kuwait deploys SmartStream reconciliation technology

National Bank of Kuwait (NBK) has implemented SmartStream Technologies' TLM Corona for cash reconciliations and investigations.

02 June 2009

News/Dealing rooms

Plus and London Stock Exchange settle AIM dispute

Plus Markets has dropped its legal action over restrictions on trading in stocks listed on the junior AIM market, after reaching an out-of-court settlement with the London Stock Exchange.

29 May 2009

News/Dealing rooms

DTCC, Swift and XBRL US team on corporate actions processing

The Depository Trust & Clearing Corporation (DTCC), Swift and XBRL US have joined forces in a bid to improve communications between issuers and investors for corporate action announcements in the US market.

28 May 2009

News/Dealing rooms

LCH.Clearnet to extend SwapClear to hedge funds and asset managers

LCH.Clearnet is moving to meet regulatory demands for improved risk management in the over-the-counter derivatives markets by extending its interest rate swap clearing service, SwapClear, to the broader buy-side trading community.

27 May 2009

News/Dealing rooms

Northern Trust adds Markit post-trade suite to OTC platform

Northern Trust is to strengthen its over-the-counter derivatives processing platform for third party clients with the addition of a suite of post-trade confirmation matching and reconciliation services from financial information outfit Markit.

26 May 2009

News/Dealing rooms

Chi-X Europe dark pool launches

Multilateral trading facility Chi-X Europe has launched its dark liquidity pool, Chi-Delta.

26 May 2009

News/Dealing rooms

Japan to build CCP for OTC derivatives trading

Japan Securities Clearing Corporation (JSCC) has announced plans to develop a central clearing counterparty for interest rate swaps and credit default swaps.

22 May 2009

News/Dealing rooms

Nordea signs for SunGard Adaptiv Analytics

Scandinavian bank Nordea is rolling out SunGard Adapitv Analytics to improve the measurement and management of counterparty credit exposure in its capital markets products.

20 May 2009