Latest Dealing rooms News: Finextra Research

Bank spending on legal entity data management set to soar - Aite

Bank spending on legal entity data management is expected to reach approximately $197.5 million by 2015, according to figures compiled by analyst house Aite.

17 May 2012

News/Dealing rooms

Up to one in ten trades still fail to settle on time

With market regulators pushing for a shortening of settlement cycles, new research from trade matching utility Omgeo indicates that trade failure rates may be as high as 10% in the equity market and seven per cent in fixed income markets.

16 May 2012

News/Dealing rooms

Morgan Stanley penalised for DMA algo trade gone wrong

Nasdaq OMX Stockholm has slapped a Skr400,000 fine on Morgan Stanley after a Direct Market Access (DMA) client of the US bank mis-keyed an algo trade that spooked the markets and triggered an intraday auction by one of the Exchange's automatic volatility guards.

16 May 2012

News/Dealing rooms

Nomura shakes up electronic trading operations

Japanese securities house Nomura is to overhaul its electronic trading business across the globe, shuttering its Instinet subsidiary in Tokyo and shifting its US desks to the agency brokerage's technology platform in New York.

15 May 2012

News/Dealing rooms

Nasdaq to compete with brokers in algo trading

Nasdaq OMX plans to compete with US brokers in the provision of algorithmic trading software tools.

14 May 2012

News/Dealing rooms

Plus Markets to wind down business after sales talks subside

UK exchange operator Plus Markets is to wind down its business after failing to find a suitable takeover partner.

14 May 2012

News/Dealing rooms

Surveillance spend to soar as regulators crack down - Tabb Group

Spending on market surveillance programmes covering equities and derivatives trading across Europe will grow by at least eight per cent in 2012, increasing from EUR105 million in 2011 to EUR126 million by 2014, according to research from Tabb Group.

11 May 2012

News/Dealing rooms

Chi-X and SGX shutter Asian dark pool

Chi-East, the cross-border Pan-Asian dark pool launched by Instinet-owned Chi-X Global and the Singapore Stock Exchange, is to cease trading after failing to attract sufficient volumes.

10 May 2012

News/Dealing rooms

Markit to buy Cadis

Financial information vendor Markit has agreed to buy enterprise data management (EDM) specialist Cadis. Financial terms of the deal were not disclosed.

09 May 2012

News/Dealing rooms

Swift faces lock-out from LEI roll-out

The Financial Stability Board has abandoned plans for a global registration authority for Legal Entity Identifiers in favour of a federated network, dealing a hammer blow to the ambitions of interbank messaging network Swift to play a central role in the roll out of the new standards.

04 May 2012

News/Dealing rooms

Norwegian court acquits day traders in algo cracking case

A pair of Norwegian day traders who cracked the algorithms of US broker Timber Hill have been cleared of wrongdoing by the Supreme Court, according to local press reports.

02 May 2012

News/Dealing rooms

OpenMama project serves up first release; welcomes new participants

OpenMama, the middleware agnostic messaging API that went open source last year, has made available a new version and added IBM, Tick42 and TS-Associate to its steering committee.

01 May 2012

Finextra TV/Dealing rooms

Regulation is not the biggest social media challenge

David Oates, VP of Actiance EMEA, looks at social media challenges and trends at this years Social Media Days.

30 April 2012

Finextra TV/Dealing rooms

Social media as priority

Christopher Kelly, UK channel manager at eToro, explains why his CEO sees eToro as a social business first and an FX dealer second.

30 April 2012

News/Dealing rooms

LCH.Clearnet in discussions to acquire IDCG from Nasdaq OMX

European clearing house LCH.Clearnet has confirmed that it is in discussions to acquire International Derivatives Clearing Group (IDCG) from Nasdaq OMX as it bids to grow its interest rate swaps business in the US.

24 April 2012

News/Dealing rooms

Finance Watch demands European HFT crackdown

Finance Watch, a European association lobbying under the banner 'making finance serve society', has called on the EU to crack down on high-frequency trading.

24 April 2012

News/Dealing rooms

Trading Technologies cuts 100 jobs

US fintech vendor Trading Technologies International (TT) is reducing its workforce by around a sixth, laying off 100 employees.

23 April 2012

News/Dealing rooms

SEC charges Brit twins over $1.2m fake stock picking robot scam

The US Securities and Exchange Commission has charged twin brothers from England with using a fake "stock picking robot" to defraud around 75,000 investors out of $1.2 million.

23 April 2012