Latest Dealing rooms News: Finextra Research

Instinet to sell majority stake in MarketPrizm to Colt

Telecoms firm Colt has agreed to buy a majority stake in trading technology company MarketPrizm, with current owner Instinet maintaining a minority interest.

04 May 2011

News/Dealing rooms

FSA paper trail hampering compliance activities - CISI

The Financial Services Authority is bombarding member firms with so much written material that it is hampering compliance activities, according to a survey conducted by the Chartered Institute for Securities & Investment (CISI).

03 May 2011

News/Dealing rooms

LME proposal for self-clearing jolts LCH.Clearnet

The London Metal Exchange has announced proposals to consider building its own clearing house, jolting its current supplier LCH.Clearnet.

03 May 2011

News/Dealing rooms

EC launches antitrust probe into CDS market

The world's biggest investment banks are being investigated in two European Commission antitrust probes into the credit default swaps (CDS) market.

03 May 2011

News/Dealing rooms

Ion Trading agrees WallStreet acquisition

Ion Trading has signed a definitive agreement to acquire Wall Street Systems. No financial details have been disclosed.

21 April 2011

News/Dealing rooms

European OTC market far smaller than claimed - study

Around 16% of European share trading is over-the-counter (OTC), far less than claimed by stock exchanges, according to a study from the Association for Financial Markets in Europe (Afme).

20 April 2011

News/Dealing rooms

Chi-X Global in stake sale talks; LSE/TMX mull Ontario panel report

Chi-X Global is in advanced talks with four trading firms and banks to take a minority stake in the alternative share trading platform operator reports the FT, citing "three people familiar with the matter".

20 April 2011

News/Dealing rooms

CFTC Commissioner Chilton hits out at proposals to delay financial reform

CFTC Commissioner Bart Chilton has hit back at Republican plans to delay for 18 months all rulemakings involving derivatives under the Dodd-Frank financial regulation law.

18 April 2011

News/Dealing rooms

Chi-X revolving door spits out CFO O'Keefe

The revolving door is spinning again at Chi-X Europe as chief financial officer Kevin O'Keefe confirms his intention to depart the European MTF in the wake of its recent take-over by Bats Global Markets.

18 April 2011

News/Dealing rooms

OTC derivatives market reform stalling - FSB

Central bankers have expressed fears that reform of the over-the-counter derivatives markets is being hampered by delays and inconsistencies in approaches across national jurisdictions.

18 April 2011

News/Dealing rooms

Finextra Dinner Club: Turning compliance into a competitive edge

The next meeting of the Finextra Dinner Club will focus on critical compliance issues for banks and feature presentations from Nicholas Child, MD and director of compliance at Citi, Simon Gleeson, partner in the financial services practice of Clifford Chance and Keith Saxton, director, global banking and financial markets for IBM.

15 April 2011

News/Dealing rooms

Virtual currency used for commodity trade

Hub Culture, a self-styled online 'collaboration network' claims to have completed the first commodity trading deal priced in a virtual currency.

15 April 2011

News/Dealing rooms

CFTC to explore reference data repository for derivatives

The Commodity Futures Trading Commission is contemplating the creation of a new 'Division of Market Data Collection and Analysis' to keep pace with computer-based trading and reduce its reliance on the exchanges it regulates for data dissemination.

14 April 2011

News/Dealing rooms

Ex-AllianceBernstein man charged with stealing FIX software

A former AllianceBernstein employee has been charged with stealing software used to send and receive FIX messages from the investment firm.

14 April 2011

News/Dealing rooms

US regulators win bigger budgets

US financial regulators the Commodity Futures Trading Commission and the Securities and Exchange Commission have been awarded big budget increases by the Senate Appropriations Committee.

13 April 2011

News/Dealing rooms

DTCC kicks off corporate actions pilot; legacy formats to be switched off by 2015

The Depository Trust and Clearing Corporation says it will shut off corporate actions processing for all legacy file formats in 2015, as it begins testing of new ISO 20022 announcement messages with five user firms.

13 April 2011

News/Dealing rooms

Machine-readable OTC derivatives contracts move a step closer

Regulatory efforts to introduce more automation in manually-driven over-the-counter derivatives trading have been advanced by the publication of new research into the feasibility of rendering OTC documentation in machine-readable format.

11 April 2011

News/Dealing rooms

European exchanges hit out at broker networks

Europe's exchanges have hit out at plans to create a new type of trading venue category as part of MiFID's overhaul, warning the proposal will cause an "irreversible race to the bottom" for regulation.

08 April 2011

News/Dealing rooms

Australia confirms ASX-SGX deal rejection

Australian Treasurer Wayne Swan has formally rejected the Singapore Exchange's A$8.4 billion takeover of ASX, calling his decision a "no brainer".

08 April 2011

News/Dealing rooms

Exchanges and vendors unite over consolidated tape

European stock exchanges together with Thomson Reuters, Bloomberg, the LSE and Nyse Euronext have agreed a framework for developing a consolidated tape of post-trade equity reporting data across Europe.

07 April 2011