Dealing rooms

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/Dealing rooms

European court upholds Clearstream monopoly abuse charge

Europe's second-highest court has upheld a monopoly abuse charge brought by the European Commission against Deutsche Börse's settlement arm Clearstream five years ago.

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Nyse Euronext to sell options mart stake to dealer consortium

Nyse Euronext has agreed to sell a "significant" equity stake in one of the company's two US options exchanges to a consortium of market makers, including BofA Merrill Lynch, Barclays Capital, Citadel Securities, Citi, Goldman Sachs, TD Ameritrade and UBS

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Dealers to accelerate central clearing of OTC trades

Under pressure from regulators, 15 of Wall Street's biggest banks have committed to significantly increase the use of central counterparties to clear over-the-counter (OTC) derivatives.

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Barclays fined £2.45 million for transaction reporting failures

The Financial Services Authority (FSA) has fined Barclays Capital Securities and Barclays Bank £2.45m for failing to provide accurate transaction reports to the watchdog and for "serious weaknesses" in systems and controls in relation to transaction reporting.

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LSE closes in on TradElect replacement

Sri Lankan vendor MillenniumIT has emerged as the surprise favourite to provide the replacement for the London Stock Exchange's TradElect platform.

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Quote MTF launches into crowded market

Hungary-based Quote MTF has become the latest trading platform to enter the crowded post-MiFID European securities market.

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Derivatives market players warn Commission on dangers of over-regulation

Banks and brokers active in the derivatives markets have warned the European Commission to tread carefully in regulating the over-the-counter markets for fear of stifling innovation and increasing instability.

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LCH.Clearnet taps BT Radianz network

London clearing house LCH.Clearnet has selected BT's Radianz shared market infrastructure to connect to group members around the world.

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DTCC names Lehman veteran Bridget O'Connor CTO

The Depository Trust & Clearing Corporation (DTCC) has appointed former Lehman Brothers CIO Bridget O'Connor as managing director and chief technology officer.

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Nice to acquire Fortent for $73.5 million

Israeli digital recording firm Nice has acquired anti-money laundering outfit Fortent for $73.5 million in cash.

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Chi-X Europe latest to slash fees

Multilateral trading facility Chi-X Europe has outlined plans for an aggressive pricing promotion this autumn as the battle for equity market share across the continent continues to rage.

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Nyse Euronext to buy Nyfix for $144m

Nyse Euronext has entered into a definitive agreement to acquire, through its technology unit, US trading systems vendor Nyfix in a cash deal worth around $144 million.

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Morgan Stanley hires former Citi e-trading head Evans - WSJ

Morgan Stanley has hired former Citi electronic trading head Richard Evans to take charge of its automated execution business in the European equity markets, the Wall Street Journal reports.

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Nasdaq OMX and BM&F Bovespa in partnership talks; LSE and Nyse Euronext eye Indian bourse stakes

Nasdaq OMX and Brazil's BM&F Bovespa have entered into exclusive discussions aimed at setting up a strategic, commercial and technological partnership. Meanwhile, local press reports suggest the LSE and Nyse Euronext are both considering taking five per cent stakes in India's MCX-SX.

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Algo traders and dark pools under fire as US senator calls for market review

The Securities and Exchange Commission (SEC) has been urged to conduct a comprehensive review of market structure by US Senator Ted Kaufman, who warns that practices such as algorithmic trading and the use of dark pools may erode investor confidence.

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Instinet to acquire Torc Financial

Instinet is to step up its ambitions in the US options market with an agreement to acquire substantially all the business and assets of derivatives trading technology vendor Torc Financial.

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Deutsche Börse taps IBM messaging technology for new trading infrastructure

Deutsche Börse has selected messaging technology from IBM as part of a project to bring its Eurex, ISE and Xetra exchanges onto a common IT infrastructure.

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Researchers claim network delay tracking breakthrough

In a breakthrough that could prove significant for investment banks running electronic trading systems, computer scientists say they have developed an inexpensive way to track microsecond delays in data centre networks.

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Chi-Tech launches 'exchange-neutral' European trading network

Chi-Tech, the technology services unit of Chi-X Global, is to launch a new "ultra low-latency network" to provide multi-venue access to European trading destinations.

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Nyse Liffe shelves CDS clearing

Nyse Euronext subsidiary Liffe has suspended its European credit default swaps (CDS) clearing service after failing to attract a single trade since launching in December.