Dealing rooms

1575 articles tagged with this keyword

/Dealing rooms

Swiss clearer targets Asia as European interoperability deals boost volumes

SIX Securities Services is to push for clearing interoperability in Asia after doubling its market share of clearing London Stock Exchange trades following the introduction of similar measures in Europe.

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Cinnober releases hosted OTF package

Swedish technology supplier Cinnober has released a subscription-based hosted service for banks and brokerages looking to create an Organised Trading Facility in line with new European marketplace regulations.

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Bats Europe hit by trading breakdown

Bats Europe has suffered a trading breakdown just days after finalising a deal to acquire rival platform Chi-X Europe.

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Glocer exits as Thomson Reuters appoints Smith to lead turnaround

Thomson Reuters CEO Tom Glocer is stepping down, replaced by chief operating officer James Smith, following a tough few months for the firm's markets division and a steady decline in its stock price.

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Nyse Euronext to shutter SecFinex

US exchange operator Nyse Euronext is to shutter its SecFinex securities lending platform in the face of a dismal economic climate.

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UBS chief risk officer Miskovic replaced by predecessor

In the wake of its $2.3 billion trading scandal, Swiss bank UBS has replaced chief risk officer Maureen Miskovic after less than a year in the job.

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TMX Group agrees Razor Risk acquisition as Maple deal faces regulatory concerns

Canadian exchange operator TMX Group has agreed a deal to buy Australia's Razor Risk Technologies for around C$10.18 million in cash.

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T2S enters make-or-break phase as ECB doles out incentives for participation

The European Central Bank is to offer 'early bird' incentives to central securities depositories that sign up to the Target 2 Securities (T2S) platform, as the controversial project to streamline the Euro area's securities settlements systems reaches a critical make-or-break stage in its development.

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CME fines HFT firm $850k for algo and computer malfunctions

CME Group has fined high-frequency trading firm Infinium Capital Management a total of $850,000 for three separate computer malfunctions.

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Patsystems receives takeover approach as MF Global fallout continues

Hit hard by the collapse of its largest customer, MF Global, troubled UK screen-dealing software house Patsystems has been approached about a takeover by ION Trading.

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Ffastfill posts H1 pre-tax loss; agrees WTD Consulting acquisition

Ffastfill has posted a pre-tax loss of £107,000 for the first half on flat revenues of £7.3 million. The UK derivatives trading vendor has also agreed to buy the business and assets of Chicago-based WTD Consulting for up to £7.6 million.

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Deutsche Börse and Nyse Euronext to shed businesses to win EU approval for merger

Deutsche Börse and Nyse Euronext are proposing to divest their overlapping equity options business across Europe and open up third party access to Eurex Clearing in an effort to win EU approval for their $9 billion merger deal.

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Cusip to introduce stripped-down Isin codes for EU markets

Cusip Global Services is to introduce a new data feed of US International Securities Identifiers (Isins) tailored specifically to the needs of European market participants following an extended probe by the European Commission into its pricing practices.

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IBM and Calypso discuss CCPs and OTC derivatives

Centralising OTC derivatives clearing is seen as a central part of regulators' efforts to reduce risk from the financial system. But, will this make the financial system 'safer'?

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Horlick and Winterflood join Post-Trade Forum debate

Nicola 'Superwoman' Horlick and Brian Winterflood will lead a high-powered panel of City executives debating the future of European securities markets at Finextra's final Post-Trade Forum event of the year, which takes place at the London Stock Exchange later this month.

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McGraw-Hill and CME Group form S&P/Dow Jones Indices JV

McGraw-Hill and CME Group have agreed a deal to pool their S&P and Dow Jones index businesses in a new joint venture.

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Sapient wins European DataWarehouse contract

Sapient Global Markets has won a contract to design and build a European central data repository for asset-backed securities (ABSs).

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Markit buys quantitative research specialist QSG

Markit has acquired Quantitative Services Group (QSG), a provider of independent equity research, trading analytics and investment consulting services. Financial terms were not disclosed.

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MF Global collapse hits Patsystems

Shares in UK screen-dealing software house Patsystems fell over 10% yesterday on news of the collapse of MF Global, a major customer accounting for recurring revenue of around £3 million.

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Nyse Technologies open sources Mama API

Nyse Technologies has taken its Middleware Agnostic Messaging Application (Mama) programming interface open source.