Dealing rooms

1575 articles tagged with this keyword

/Dealing rooms

Nasdaq OMX adds compliance expert Steve Matthews to pan-European team

Newly-merged market operator Nasdaq OMX has appointed Credit Suisse executive Steve Matthews as chief legal and compliance officer of its new pan-European market for blue chips.

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Banks back TradeWeb STP network

TradeWeb says its dealer-owners have committed to use its expanded straight-through processing (STP) platform for the voice and electronically-traded fixed income securities that they trade with customers.

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Credit derivatives clearing facility to launch in Q3

The Clearing Corporation (CCorp) has inked an agreement with the Depository Trust and Clearing Corporation (DTCC) that will result in the launch of a central clearing facility for over-the-counter (OTC) credit derivatives in the third quarter.

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Bats distributes real-time market data on Yahoo

In a move to lure more US retail investors to its trading platform, Bats Trading - the all-electronic alternative to Nasdaq OMX and Nyse Euronext - has struck a deal to provide its real-time US stock quotes free of charge to users of Yahoo! Finance.

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Australia's Bell Direct selects Sybase 365 technology for mobile trading service

Australian online broker Bell Direct has chosen Sybase 365 to power a new mobile platform that will enable investors to trade shares using SMS text messages.

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ECB calls on depositories to join securities settlement project

The European Central Bank (ECB) is calling on central securities depositories (CSDs) to sign up to Target2-Securities (TS2), its proposed integrated securities settlement system in the euro zone.

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State Street Global Markets acquires SSISearch

Investment research and trading outfit State Street Global Markets has acquired UK reference data provider SSISearch. Financial terms of the deal were not disclosed.

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FfastFill buys Australia's Exchange Technology

UK derivatives trading vendor Ffastfill has bought Exchange Technology, an Australian provider of middle office and trading software, for A$2.5 million.

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Moody's hit by report of computer coding error

Credit ratings outfit Moody's has launched an external review following reports that it awarded incorrect ratings to billions of dollars of complex debt products due to a computer coding error.

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Statpro says Q1 trading ahead of last year

Statpro, an AIM-listed supplier of portfolio analytics software for fund managers, says its current trading is in line with market expectations and "significantly ahead of the first four months of 2007".

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Icap profit jumps 31%; eyes acquisitions

After reporting a healthy 31% rise in full year pre-tax profit, London-based interdealer broker Icap says it is on the look out for more acquisitions, despite indications that the market volatility that boosted its trading volumes is returning to normal levels.

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Goldman Sachs, Morgan Stanley and UBS in dark liquidity pact

Wall Street banks Goldman Sachs, Morgan Stanley and UBS have agreed a series of bi-lateral agreements that will allow their US clients to access each bank's dark liquidity pools.

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Thomson Reuters cuts 835 jobs

Recently-merged Thomson Reuters is axing 835 jobs - including 650 content, technology and operations roles - as it looks to cut costs and eliminate overlap between the two businesses.

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LSE to offer equity research on smaller firms

In an attempt to boost liquidity of smallcap stocks on its junior and main market, the London Stock Exchange (LSE) is launching an equity research service that will provide information and analysis on smaller companies.

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ICMA to sell off Xtrakter unit

The International Capital Market Association (ICMA) is selling off its markets services business Xtrakter, which houses the Trax matching and reporting system.

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Six bidding for European covered bond platform

Six companies - Icap, TradeWeb, Eurex, MTS, BGC Partners and Bloomberg - are bidding to provide a new electronic trading platform for European covered bonds.

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Wombat reports Equiduct Trading deal

Nyse Euronext-owned Wombat Financial Software has signed Börse Berlin Equiduct Trading to its tick data management platform, One Tick.

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Nyse Euronext selects Red Hat for move to Linux

Transatlantic exchange Nyse Euronext has migrated its electronic trading infrastructure to the Linux operating system under a deal with open source vendor Red Hat.

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UK competition watchdog mulls clearing probe

The UK's Office of Fair Trading (OFT) has called for feedback from "interested parties" on whether it should launch a competition investigation into clearing and settlement in the derivatives market.

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UBS launches ATS in US

Swiss investment bank UBS says its global equities business has launched an alternative trading system (ATS) for crossing orders in US stocks.