Latest Dealing rooms News: Finextra Research

ICE secures FSA approval for UK clearing house

US market operator IntercontinentalExchange (ICE) has received regulatory approval to establish its own clearing operation in London.

13 May 2008

News/Dealing rooms

BlackBerry maker RIM and Thomson Reuters establish venture fund

Research in Motion (RIM)- the Canadian maker of the Blackberry handheld device - is teaming with Thomson Reuters to set up a $150 million venture capital fund that will invest in applications and services for mobile platforms.

12 May 2008

News/Dealing rooms

Outsourcing and offshoring take centre stage at Finexpo

Finexpo - Outsourcing Strategies, a new one-day conference and exhibition from Finextra on 5 June in London will feature keynote presentations from Deutsche Bank, IBM and Société Générale. It will also feature panel discussions covering best practice and the latest outsourcing trends on the sell-side and buy-side - from business processes such as trade execution, risk management and analysis through to back-office processing, infrastructure and application development.

09 May 2008

News/Dealing rooms

Nyse Euronext names Benjamin Chrnelich CAO of technology unit

Transatlantic exchange Nyse Euronext has appointed Lehman Brothers executive Benjamin Chrnelich as senior vice president and chief administrative officer at its recently-established trading technology unit.

09 May 2008

News/Dealing rooms

Nyfix clarifies acquisition strategy

US trading systems vendor Nyfix has moved to scotch reports that it is gearing up to merge with two un-named vendors and has stated that it is holding acquisition talks with a number of smaller firms.

06 May 2008

News/Dealing rooms

Standards bodies collaborate for interoperability

The major financial market standards bodies have collaborated to create an 'investment roadmap' aimed at eventually establishing ISO 20022 as the common financial messaging standard, while maintaining the existing independent protocols.

06 May 2008

News/Dealing rooms

Bravura board recommends takeover bid

The board of Australian pensions and wealth management technology vendor Bravura has disclosed plans for a management buy out in partnership with private equity firm Ironbridge Capital in a deal worth around A$272 million.

06 May 2008

News/Dealing rooms

Smartpool selects EuroCCP and LCH.Clearnet for clearing and settlement

EuroCCP and LCH.Clearnet have both been selected to provide clearing and settlement services for SmartPool - the pan-European electronic block trading platform being established by Nyse Euronext in partnership with HSBC and BNP Paribas.

06 May 2008

News/Dealing rooms

GL Trade shareholders exploring options

Nyse Euronext is one of a group of major shareholders in GL Trade that are considering "strategic options" for the French dealing systems vendor, including disposing of their shareholdings.

06 May 2008

News/Dealing rooms

Liquidnet Europe signs for Markit Boat platform

Electronic broker-dealer Liquidnet Europe has signed up to use the Markit Boat MiFID-compliant trade reporting platform.

02 May 2008

News/Dealing rooms

Barclays Stockbrokers launches spot FX trading for private investors

Barclays Stockbrokers has teamed with California-based Integral Development to launch a spot FX trading service for private investors on its Barx platform.

02 May 2008

News/Dealing rooms

SWX fines SocGen for trader violations

French banking group Société Générale (SocGen) has been fined SFr30,000 by SWX Swiss Exchange for failing to monitor its traders and allowing unregistered users to access the exchange's systems.

02 May 2008

News/Dealing rooms

David Hardy quits MF Global

David Hardy - the former head of LCH.Clearnet - has stepped down from his position of head of strategic market development at commodity broker MF Global.

02 May 2008

News/Dealing rooms

HSBC calls in police to probe alleged EUR90m fraud

UK banking giant HSBC has called in police to investigate an alleged attempted EUR90 million fraud at its securities services division, which is rumoured to have been perpetrated by operations staff at the bank.

01 May 2008

News/Dealing rooms

Morgan Stanley to open Montreal technology centre

US financial services giant Morgan Stanley is establishing a new technology facility in Montreal, Canada.

01 May 2008

News/Dealing rooms

Thomson Reuters reports solid Q1 for markets business

In its first set of results as a merged group, financial information vendor Thomson Reuters says its markets division - which houses Reuters' financial markets businesses as well as the Thomson Financial unit - reported a 69% rise in operating profit for the first quarter.

01 May 2008

News/Dealing rooms

Salaries and bonuses rise for risk professionals

Despite the fall out from the global credit crunch, risk professionals working in the capital markets industry saw their total compensation increase by an average of seven per cent in 2007, according to a global survey by recruitment outfit Risk Talent Associates (RTA).

01 May 2008

News/Dealing rooms

Van der Moolen deploys Orc algo trading technology

Dutch market maker Van der Moolen (VDM) has implemented algorithmic trading technology from Sweden's Orc Software across its London operations.

30 April 2008

News/Dealing rooms

IBM buys market data house InfoDyne

IBM has acquired privately-held InfoDyne Corporation which provides software that enables trading firms to process high volumes of market data in microseconds. Financial terms and conditions of the deal were not disclosed.

30 April 2008

News/Dealing rooms

Wall Street Systems acquires Aleri wholesale banking unit

Trading and treasury systems vendor Wall Street Systems (Wallstreet) has signed an agreement to acquire the wholesale banking business of New York-based Aleri.

29 April 2008