Latest Dealing rooms News: Finextra Research

LCH.Clearnet and DTCC in merger talks - report

European clearing house LCH.Clearnet is reported to be in talks with the US Depository Trust & Clearing Corporation (DTCC) about a possible merger that would create the first transatlantic provider of post-trade services.

29 April 2008

News/Dealing rooms

Oslo Børs re-thinks Genium upgrade

Oslo Børs is on the verge of pulling out of a deal to replace its trading infrastructure with the new Genium Trading system from Nasdaq OMX after discovering that the transatlantic exchange has changed the content and structure of the platform.

28 April 2008

News/Dealing rooms

Omgeo moves to eliminate paper confirm disclosures

Post trade processing outfit Omgeo says its broker dealer clients will soon be able to eliminate paper-based disclosures associated with trade confirmations and send the information electronically, whilst complying with SEC regulations.

28 April 2008

News/Dealing rooms

Nyse Euronext inks TSE options trading deal

Nyse Euronext has won a deal to supply an options trading system, based on its Liffe Connect platform, to the Tokyo Stock Exchange (TSE).

28 April 2008

News/Dealing rooms

CLSA to launch dark pool in Asia

CLSA Asia-Pacific Markets, a Hong Kong-based subsidiary of Credit Agricole, is preparing to launch a dark pool exclusively for block trading in Asia.

28 April 2008

News/Dealing rooms

Trading tech spending to rise, despite crunch

The latest dealing room survey from Kimsey Consulting forecasts that around 12,000 trading positions will be cut around the world by 2011, but expenditure on trading technology is set to rise globally by 4.3% over the same period.

28 April 2008

News/Dealing rooms

Investment bank IT salaries hold up in face of crunch

Despite the impact of the global credit crunch, IT salaries in the investment banking sector are being kept afloat due to "aggressive moves" for staff by firms unaffected by the downturn.

25 April 2008

News/Dealing rooms

Algo trading winning out over alternative execution strategies - TradingScreen

Investors using algorithmic trading tools are seeing significant improvements in performance over alternative execution strategies, according to an analysis of deal activity at 200 hedge funds and asset managers conducted by EMS vendor TradingScreen.

24 April 2008

News/Dealing rooms

FactSet to take on Thomson Fundamentals database

Financial analytics vendor FactSet Research Systems is to acquire a copy of the Thomson Fundamentals database from Thomson Reuters.

23 April 2008

News/Dealing rooms

Back offices buckle under OTC volume surge

Despite concerted efforts since 2005 to improve operational efficiency in the credit derivatives markets, trading surges in the OTC markets since the credit crunch have resulted in corresponding spikes in unconfirmed trades clogging up back offices.

23 April 2008

News/Dealing rooms

Crunch to squeeze sell side spending on technology

Spending on technology by sell side firms in North America will rise at a compound annual growth rate (CAGR) of just 1.3% through to 2011 - down significantly from the 8.5% growth seen between 2004 and 2007, as companies hit by the credit crunch revise IT budgets, according to a study by analyst house Celent.

23 April 2008

News/Dealing rooms

BarCap buys assets of power market analysis outfit PowerLytix

Barclays Capital has acquired the assets of PowerLytix, a market data analysis vendor focused on the US electricity and natural gas markets. Financial terms of the deal were not disclosed.

18 April 2008

News/Dealing rooms

Basel Committee calls for financial market shock treatment

Financial regulators will push banks to overhaul risk management practices and improve liquidity cushions as part of a series of measures aimed at making the global banking system more resilient to "financial shocks" such as the credit crunch.

17 April 2008

News/Dealing rooms

Thomson Reuters shares slide in debut

Shares in the newly merged Thomson Reuters Group dropped in their debut on the London Stock Exchange (LSE) today amid concerns that the business will be badly impacted by the turmoil in the financial markets.

17 April 2008

News/Dealing rooms

Patsystems says customers delaying buying decisions

London trading technology vendor Patsystems says major buying decisions by clients "are concluding more slowly than usual" as the credit crisis bites but trading in 2008 has been in line with expectations so far.

17 April 2008

News/Dealing rooms

Furse calls for regulators to intervene on vertical silos

London Stock Exchange (LSE) chief executive Clara Furse has called on the UK's regulators to act to prevent a "domino effect" of spreading anti-competitive behaviour in the exchange clearing business.

17 April 2008

News/Dealing rooms

Bats makes first appointments in Europe

US-based ECN operator Bats Trading has hired former Euronext Liffe MD Mark Hemsley and Morgan Stanley veteran Paul O'Donnell to head its new European operations.

17 April 2008

News/Dealing rooms

Bank of New Zealand installs IPC dealing kit

Bank of New Zealand (BNZ) has completed installation of IPC voice trading technology across its trading floors.

16 April 2008

News/Dealing rooms

Credit crunch to cost 20,000 City jobs

As many as 20,000 City jobs will be culled over the next two years as a result of the global credit crunch, according to a report from the centre for economics and business research (CEBR) which warns that the employment downturn will be worse than during the dotcom crash.

14 April 2008

News/Dealing rooms

Bats chooses Savvis to host European platform

US-based Bats Trading, the all-electronic alternative to Nasdaq and Nyse, has selected IT vendor Savvis to host its new European equities platform which it plans to launch later this year.

14 April 2008