Latest Dealing rooms News: Finextra Research

Edgar Online creates XBRL powerhouse with acquisition of UBmatrix

US data outfit Edgar Online is acquiring privately-held UBmatrix, one of the original inventors of the XBRL financial standard, which is being mandated worldwide by many regulators to improve the transparency and efficiency of business reporting.

25 June 2010

News/Dealing rooms

Wall Street steps up analytics spending

Over 90% of Wall Street firms expect to increase spending on analytics over the next year, with risk and compliance the areas most likely to see greater investment, according to a survey from IBM and Sifma.

24 June 2010

News/Dealing rooms

Nasdaq OMX to build Nordic clearing house for interest rate swaps

Nasdaq OMX has initiated a pilot project with SEB and the Swedish National Debt office to offer central counterparty clearing of interest rate swaps as a prelude to the creation of a full scale clearinghouse for IRS in Swedish kronor.

23 June 2010

News/Dealing rooms

BNY Mellon launches clearing unit

BNY Mellon is creating a new company to clear futures and derivatives trades on behalf of its institutional clients.

22 June 2010

News/Dealing rooms

Broadridge buys City Networks

Broadridge Financial Solutions has acquired City Networks, a long-standing UK-based provider of reconciliation, multi-asset process automation and operational risk management software and services to the finance industry. Financial terms were not disclosed.

21 June 2010

News/Dealing rooms

Finextra: the conversation started a decade ago

Finextra is celebrating a decade of innovation as the leading news service, information resource and community platform for financial technology professionals worldwide.

18 June 2010

News/Dealing rooms

DTCC, Swift and XBRL US make case for corporate actions automation

The Depository Trust & Clearing Corporation (DTCC), Swift and XBRL US have published a business case in favour of automating corporate actions messages.

17 June 2010

News/Dealing rooms

SEC staffer's move to Getco prompts review of 'revolving door'

A US Senator has called on the Securities and Exchange Commission to review its "revolving door" policy, which sees many senior staffers leave for jobs with firms they once regulated.

17 June 2010

News/Dealing rooms

Credit Suisse unveils fixed income algo platform

Credit Suisse has introduced a new algorithmic trading platform, Onyx, for fixed income dealing direct with the bank's US Treasuries trading desk.

15 June 2010

News/Dealing rooms

Barclays Capital establishes new global tech centre in the Ukraine

Barclays Capital is to spend $2 million to establish a new global technology centre in Kyiv in the Ukraine.

14 June 2010

News/Dealing rooms

Barclays Capital to launch dark pool for European equities

Barclays Capital plans to launch a pan-European dark pool for equities trading in the third quarter, building on the US platform it inherited from its acquisition of Lehman Brothers in 2008.

14 June 2010

News/Dealing rooms

SunGard trades up for the World Cup; SocGen develops Football 2010 basket index

As the World Cup kicks off in South Africa, Sungard is inviting financial industry professionals to participate in a live auction, buying and selling teams as the competition progresses.

11 June 2010

News/Dealing rooms

Pershing NetX360 comes to iPad

Pershing has introduced an iPad-compatible version of NetX360, its open-architecture technology system that lets customers manage their brokerage and advisory business on a single platform.

11 June 2010

News/Dealing rooms

BNY Mellon launches dark pool for debt

BNY Mellon has launched an auction marketplace where fixed income securities buyers and sellers can transact anonymously in real time.

11 June 2010

News/Dealing rooms

CFTC proposes co-location rule

The US Commodity Futures Trading Commission (CFTC) is calling for a new rule governing co-location in a bid to level the playing field for traders.

11 June 2010

News/Dealing rooms

Knight takes Equiduct stake

US broker Knight Capital is set to make a strategic investment in Equiduct, the pan-European equities trading platform majority-owned by Citadel. Terms of the deal, which remains subject to Equiduct shareholder approval, were not disclosed.

08 June 2010

News/Dealing rooms

First Derivatives to raise £3.3 million through share placing

Capital markets tech house First Derivatives is to raise £3.3 million through a placing of 1.15 million shares

07 June 2010

News/Dealing rooms

Misys and SmartStream forge post-trade STP tie-up

Fintech vendors Misys and SmartStream Technologies have formed a partnership designed to tackle risk control problems and inefficiency across the trade transaction lifecycle.

07 June 2010

News/Dealing rooms

ASX cuts fees and overhauls tech ahead of Chi-X challenge

The Australian Securities Exchange (ASX) has outlined plans to slash its trading fees and introduce a system aimed at high frequency traders as it prepares to face up to new competitor Chi-X.

04 June 2010

News/Dealing rooms

Forex dealers form regulatory lobby group

Major foreign exchange dealers have established a new representative body to lobby lawmakers over regulatory changes that may impact the industry.

03 June 2010