Latest Dealing rooms News: Finextra Research

Nasdaq OMX to launch pan-European market for blue chips

Newly-merged market operator Nasdaq OMX has disclosed plans to launch a pan-European trading and routing platform for the most actively traded blue chip stocks.

19 March 2008

News/Dealing rooms

Spending on OTC derivatives automation to surge - Tabb

Banks will spend $70 million on automating over-the-counter (OTC) derivatives processing in 2008, rising to $120 million in 2010 - a compound annual growth rate (CAGR) of 30%, according to estimates from Tabb Group.

18 March 2008

News/Dealing rooms

ICE claims victory in Nymex copyright case

US market operator IntercontinentalExchange (ICE) is claiming victory in a long-running legal battle with the New York Mercantile Exchange (Nymex) over the use of the latter's settlement prices.

18 March 2008

News/Dealing rooms

CME seals Nymex deal

CME Group has confirmed that it is acquiring The New York Mercantile Exchange (Nymex) in a cash and stock deal worth around $9.4 billion.

17 March 2008

News/Dealing rooms

Nyfix launches European dark liquidity ATS

US trading technology vendor Nyfix has launched its Euro Millennium platform, a UK regulated multi-lateral trading facility (MTF) for non-displayed liquidity in pan-European listed cash equities.

17 March 2008

News/Dealing rooms

ESpeed shareholders approve BGC merger deal

Stockholders in fixed income trading network eSpeed have overwhelmingly approved the company's merger with brokerage BGC Partners.

14 March 2008

News/Dealing rooms

Nyse Arca provides routing to dark liquidity

Nyse Euronext says it is launching a new "routing and price improvement service" that will provide users of its Arca electronic trading platform with access to non-displayed liquidity.

13 March 2008

News/Dealing rooms

Eurex to establish US options trading link

European derivatives exchange Eurex says it will establish a transatlantic trading and clearing link that will enable its customers to access options products at the New York-based International Securities Exchange (ISE), which it acquired last year.

13 March 2008

News/Dealing rooms

Credit Suisse licenses TT's X_Trader

Chicago-based Trading Technologies says Credit Suisse Prime Services has signed a global software licensing agreement for its order entry software, X_Trader.

12 March 2008

News/Dealing rooms

New futures exchange named ELX

The new electronic futures exchange being set up by a group of banks and trading firms to take on the Chicago Mercantile Exchange will be named ELX Electronic Liquidity Exchange.

12 March 2008

News/Dealing rooms

Patsystems signs RBC Capital Markets to Risk Informer

RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, is implementing risk management technology from London-based trading technology vendor Patsystems across its futures division.

12 March 2008

News/Dealing rooms

FSA warns on rogue trader risks

The UK's Financial Services Authority (FSA) is calling on City banks to tighten up systems and controls in order to prevent a repeat of the rogue trading scandal at French bank Société Générale.

11 March 2008

News/Dealing rooms

Carbon trading offers major opportunity for broker-dealers - TowerGroup

Broker dealers seeking new, high margin products will increasingly look to carbon emissions trading but will need to invest in technology if they are to take advantage of this growing market, according to research from analyst house TowerGroup.

11 March 2008

News/Dealing rooms

Former Financial Objects execs launch fintech firm

Former Financial Objects executives Roger Foster, Stewart Foster, Gary Linieres and Peter Caddick have teamed up to launch Third Financial Software, a financial technology firm targeting the investment management community.

11 March 2008

News/Dealing rooms

StatPro full year pre-tax profit soars

StatPro, an AIM-listed supplier of portfolio analytics software for fund managers, has posted full year pre-tax profits of £4.57 million - a massive 302% rise on the £1.14 million posted in 2006 - and says its business has not been impacted by the problems in the credit markets.

10 March 2008

News/Dealing rooms

LCH.Clearnet backs down on SIS x-clear access

LCH.Clearnet has backed down in its stand-off with Swiss central counterparty SIS x-clear over free access to the London Stock Exchange's equity business as required under the EC's voluntary code of conduct but has attacked European rivals for failing to cooperate.

10 March 2008

News/Dealing rooms

US study shows 55+ venues competing for equities e-trading business

There are more than 55 different execution venues competing to match buyers and sellers and trade equities electronically in the US, according to a new report from analyst group Tabb.

06 March 2008

News/Dealing rooms

Euroclear establishes IT division

European depository Euroclear is establishing a "project delivery services" division that will manage the generic technology operations that support its projects and programmes.

06 March 2008

News/Dealing rooms

MarketAxess buys FIX outfit Greenline Financial Technologies

US electronic bond trading network MarketAxess has acquired Chicago-based FIX specialist Greenline Financial Technologies in a cash and stock deal worth around $42 million.

06 March 2008

News/Dealing rooms

Reuters profit falls ahead of merger

Reuters has posted a 13% fall in full year pre-tax profit in its final set of results as a standalone company, but says indications for 2008 are encouraging despite the uncertain market environment.

06 March 2008