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Nasdaq OMX hits out at LSE tariff

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Nasdaq OMX hits out at LSE tariff

A move by the London Stock exchange (LSE) to impose a special tariff on equity orders channelled to its market from competing platforms has led to accusations of "anti-competitive behaviour" from rival Nasdaq OMX.

Postbank deploys Asset Control data management software

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Postbank deploys Asset Control data management software

Germany's Postbank is rolling out Asset Control's AC Plus financial and reference data management software.

JP Morgan becomes SmartPool partner

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JP Morgan becomes SmartPool partner

JP Morgan is joining Nyse Euronext, HSBC and BNP Paribas as a partner in SmartPool, the pan-European electronic block trading platform set to launch in November.

EuroCCP moves to take advantage of Fortis woes; offers clearing for MTFs

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EuroCCP moves to take advantage of Fortis woes; offers clearing for MTFs

European Central Counterparty Limited (EuroCCP), the European subsidiary of The Depository Trust & Clearing Corporation (DTCC) says it is ready to step into the breach and provide clearing services for European MTFs such as Chi-X, Nasdaq OMX, Bats and other new execution venues served by troubled Belgian bank Fortis.

Euroclear signs for BT managed security services

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Euroclear signs for BT managed security services

European depository Euroclear has signed a three year deal with UK telco BT for the provision of security monitoring and management services.

CCorp says CDS clearing counterparty will launch by year-end

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CCorp says CDS clearing counterparty will launch by year-end

Chicago-based CCorp (the Clearing Corporation) has moved to quell rumours that its plans for developing a central counterparty for credit risk has faltered, and has pledged to launch the new facility by the end of the year.

Nasdaq OMX launches European platform

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Nasdaq OMX launches European platform

Transatlantic exchange operator Nasdaq OMX says trading has begun on its new MiFID-compliant pan-European trading and routing facility.

TriOptima claims credit as CDS backlogs recede

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TriOptima claims credit as CDS backlogs recede

OTC post-trade processor TriOptima is claiming much of the credit for a 12% industry-wide decline in outstanding credit default swaps transactions, as dealers move to tear up offsetting deals and reduce the backlogs clogging up back offices.

Short-selling ban stirs e-trading confusion

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Short-selling ban stirs e-trading confusion

A surge in trading volumes after the US Securities and Exchange Commission (SEC) banned short selling last week caused glitches on electronic platforms that cancelled thousands of trades, according to a Wall Street Journal (WSJ) report.

LSE pursues competitive clearing model

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LSE pursues competitive clearing model

The London Stock Exchange (LSE) has confirmed plans to allow Swiss central counterparty SIS x-clear to join LCH.Clearnet as a competitive provider of clearing services on its equity market.

Burgundy MTF selects Cinnober trading technology

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Burgundy MTF selects Cinnober trading technology

Stockholm-based Cinnober has won a deal to provide the platform for Burgundy, the multilateral trading facility (MTF) being established by a group of the largest banks and brokers in Sweden.

Misys reports Mizuho implementation

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Misys reports Mizuho implementation

Japan's Mizuho Corporate Bank is rolling out core banking technology from UK vendor Misys across its European operations as part of an initiative to standardise business processes across its global network.

New platforms to challenge LSE on reference data

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New platforms to challenge LSE on reference data

Chi-X, Turquoise and Nasdaq OMX have joined an informal working group formed by Plus Markets to explore alternative market data and price reporting services to those provided by the London Stock Exchange (LSE).

CME Group joins Linux Foundation

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CME Group joins Linux Foundation

Derivatives exchange operator CME Group has joined the Linux Foundation, with its associate director Vinod Kutty taking on the chair of the organisation's end user council.

Nasdaq OMX eyes London listings

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Nasdaq OMX eyes London listings

Transatlantic exchange Nasdaq OMX has disclosed plans to establish a listings venue in London, just days ahead of the launch of its MiFID-compliant pan-European multilateral trading facility.

North American securities industry IT spending to plummet

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North American securities industry IT spending to plummet

The bankruptcy of Lehman Brothers and acquisition of Merrill Lynch by Bank of America will contribute to a fall of nearly 15% in IT spending by the securities industry in North America next year, according to Tabb Group.

Funds industry standards could be years away, says Clearstream

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Funds industry standards could be years away, says Clearstream

Interoperable standards between banks, fund managers and their intermediaries could take decades to emerge, according to European clearing and settlement body Clearstream.

Plus takes LSE to court over "anti-competitive" trade reporting rule

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Plus takes LSE to court over "anti-competitive" trade reporting rule

Plus Markets, the quote-driven trading system for AIM-listed stocks, has filed an action in the High Court claiming an LSE trade reporting rule is "anti-competitive".

Chi-X defends risk model for its CCP

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Chi-X defends risk model for its CCP

Technology rather than headcount is the basis for managing risk in the clearing and settlement of equity trades, according to an executive with alternative trading platform Chi-X

LCH.Clearnet turns to Tata for derivatives clearing platform; unwinds Lehman positions

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LCH.Clearnet turns to Tata for derivatives clearing platform; unwinds Lehman positions

The largest clearing house in Europe, LCH.Clearnet, has selected Tata Consultancy Services (TCS) Financial Solutions Bancs product as the underlying system for its multi-asset derivatives clearing platform.

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