Latest Dealing rooms News: Finextra Research

BarCap said to cut 600 jobs

Barclays Capital is planning to axe around 600 jobs this week, including back office positions, according to press reports.

13 January 2011

News/Dealing rooms

Nyse Euronext testing MTF for European corporate bonds

Nyse Euronext has set up a strategic committee that will assist and advise on the creation of a pan-European Multilateral Trading Facility (MTF) for corporate bonds.

13 January 2011

News/Dealing rooms

Markit buys risk analytics specialist QuIC

UK finance information vendor Markit has acquired Canadian risk analytics outfit QuIC Financial Technologies. Financial terms of the deal were not disclosed.

12 January 2011

News/Dealing rooms

Credit Suisse to launch US 'Light Pool'

Credit Suisse Securities is set to launch a US electronic communications network (ECN) called Light Pool that will target long term investors.

12 January 2011

News/Dealing rooms

LSE says human error caused Turquoise outage

The London Stock Exchange says human error, rather than foul play, caused an outage at its Turquoise trading platform in November that resulted in a delayed technology migration.

11 January 2011

News/Dealing rooms

Bats hires underwriters ahead of possible IPO - WSJ

Exchange operator Bats Global Markets could be set to embark on an initial public offering after hiring underwriters, according to the Wall Street Journal.

10 January 2011

News/Dealing rooms

Liquidnet patent suit against ITG dismissed

A US judge has ruled that Investment Technology Group (ITG) did not infringe the patent of rival outfit Liquidnet.

06 January 2011

News/Dealing rooms

Finextra signs off for Christmas and New Year break

The Finextra office will be closed after Wednesday 22 December, re-opening Tuesday 4 January.

22 December 2010

News/Dealing rooms

Hedge fund taps Twitter to beat market

London-based Derwent Capital Markets is set to launch a £25 million hedge fund that will use Twitter to predict the market, according to press reports.

17 December 2010

News/Dealing rooms

Barclays sells RealTick to ConvergEx

Barclays has agreed to sell multi-broker, cross-asset electronic execution platform RealTick to fintech firm ConvergEx. Financial terms of the deal were not disclosed.

16 December 2010

News/Dealing rooms

CNBC launches market data tool

Business news TV channel CNBC has partnered Swiss vendor CarryQuote to develop mobile and desktop market data applications.

15 December 2010

News/Dealing rooms

Intel invests in Indian trading tech vendor Omnesys

Tech giant Intel has acquired a stake in Omnesys Technologies, a Bangalore-based provider of software for securities trading and order management systems. Terms of the deal were not disclosed.

14 December 2010

News/Dealing rooms

Former Goldman Sachs programmer convicted over HFT code theft

Former Goldman Sachs computer programmer Sergey Aleynikov faces up to 15 years in prison after a New York jury found him guilty of stealing propriety code connected to the investment bank's high-frequency trading platform.

13 December 2010

News/Dealing rooms

Dutch regulators see positive side of HFT

Dutch market watchdog AFM says it sees no grounds for restricting the use of high frequency trading (HFT), but warns that market participants and regulators must improve their operational and risk management techniques to deal with the complexity of computer-driven trading strategies

10 December 2010

News/Dealing rooms

CME Group agrees Elysian Systems acquisition

CME Group has agreed to buy London-based electronic trading and market technology vendor Elysian Systems. Financial terms of the deal were not disclosed.

09 December 2010

News/Dealing rooms

Top banks to sound out tech vendors on new FX dealing platform - WSJ

The world's biggest bank players in currency trading are preparing to sound out technology vendors about building them a new bank-only dealing system, according to the Wall Street Journal.

09 December 2010

News/Dealing rooms

EC publishes MiFID II consultation

The European Commission has published its widely trailed Markets in Financial Instruments Directive (MiFID) review, calling for greater oversight of high-frequency trading and a clamp down on speculators in commodities.

08 December 2010

News/Dealing rooms

MiFID II to tackle high-frequency trading

Traders will have to explain to regulators how their computer algorithms are designed and work as part of the European Commission's widespread overhaul of MiFID.

03 December 2010

Finextra TV/Dealing rooms