Latest Dealing rooms News: Finextra Research

Postbank deploys Tibco technology for MiFID overhaul

Germany's Postbank has implemented technology from California-based Tibco Software to overhaul its operations and comply with EU trading regulations under the Markets in Financial Instruments Directive (MiFID).

08 April 2008

News/Dealing rooms

Citi acquires Tradeweb stake

Citi is acquiring an undisclosed minority equity stake in electronic fixed income platform TradeWeb.

08 April 2008

News/Dealing rooms

Icap to buy equity derivatives broker Link

UK-based interdealer broker Icap has signed an agreement to acquire equity derivatives outfit Link Asset and Securities for a total consideration of £250 million.

07 April 2008

News/Dealing rooms

Finexpo sets out green agenda

Finexpo - Green City, a new one-day conference from Finextra, is to set out a new business and environmental agenda for financial services firms when it opens for business in London next week, with keynotes and panel sessions on carbon neutral banking, green investment strategies, emissions trading, and energy efficiency in the data centre.

04 April 2008

News/Dealing rooms

European securities depositories to launch settlement venture

A group of seven European central securities depositories (CSDs) are gearing up to launch a joint venture aimed at cutting settlement costs across the region in accordance with the European Commission's voluntary code of conduct.

01 April 2008

News/Dealing rooms

Credit Suisse buys into Axe ECN

Credit Suisse is acquiring an undisclosed stake in Axe ECN, which is being set up by the New Zealand Exchange (NZX) and five other banks to compete with services provided by the Australian Stock Exchange (ASX).

01 April 2008

News/Dealing rooms

Fed warns of persistent processing problems in OTC derivatives market

Despite moves by the largest credit derivatives dealers to clear settlement backlogs, the major volume surges in mid-2007 showed that "processing challenges" still persist in the over the counter derivatives (OTC) markets, says The Federal Reserve Bank of New York.

01 April 2008

News/Dealing rooms

FXMarketSpace launches forex settlement service

FXMarketSpace, the centrally-cleared foreign exchange marketplace established by Reuters and the Chicago Mercantile Exchange (CME) has launched a settlement service.

31 March 2008

News/Dealing rooms

Bats to launch in Europe

US-based Bats Trading, the all-electronic alternative to Nasdaq and Nyse, has confirmed it is planning to launch its platform in Europe later this year and compete with the region's domestic stock exchanges.

31 March 2008

News/Dealing rooms

LiquidityHub shuts down

LiquidityHub, the central fixed income pricing aggregator for swaps trading backed by 16 dealers, has been shut down just five months after going live.

28 March 2008

News/Dealing rooms

Icap launches bond trading platform in India

Interdealer broker Icap has launched an electronic bond market for wholesale participants in the Indian corporate debt sector.

28 March 2008

News/Dealing rooms

Chicago Stock Exchange to explore sale

The Chicago Stock Exchange (CHX) has hired San Francisco-based Financial Technology Partners to help it explore possible "financial and strategic alternatives" after being approached by "a number of interested parties".

28 March 2008

News/Dealing rooms

Australian tech stock exchange to be launched

A new Nasdaq-style exchange that will focus on technology stocks is set to be launched in Australia.

27 March 2008

News/Dealing rooms

Jasdaq rejects Osaka trading integration proposal

Japan's Jasdaq Securities Exchange has rejected a proposal to integrate its trading infrastructure and merge its operations with its suitor, Osaka Securities Exchange (OSE), in a move that could hamper any deal between the two market operators.

26 March 2008

News/Dealing rooms

Liffe confirms clearing house plan

London-based derivatives exchange Liffe has confirmed plans to establish its own clearing house and says it will renegotiate contract terms with its current supplier LCH.Clearnet.

26 March 2008

News/Dealing rooms

CME Group buys credit derivatives data outfit CMA

Chicago's CME Group has acquired Credit Market Analysis (CMA), a London-based provider of credit derivatives market data to asset managers. Financial terms of the deal were not disclosed.

25 March 2008

News/Dealing rooms

Rainbow in talks with LSE over EDX

Rainbow - the European exchange being set up by investment banks - has approached the London Stock Exchange about taking over the bourse's EDX derivatives business and making it the basis of its new trading platform.

25 March 2008

News/Dealing rooms

Reuters takes minority stake in Chinese financial news provider

News and information group Reuters has acquired an undisclosed minority stake in online financial information provider, ChinaWeb.

20 March 2008

News/Dealing rooms

E-trading driving FX markets - CME Group

FX traders expect electronic trading growth to gain momentum faster than previously expected, says a global survey released by CME Group which predicts that on average, more than 80% of all cash business will be executed electronically in 2010.

19 March 2008

News/Dealing rooms

Turquoise names Peter Gibbs non-executive chairman

Turquoise, the bank-backed equities trading facility, has appointed Peter Gibbs as non-executive chairman of its board of directors.

19 March 2008