1492 articles tagged with this keyword
News/Dealing rooms
The Tokyo Stock Exchange is to delay the launch of its next generation trading system from late 2009 to the first business day of 2010 following consultation with CIOs from major trading firms on the Exchange.
05 November 2008
Nasdaq OMX has acquired Chicago-based Bloom Partners, a supplier of market intelligence services to public companies. Terms of the deal were not disclosed.
04 November 2008
Automated fixed income network Tradeweb is to become a full-service inter-dealer broker after acquiring US voice brokerage Hilliard Farber. Terms of the deal were not disclosed.
03 November 2008
Software developers iStockManager and Infiniti Global Solutions have developed iPhone and iPod Touch trading applications for customers of online broker TD Ameritrade.
31 October 2008
The London Stock Exchange moved a step closer to ending the uncertainty surrounding its proposals to launch a dark pool for pan-European equities trading by naming former Lehman staffer John Wilson as chief executive of Baikal.
30 October 2008
Merrill Lynch, Goldman Sachs, JPMorgan and Credit Suisse have taken a minority equity interest in ASP-based risk management and compliance outfit FTEN as the company looks to expand beyond the US.
IntercontinentalExchange is to acquire The Clearing Corporation of Chicago as it gears up for the launch of a central counterparty clearing system for the credit default swaps market in conjunction with nine global dealers.
US-based hedge funds are to cut total IT spending by 40% in 2009, to $882 million, says a new Tabb Group study.
29 October 2008
Italian bank-backed interbank deposit and swaps mart e-MID has contracted with local software house List and BT Radianz to provide the backbone for its new electronic money market platform, servicing 258 member banks in 26 countries worldwide
UK market data outfit Markit is working with the Tokyo Stock Exchange to explore opportunities for the creation of new financial indices and valuation services and the promotion of improved post-trade processing for over-the-counter derivatives in Japan.
28 October 2008
The Johannesburg Stock Exchange has made a R173 million bid for the Bond Exchange of South Africa (Besa)
27 October 2008
Thomson Reuters has launched a hosted, low latency direct market data feed to the US Options Agency (Opra).
The New York Stock Exchange is to banish the privileged position of specialist firms on the trading floor as it bids to keep pace with competitors operating on faster automated platforms.
The London Stock Exchange has hired a headhunter to find a replacement for chief executive Clara Furse, who has fended off a string of hostile takeovers during her eight year tenure at the LSE helm.
TransAtlantic exchange operator Nyse Euronext has launched TradeCheck, an online service designed to measure best execution performance across 18 European exchanges and markets.
23 October 2008
BATS European Markets Division, Chi-X Europe and Nasdaq OMX Europe have formed an open, industry working group to develop a uniform symbology framework for trading European stocks.
22 October 2008
The US-based Depository Trust and Clearing Corporation is to buy London's LCH.Clearnet for a total consideration of €739 million in an effort to create the world's leading clearing house.
Merrill Lynch CEO John Thain says he expects to see thousands of job cuts in IT, finance, and administration as the company looks for $7 billion in savings from its merger with Bank of America.
20 October 2008
UK trading systems vendor Fidessa has warned of declining visibility in its financial forecasting stemming from increased consolidation in the investment banking sector and "further pressure on expenditure at a number of our customers".
Chi-X, the multilateral trading facility that is seeking to break the hegemony of incumbent European exchanges, moved into profitability for the first time in September, just 17 months after launch.
16 October 2008
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