Latest Dealing rooms News: Finextra Research

BNP Paribas launches hybrid clearing service

French banking group BNP Paribas has launched a 'hybrid' securities clearing service as it looks to cash in on the proliferation of new equities trading platforms for investment and fund managers launched in the wake of MiFID.

22 July 2008

News/Dealing rooms

Markit and DTCC form derivatives trade processing JV

The US Depository Trust & Clearing Corporation (DTCC) and UK-based Markit are teaming up to launch a London-based joint venture that will combine their respective OTC derivatives processing services.

21 July 2008

News/Dealing rooms

Study cites applications and firewalls as new latency culprits

A new study by tech consultancy NET2S has found that the vast majority of trading latency is generated by a bank's own applications and firewalls rather than networks.

21 July 2008

News/Dealing rooms

Rabobank recruits Financial Objects for credit risk management project

Dutch banking group Rabobank has recruited UK fintech vendor Financial Objects to develop a counterparty credit risk management system which will be deployed across its global capital markets division.

21 July 2008

News/Dealing rooms

SWX Swiss Block to launch in August with 11 firms on board

SWX Europe has signed up 11 firms for the August launch of its non-displayed liquidity service for Swiss blue-chip equities, SWX Swiss Block.

21 July 2008

News/Dealing rooms

ECB launches T2S settlement harmonisation project

The European Central Bank is to press ahead with the launch of its contentious settlement harmonisation project Target2-Securities and has assigned the development and operation of the facility to the Deutsche Bundesbank, the Banco de España, the Banque de France and the Banca d'Italia.

17 July 2008

News/Dealing rooms

Merrill to sell Bloomberg stake for $4.4 billion

Merrill Lynch has agreed a deal to sell its 20% stake in Bloomberg back to the news and financial data company for a price approaching $4.5 billion.

17 July 2008

News/Dealing rooms

Korea's Leading chooses Progress Apama for algo trading

Korea's Leading Investment & Securities has rolled out Massachusetts-based Progress Software's Apama platform to provide its international clients with algorithmic trading capabilities.

17 July 2008

News/Dealing rooms

Turquoise backs down on plans for early opening

Bank-backed equities trading platform Turquoise has accused rival exchanges of "fear mongering" after being forced to abandon plans to open its market 15-minutes earlier than incumbent bourses.

17 July 2008

News/Dealing rooms

InCore selects Orc trading technology

Switzerland's InCore Bank has licensed electronic trading technology from Swedish vendor Orc Software for its proprietary trading business.

17 July 2008

News/Dealing rooms

Blackrock acquires Australian analytics software house

Blackrock is to acquire Australian analytical software house Impact Investing and parcel up its investment information dashboard as part of the Blackrock Solutions service.

16 July 2008

News/Dealing rooms

Link Up Markets contracts with Clearstream for IT build

European depository Clearstream is to work with Tata Consultancy Services to develop and operate the IT infrastructure for Link Up Markets, the settlement services joint venture company set up by seven European CSDs.

15 July 2008

News/Dealing rooms

ICE Clear Europe further delays London clearing launch

Energy derivatives exchange ICE Clear Europe has further delayed the launch of its new London clearing house until September, due to technical issues associated with the transfer of traders' open interest positions from incumbent clearer LCH.Clearnet.

15 July 2008

News/Dealing rooms

JSE 'deeply apologetic' for technical shut-down

The Johannesburg Stock Exchange was forced to extend trading in equities and derivatives by two hours Monday, after technical problems shut down dealing until mid-afternoon.

15 July 2008

News/Dealing rooms

E*Trade sells Canadian unit to Scotiabank for $442 million

Online discount brokerage E*Trade has agreed to sell its Canadian operations to Scotiabank in a deal worth US$442 million.

15 July 2008

News/Dealing rooms

Nasdaq OMX claims market share lead in Nyse-listed stocks

Nasdaq OMX claims it executed more Nyse-listed stocks than the New York Stock Exchange for the first time last Friday, a milestone figure that it is set to re-ignite the debate about the electronic trading models employed by the rival exchanges.

14 July 2008

News/Dealing rooms

Tora hires Citi auto-trading veteran Lewis

Electronic dealing platform Tora Trading has hired Citi auto-trading veteran Peter Lewis as managing director of its New York office.

14 July 2008

News/Dealing rooms

Plus Markets and the Munich Stock Exchange to create pan-European market

The UK's Plus Markets group has entered into an agreement with the Munich Stock Exchange to develop a new pan-European trading platform for small and mid-cap stocks.

10 July 2008

News/Dealing rooms

Buy-side OMS spending to soar - TowerGroup

Global buy-side spending on order management systems (OMS) is set to rise from $450 million in 2008 to $699 million in 2012 - a compound annual growth rate (CAGR) of 12% - according to research from TowerGroup.

09 July 2008

News/Dealing rooms

Asian stock exchanges moot trading tie-up

The FT reports that six Asian stock exchanges are working on plans to develop an integrated platform for display and execution of trades for the largest 180 companies in the region.

09 July 2008