Dealing rooms

1492 articles tagged with this keyword

/Dealing rooms

Nyse to invest $85 million in new European derivatives clearing house

Nyse Euronext is to spend $85 million on developing a new clearing house for its derivatives business in Europe, terminating an existing relationship with LCH.Clearnet.

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Bats chief Ratterman stripped of chairmanship

Bats president and chief executive Joe Ratterman has been stripped of the chairmanship in the wake of last week's bungled IPO.

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European parliamentarian demands tougher crackdown on HFT

A European Parliament report is calling for the Commission to toughen up its crackdown on high-frequency trading under MiFID II.

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Nasdaq OMX suspends plans for competitive clearing

Nasdaq OMX has postponed plans to introduce interoperable clearing in the Nordic cash equity markets in April, citing regulatory uncertainties.

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Bats abandoned IPO because of "erosion of investor confidence"; bonuses, HFT called into question

In an open letter to customers, Bats CEO Joe Ratterman cites an "erosion of investor confidence" as the reason for the exchange pulling its plans to go public following a humiliating technical breakdown on the opening day of trading.

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Getco fined $450k over lax HFT supervision

The broker-dealer unit of Getco has been fined $450,000 for failing to properly supervise its high-frequency trading.

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Researchers link tweets to stock prices

Researchers have outperformed the Dow Jones Industrial Average with a trading model built on data culled from Twitter.

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Orc Group to break-up business; search for new CEO

Orc Group, the Swedish trading systems firm recently acquired by private equity house Nordic capital, is to part company with its CEO and demerge previously acquired businesses Neonet and CameronTec.

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Deutsche Börse to sue European Commission over merger block

Deutsche Börse is to sue the European Commission over its decision to block a proposed $9 billion merger with Nyse Euronext.

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The Currency Cloud raises $4m

The Currency Cloud, a UK-based start-up offering foreign exchange payments automation, has raised $4 million in a series a funding round led by Atlas Venture.

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Icap shakes up electronic trading business

Interdealer broker Icap has restructured its electronic trading operations to separate the reporting lines for the FX and fixed income businesses in a move that has led to the departure of division chief David Rutter.

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Isitc members to boost IT spending

Financial industry association Isitc says that nearly two thirds of its members plan to increase their information technology spending over the next two years as regulatory compliance continues to dominate the agenda.

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London Stock Exchange agrees deal to take control of LCH.Clearnet

The London Stock Exchange is to acquire a majority 60% stake in LCH.Clearnet in a deal valuing the clearing house at EUR813 million.

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Shanghai Stock Exchange takes on HFT speculators

The Shanghai Stock Exchange (SSE) has become the latest bourse to signal a crackdown on the huge number of messages high-frequency traders generate.

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Thomson Reuters fails RIC licensing market test

Thomson Reuters has failed to appease EU antitrust bodies over proposed concessions in the way it licenses the proprietary Reuters Instrument Codes.

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Direct Edge and Nasdaq bid to curb HFT messaging with fines

US exchange operators Nasdaq OMX and Direct Edge have outlined incentive plans designed to encourage high-frequency traders to cut back on the huge number of messages they generate.

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Commission proposes EU-wide settlement overhaul

The European Commission is promising to shake up cross-border securities settlement in the EU by cutting settlement timeframes and establishing a common regulatory framework for the region's 30+ central securities depositories.

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Thomson Reuters launches social media sentiment analysis service

Thomson Reuters is adding information and sentiment analysis from social media sites and blogs to its machine-readable news service.

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Thomson Reuters offloads Portia to SS&C

Thomson Reuters has agreed to sell off Portia, its middle-to-back office investment operations platform, to SS&C Technologies for $170 million.

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Exchange competition and HFT get hostile reception in UK market review

A government-sponsored independent review into the performance of UK equity markets has encountered deep scepticism among asset managers of the wisdom of opening national stock markets to competition and scathing criticism of the role played by high frequency traders in distorting market values.