Latest Dealing rooms News: Finextra Research

LCH.Clearnet eyes forex markets

Anglo French group LCH.Clearnet is looking into ways of providing clearing services for the lucrative foreign exchange markets, according to a Financial Times report.

16 October 2008

News/Dealing rooms

Firms to increase spending on low-latency options trading technology

North American hedge funds and asset managers will spend $253 million on low-latency options infrastructures in 2008 and this is set to rise to $305 million in 2011, a compound annual growth rate (CAGR) of six per cent, according to Tabb Group.

16 October 2008

News/Dealing rooms

Nasdaq OMX buys stake in EMCF

Transatlantic exchange Nasdaq OMX is acquiring a 22% equity stake in European Multilateral Clearing Facility (EMCF), the Fortis Bank subsidiary that was taken over by the Dutch government.

16 October 2008

News/Dealing rooms

Nasdaq clearing service to compete with DTCC

Market operator Nasdaq OMX is gearing up to launch a clearing and settlement system for US cash equities that will compete directly with industry-owned Depository Trust and Clearing Corporation (DTCC).

14 October 2008

News/Dealing rooms

StatPro raises £2m in share placing; accelerates cost-cutting programme

AIM-listed StatPro Group, a supplier of analytical services to the asset management community, has raised £2 million in a share placing to boost its working capital and says it will accelerate its restructuring programme in a bid to reign in costs.

14 October 2008

News/Dealing rooms

Eurex outlines CDS clearing proposal

Derivatives exchange Eurex has unveiled its proposal for establishing a central clearing system for the over-the-counter (OTC) credit markets which it says has "received support from European authorities".

13 October 2008

News/Dealing rooms

Instinet's Balarkas and Icap's Lyall to keynote at Finexpo

European securities industry leaders will gather at The Brewery in London this week for a 'state of the nation' debate about the future of trading in European markets.

13 October 2008

News/Dealing rooms

CCorp unveils ICE alliance as Fed mulls CDS clearing proposals

The Chicago-based Clearing Corporation (CCorp) has recruited IntercontinentalExchange (ICE) to join its initiative to create a central clearing counterparty for the credit default swaps (CDS) market.

10 October 2008

News/Dealing rooms

CME and Thomson Reuters dump FXMarketSpace JV

CME Group and Thomson Reuters are closing FXMarketSpace, the centrally-cleared foreign exchange marketplace established last year, after the venture failed to attract the liquidity levels expected.

10 October 2008

News/Dealing rooms

Merrill Lynch implements IBM iDataPlex 'cloud' servers

Merrill Lynch is installing IBM's iDataPlex 'cloud' servers to help reduce energy costs and power consumption at its data centre.

10 October 2008

News/Dealing rooms

Nyse Euronext MTF to offer competitive clearing

Transatlantic exchange Nyse Euronext has selected EuroCCP to provide clearing and settlement services for its new European multilateral trading facility (MTF) when it launches in November, but it will open up the platform to competing clearing houses next year.

08 October 2008

News/Dealing rooms

CME and Citadel invite industry to take stakes in CDS counterparty JV

The Chicago Mercantile Exchange is teaming up with Citadel to launch a credit default swaps trading platform and central counterparty facility. News of the move comes as the Federal Reserve meets with industry leaders to push for new risk mitigation techniques in the over-the-counter markets.

07 October 2008

News/Dealing rooms

Chi-X Europe gets FSA approval for proximity-based sponsored access

Multi-lateral trading facility Chi-X Europe says its trading participants can now provide their clients with a "sponsored access" direct connection to its matching engine after the Financial Services Authority (FSA) approved the move.

07 October 2008

News/Dealing rooms

Fortis' clearing subsidiary EMCF passes into state control

Ownership of EMCF, the Fortis Bank subsidiary that provides clearing services to Instinet Chi-X and Nasdaq OMX, has been passed to the Dutch government as part of a EUR16.8 billion rescue package.

06 October 2008

News/Dealing rooms

RiskMetrics acquires UK outfit Applied4 Technology

New York financial analytics firm RiskMetrics Group has bought UK-based Applied4 Technology - a specialist provider of performance attribution software and services - for an undisclosed sum.

06 October 2008

News/Dealing rooms

Nomura to buy Lehman Indian BPO operations

Japanese securities firm Nomura says it will acquire the Indian back office and technology operations of bankrupt Lehman Brothers. Financial terms of the agreement were not disclosed.

06 October 2008

News/Dealing rooms

UBS cuts 2000 investment bank jobs

Swiss bank UBS is axing around 2000 investment banking jobs as part of an overhaul designed to "recalibrate" the business and weather the crisis in the financial markets.

03 October 2008

News/Dealing rooms

SocGen automates equity derivative confirmations with Thunderhead

Société Générale Corporate & Investment Banking (SG CIB) has deployed Thunderhead's document generation technology to automate the creation of equity derivative trade confirmations.

02 October 2008

News/Dealing rooms

Bombay Stock Exchange set to ditch Nasdaq OMX platform

The Bombay Stock Exchange (BSE) is considering scrapping a deal with Nasdaq OMX for the implementation of a trading and clearing platform following concerns about the technical specifications and delivery of the system.

02 October 2008

News/Dealing rooms

CFTC and FSA to lead commodities task force

The US Commodity Futures Trading Commission (CFTC) and the UK's Financial Services Authority (FSA) will head up a task force - established by the technical committee of the International Organisation of Securities Commission (IOSCO) - that will examine regulation of the commodities markets.

02 October 2008