Latest Dealing rooms News: Finextra Research

Facebook share fall triggers circuit breaker

Facebook's share price continued to tumble yesterday, dropping so sharply that it triggered Nasdaq's short sale circuit breaker.

30 May 2012

News/Dealing rooms

Fear the number 13: Superstitious fund algo picks stocks based on numerology

A "superstitious" trading fund that uses an algorithm that picks stocks based on numerology and astrology is being launched by a design student.

29 May 2012

News/Dealing rooms

Goldman bond platform launch delayed by glitches - FT

Goldman Sachs has pushed back the launch of an electronic corporate bond trading platform because of technical problems, according to the Financial Times.

29 May 2012

News/Dealing rooms

After closing Twitter-based fund, Derwent offers sentiment software to day traders

Having shuttered its Twitter sentiment-based hedge fund after just one month, Derwent Capital Markets is changing tack and opening up its technology to day traders through a Web site and mobile app.

25 May 2012

News/Dealing rooms

US to explore shortened trade settlement cycle

The Depository Trust & Clearing Corporation (DTCC) in partnership with the Securities Industry and Financial Markets Association has commissioned the Boston Consulting Group to research the prospect of shortening US trade settlement cycles.

23 May 2012

News/Dealing rooms

Bloomberg and Reuters add domain name index to sites

Bloomberg and Reuters have both added the IDNX domain price index, which uses Sedo market data, to their Web sites.

22 May 2012

News/Dealing rooms

Clearstream and Iberclear team on Spanish collateral management service

Clearstream has inked a deal with BME-owned central securities depository Iberclear, that will see the pair develop a tri-party collateral management service for Spain by 2013.

22 May 2012

News/Dealing rooms

Nomura sells Swedish tech unit to Cinnober

Nomura has sold its Swedish technology outpost to local trading IT supplier Cinnober.

21 May 2012

News/Dealing rooms

Facebook float tests Nasdaq resilience as stock opening delayed

Trading in Facebook shares on the Nasdaq was delayed for 30-minutes after the opening bell, as the Exchange's systems struggled to keep pace with massive retail-led demand for the stock.

18 May 2012

News/Dealing rooms

Icap in talks to buy Plus Markets' exchange business

Icap is in talks with Plus Markets Group to acquire the distressed small cap market's equities exchange business "for a nominal sum".

17 May 2012

News/Dealing rooms

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