Latest Dealing rooms News: Finextra Research

Deutsche Börse maintains silence as Neonet confirms take-over talks

Swedish agency broker and systems supplier Neonet has confirmed it is in takeover talks. The confirmation comes a day after German newspaper Handelsblatt reported that Deutsche Börse was lining up a bid.

06 January 2009

News/Dealing rooms

Deutsche Börse to buy financial news agency from Xinhua

Deutsche Börse is to acquire the US-based financial news agency Market News International (MNI). A purchase agreement was signed last Friday. Market News International will become a 100 per cent subsidiary of Deutsche Börse for US$10 million in cash. The transaction is expected to close by the end of January 2009, subject to approval of the German competition commission (Bundeskartellamt).

22 December 2008

News/Dealing rooms

Euroclear to introduce ISO 200022-approved corporate actions standard

Euroclear is to introduce a new set of ISO 200022-compliant messages for the exchange of corporate actions information and instructions between central securities depositories and issuer-appointed agents,

18 December 2008

News/Dealing rooms

MF Global to exit US Futures Exchange

MF Global is to write off its 48% stake in ailing US Futures Exchange, spurring the mart to a last ditch effort to find a buyer for the business before the year end.

18 December 2008

News/Dealing rooms

Glitch knocks out TSX

Trading on the Toronto Stock Exchange and the small-cap TSX Venture Exchange is expected to resume Thursday morning after a technical glitch with data feeds shut both down for the whole of Wednesday.

18 December 2008

News/Dealing rooms

Morningstar buys Tenfore for £13.5m

Chicago-based investment research provider Morningstar has moved into the real-time market data business with the acquisition of Tenfore Systems for around £13.5 million in cash.

17 December 2008

News/Dealing rooms

Newedge to deploy GL Trade's hosted processing for listed derivatives

GL Trade has closed a deal with Newedge Group, the global multi-asset brokerage firm, to extend the use of GL Instant Brokerage globally from its UK business to also cover its brokerage operations in Paris, New-York and Hong Kong.

16 December 2008

News/Dealing rooms

Nyse Euronext begins migration to Universal Trading Platform

Nyse Euronext has begun moving over to its new Linux-based multi-asset class, Universal Trading Platform (UTP) with the migration of European bond products.

12 December 2008

News/Dealing rooms

Former Lehman IT exec takes top tech spot at FBI

Chad Fulgham, a former IT executive at bankrupt investment bank Lehman Brothers, has joined the Federal Bureau of Investigation (FBI) as chief information officer.

11 December 2008

News/Dealing rooms

Big Blue scores with Friends Provident and the Chilean Stock Exchange

UK life and pensions outfit Friends Provident has inked a 10 year, £200 million, IT and infrastructure services outsourcing deal with IBM.

10 December 2008

News/Dealing rooms

Instinet execution data shows 'MTF effect' on European share trading

The success of new alternative European trading venues in winning business away from incumbent domestic exchanges has been demonstrated in the latest batch of execution figures released by Instinet Europe covering the 12 months since the introduction of the Markets in Financial Instruments Directive (MiFID).

10 December 2008

News/Dealing rooms

JSE wins support for revised Bond Exchange tender

The Johannesburg Stock Exchange has reached agreement to buy the Bond Exchange of South Africa after raising its initial offer price by 39% from R173 million to R240.58 million.

10 December 2008

News/Dealing rooms

Cantor speculates on box office entertainment

Cantor Fitzgerald has filed an application with regulators to launch an exchange that will allow users to hedge and speculate on the financial performance of movies.

08 December 2008

News/Dealing rooms

Investment managers call for urgent UK reform following Lehman 'chaos'

The UK's Investment Manager's Association has called for urgent reform of stock trading and settlement rules after the 'chaos' inflicted on the markets by an escalation in failed trades following the overnight collapse of Lehman Brothers.

08 December 2008

News/Dealing rooms

Icap hires Daemon Bear to head dark pool MTF for stock trading

Interdealer broker Icap is planning to launch an alternative stock trading platform in the second half of 2009, according to Bloomberg.

05 December 2008

News/Dealing rooms

Markit releases MiFID fragmentation analysis

Financial information outfit Markit has combined with eleven top dealers to provide a consolidated source of aggregated data on market activity and liqudity across fragmenting European trading destinations.

04 December 2008

News/Dealing rooms

London Stock Exchange set to oust Nasdaq OMX in Norway

The London Stock Exchange has executed a daring raid on the 'home' turf of Nasdaq OMX, after signing a letter of intent with Oslo Børs to establish a strategic partnership and provide a new trading system.

04 December 2008

News/Dealing rooms

Black Thursday for financial markets as job losses mount

Financial markets have been rocked by a further series of massive job reductions at top firms, including Credit Suisse, Nomura, Commerzbank/Dresdner Kleinwort, State Street, and Jefferies.

04 December 2008

News/Dealing rooms

Buy side shys away from block crossing as volatility increases - Tabb

Market volatility is forcing US equity trader to change their execution strategies, contributing to a marked decline in block trading over crossing networks, notes a new report from analyst group Tabb.

03 December 2008

News/Dealing rooms

EMXCo names Euroclear's Yannic Weber CEO

Brussels-based depository Euroclear has installed its UK and Ireland chief executive officer Yannic Weber as CEO of subsidiary firm EMXCo, which provides electronic messaging to automate the flow of investment fund orders.

03 December 2008