Latest Dealing rooms News: Finextra Research

Quadriserv and Eurex Clearing team on transatlantic CCP for securities lending

Eurex Clearing is partnering North America's Quadriserv to offer central counterparty (CCP) clearing and settlement services for securities lending of European equities.

27 January 2009

News/Dealing rooms

Nyse Euronext and Bids get SEC approval for block trading JV

Nyse Euronext and Bids Holdings are set to launch a block trading execution platform later this week, after receiving the greenlight from the Securities and Exchange Commission.

27 January 2009

News/Dealing rooms

Turquoise increases rebates for high volume traders

As the battle for market share in European stocks ramps up, bank-backed equity trading venue Turquoise says it will increase the rebates it pays to members for posting bids on its order books.

26 January 2009

News/Dealing rooms

Turquoise secures funding

Bank-backed equity trading venue Turquoise has raised enough money in a recent round of funding to secure its financial position for the rest of the year, the FT reports.

23 January 2009

News/Dealing rooms

European Commission ready to mandate central clearing for CDS deals - Reuters

The European Commission is set to introduce legislation forcing market participants to adopt central clearing of credit derivatives transactions, an anonymous source from the EU's executive body has told Reuters.

22 January 2009

News/Dealing rooms

Autonomy agrees blockbuster deal to acquire Interwoven

British search management software house Autonomy is to acquire US-based Interwoven for $775 million.

22 January 2009

News/Dealing rooms

Marfin Popular Bank signs for SmartStream reconciliation platform

Cyprus-based Marfin Popular Bank has chosen SmartStream's TLM Corona as its enterprise reconciliation platform.

21 January 2009

News/Dealing rooms

Standard Chartered deploys Apama FX aggregation software

Standard Chartered Bank has gone live with the Progress Apama FX Market Aggregation Accelerator in a deployment spanning currency trading desks in three continents.

21 January 2009

News/Dealing rooms

EuroCCP makes move on Spain as Turquoise gears up for expansion

DTCC subsidiary European Central Counterparty (EuroCCP) is to extend its footprint to Spain next month, as it provides clearing and settlement support for the next stage in the expansion of the bank-backed Turquoise trading platform.

20 January 2009

News/Dealing rooms

Statpro says full year results in line

Statpro, an AIM-listed supplier of portfolio analytics software for fund managers, says it expects full year results to be in line with market expectations and predicts a "solid" 2009.

20 January 2009

News/Dealing rooms

Thomson Reuters launches consolidated tape

Thomson Reuters has launched a consolidated pan-European securities data feed in an effort to combat the fragmentation of market data prices under the MiFID regulatory regime.

19 January 2009

News/Dealing rooms

Neonet abandons takeover talks

Swedish agency broker and systems supplier Neonet has pulled out of take-over talks with an un-named counterparty and says that no offer has been received for the company.

16 January 2009

News/Dealing rooms

ICFR chief to set out new risk management agenda at Finexpo

Barbara Ridpath, chief executive of the newly-formed International Centre for Financial Regulation - a London think tank established by 19 leading financial institutions in co-operation with the UK Government and the City of London - is to participate in the opening panel at Finextra's forthcoming risk and transaction management event in February.

16 January 2009

News/Dealing rooms

SWX Europe chief Hodgkinson quits

SWX Europe chief Lee Hodgkinson is quitting the Swiss-based SIX Group at the end of April to "pursue a new challenge".

14 January 2009

News/Dealing rooms

LSE appoints Baikal commercial director and COO

The London Stock Exchange has appointed a commercial director and chief operating officer for Baikal, its forthcoming dark liquidity trading venue.

14 January 2009

News/Dealing rooms

Barclays doubles job cuts to 4200

Having confirmed plans to cut 2100 jobs across its investment banking and wealth management businesses, Barclays Bank has shocked staff by signalling its intention to shrink the workforce at its UK operations by a further 2100 positions.

14 January 2009

News/Dealing rooms

Instinet Europe implements Broadridge back office ASP

Instinet Europe has signed for outsourcing provider Broadridge Financial Solutions' international securities processing system, Gloss.

14 January 2009

News/Dealing rooms

System rationalisation to hit OMS and EMS spending - Tabb

Spending on order and execution management systems is expected to slide significantly over the coming year as buy-side firms worldwide looks to consolidate system and rationalise their use of trading technology during the downturn, according to research from analyst house Tabb.

13 January 2009

News/Dealing rooms

Back-office Merrill workers file overtime suit

Merrill Lynch, and its new owner Bank of America, are being sued by two back-office derivatives employees who claim they have not been paid overtime owed under the federal Fair Labor Standards Act.

13 January 2009

News/Dealing rooms

EC initiates antitrust case against S&P

The European Commission (EC) has opened formal proceedings against Standard & Poor's (S&P) to look into whether the US firm abused its dominant market position by forcing financial firms to pay for the use of US securities numbering codes when accessing data from third party vendors.

13 January 2009