Latest Dealing rooms News: Finextra Research

Maple's TMX bid goes hostile

Maple Group, the collection of Canadian banks and pension funds battling the London Stock Exchange for control of TMX, has taken its bid hostile.

26 May 2011

News/Dealing rooms

Derivatives legislation moves nearer in Europe; could face delays in US

A European Parliament committee has given its backing to legislation that will see more derivative trades settled through clearing houses. Meanwhile, on the other side of the Atlantic, US lawmakers have moved to delay the implementation of their own new derivatives rules.

25 May 2011

News/Dealing rooms

City IT recruitment market treads water

The first quarter of 2010 may have been a high watermark in the investment banking IT recruitment market which is unlikely to be surpassed in the foreseeable future, according to research by City recruitment firm McGregor Boyall.

25 May 2011

News/Dealing rooms

Thomson Reuters names Ramamurthy president, sales and trading

Thomson Reuters has hired IBM veteran Shanker Ramamurthy to head up its sales and trading business.

23 May 2011

News/Dealing rooms

Financial services IT spending on the up - Bloomberg survey

More than three quarters of financial services industry technology executives expect to increase their IT spending over the next year, according to a Bloomberg survey which also suggests a shift to greater use of hosted services.

23 May 2011

News/Dealing rooms

Deutsche Bank moves central hedge fund operation to Dublin

Deutsche Bank is to move its European hedge fund operations to Dublin, creating 100 new jobs in the Irish capital.

20 May 2011

News/Dealing rooms

Canada's online investors turn to social media

Canada's online investors are increasingly turning to social media platforms such as Twitter and Facebook to help them make decisions, according to research commissioned by BMO InvestorLine.

20 May 2011

News/Dealing rooms

Twitter-based hedge fund launches

London-based Derwent Capital Markets has launched its £25 million social media-based hedge fund, using Twitter to gauge market sentiment.

18 May 2011

News/Dealing rooms

Thomson Reuters integrates StreamBase CEP tech with Elektron

Thomson Reuters is to integrate complex event processing (CEP) technology from StreamBase with its Elektron data distribution network.

18 May 2011

News/Dealing rooms

Nasdaq OMX and ICE abandon Nyse Euronext bid over DoJ concerns

Nasdaq OMX and and IntercontinentalExchange (ICE) have dropped their takeover offer for Nyse Euronext after regulators made clear the deal would not clear antitrust hurdles.

16 May 2011

News/Dealing rooms

Conde to step down from helm of SunGard

SunGard's long-standing chief executive officer Cristobal Conde is to step down from the post later this month, ending a 25-year association with the US technology house.

16 May 2011

News/Dealing rooms

S&P agrees to cut Isin fees following EU probe

Standard & Poor's (S&P) has agreed to cut the prices it charges for the distribution of International Securities Identification Numbers, following a two-year probe by the European Commission into allegations of abusive pricing and monopoly practices.

16 May 2011

News/Dealing rooms

Maple consortium launches TMX bid

A consortium of Canadian banks and pension funds have made a C$3.6 billion offer for TMX Group in a bid to scupper the exchange operator's planned merger with London's LSE.

16 May 2011

News/Dealing rooms

Finextra to create Post-Trade Forum

Finextra has partnered with analyst house Biss Research to develop an industry forum hosted by the London Stock Exchange and aimed exclusively at practitioners in the post trade operational space.

13 May 2011

News/Dealing rooms

LCH.Clearnet and X-Clear get FSA approval for interoperability

European clearing house interoperability has moved a step nearer after the UK's FSA approved new arrangements between LCH.Clearnet and Switzerland's X-Clear.

12 May 2011

News/Dealing rooms

As FSA deadline looms, TeleWare unveils mobile call recording system

Teleware has launched a 'clientless' mobile call recording system designed to help financial services firms meet FSA rules set to come into effect later this year.

11 May 2011

News/Dealing rooms

Deutsche Bank launch partner for Markit aggregated research iPad app

UK finance information vendor Markit has launched an iPad application that will give users access to research and analysis from investment banking analysts, beginning with Deutsche Bank.

10 May 2011

News/Dealing rooms

ConvergEx plans $400m IPO

US fintech vendor ConvergEx Group has filed with regulators to raise up to $400 million in an initial public offering, according to Reuters.

09 May 2011

News/Dealing rooms

'Electronification' of FX pushing up IT spending - Celent

Technology spending in the foreign exchange market is on the rise thanks to the growth of algorithmic trading and 'electronification' of the business, according to a report from Celent.

05 May 2011

News/Dealing rooms

Legal Entity Identifier standard nears

Plans to create a new legal entity identifier (LEI) system to help regulators and industry participants monitor systemic risk are gathering momentum, with Swift winning a vote to act as the registration authority for the ISO standard and a group of trade associations setting out their framework.

05 May 2011