Latest Dealing rooms News: Finextra Research

Bats distributes real-time market data on Yahoo

In a move to lure more US retail investors to its trading platform, Bats Trading - the all-electronic alternative to Nasdaq OMX and Nyse Euronext - has struck a deal to provide its real-time US stock quotes free of charge to users of Yahoo! Finance.

28 May 2008

News/Dealing rooms

Australia's Bell Direct selects Sybase 365 technology for mobile trading service

Australian online broker Bell Direct has chosen Sybase 365 to power a new mobile platform that will enable investors to trade shares using SMS text messages.

27 May 2008

News/Dealing rooms

ECB calls on depositories to join securities settlement project

The European Central Bank (ECB) is calling on central securities depositories (CSDs) to sign up to Target2-Securities (TS2), its proposed integrated securities settlement system in the euro zone.

23 May 2008

News/Dealing rooms

State Street Global Markets acquires SSISearch

Investment research and trading outfit State Street Global Markets has acquired UK reference data provider SSISearch. Financial terms of the deal were not disclosed.

22 May 2008

News/Dealing rooms

FfastFill buys Australia's Exchange Technology

UK derivatives trading vendor Ffastfill has bought Exchange Technology, an Australian provider of middle office and trading software, for A$2.5 million.

22 May 2008

News/Dealing rooms

Moody's hit by report of computer coding error

Credit ratings outfit Moody's has launched an external review following reports that it awarded incorrect ratings to billions of dollars of complex debt products due to a computer coding error.

21 May 2008

News/Dealing rooms

Statpro says Q1 trading ahead of last year

Statpro, an AIM-listed supplier of portfolio analytics software for fund managers, says its current trading is in line with market expectations and "significantly ahead of the first four months of 2007".

21 May 2008

News/Dealing rooms

Icap profit jumps 31%; eyes acquisitions

After reporting a healthy 31% rise in full year pre-tax profit, London-based interdealer broker Icap says it is on the look out for more acquisitions, despite indications that the market volatility that boosted its trading volumes is returning to normal levels.

20 May 2008

News/Dealing rooms

Goldman Sachs, Morgan Stanley and UBS in dark liquidity pact

Wall Street banks Goldman Sachs, Morgan Stanley and UBS have agreed a series of bi-lateral agreements that will allow their US clients to access each bank's dark liquidity pools.

20 May 2008

News/Dealing rooms

Thomson Reuters cuts 835 jobs

Recently-merged Thomson Reuters is axing 835 jobs - including 650 content, technology and operations roles - as it looks to cut costs and eliminate overlap between the two businesses.

19 May 2008

News/Dealing rooms

LSE to offer equity research on smaller firms

In an attempt to boost liquidity of smallcap stocks on its junior and main market, the London Stock Exchange (LSE) is launching an equity research service that will provide information and analysis on smaller companies.

19 May 2008

News/Dealing rooms

ICMA to sell off Xtrakter unit

The International Capital Market Association (ICMA) is selling off its markets services business Xtrakter, which houses the Trax matching and reporting system.

19 May 2008

News/Dealing rooms

Six bidding for European covered bond platform

Six companies - Icap, TradeWeb, Eurex, MTS, BGC Partners and Bloomberg - are bidding to provide a new electronic trading platform for European covered bonds.

16 May 2008

News/Dealing rooms

Wombat reports Equiduct Trading deal

Nyse Euronext-owned Wombat Financial Software has signed Börse Berlin Equiduct Trading to its tick data management platform, One Tick.

14 May 2008

News/Dealing rooms

Nyse Euronext selects Red Hat for move to Linux

Transatlantic exchange Nyse Euronext has migrated its electronic trading infrastructure to the Linux operating system under a deal with open source vendor Red Hat.

14 May 2008

News/Dealing rooms

UK competition watchdog mulls clearing probe

The UK's Office of Fair Trading (OFT) has called for feedback from "interested parties" on whether it should launch a competition investigation into clearing and settlement in the derivatives market.

14 May 2008

News/Dealing rooms

UBS launches ATS in US

Swiss investment bank UBS says its global equities business has launched an alternative trading system (ATS) for crossing orders in US stocks.

14 May 2008

News/Dealing rooms

ICE secures FSA approval for UK clearing house

US market operator IntercontinentalExchange (ICE) has received regulatory approval to establish its own clearing operation in London.

13 May 2008

News/Dealing rooms

BlackBerry maker RIM and Thomson Reuters establish venture fund

Research in Motion (RIM)- the Canadian maker of the Blackberry handheld device - is teaming with Thomson Reuters to set up a $150 million venture capital fund that will invest in applications and services for mobile platforms.

12 May 2008

News/Dealing rooms

Outsourcing and offshoring take centre stage at Finexpo

Finexpo - Outsourcing Strategies, a new one-day conference and exhibition from Finextra on 5 June in London will feature keynote presentations from Deutsche Bank, IBM and Société Générale. It will also feature panel discussions covering best practice and the latest outsourcing trends on the sell-side and buy-side - from business processes such as trade execution, risk management and analysis through to back-office processing, infrastructure and application development.

09 May 2008