Latest Dealing rooms News: Finextra Research

Nyse Euronext dumps LCH.Clearnet to set up own European clearing houses

Nyse Euronext says it plans to start clearing its own securities and derivative trades in Europe from 2012, severing ties with LCH.Clearnet.

12 May 2010

News/Dealing rooms

Online platforms displace telephone as primary FX trading channel

Electronic trading in foreign exchange continued to gain ground in a contracting market last year, overtaking the telephone as the primary channel for customer dealing, according to research by Greenwich Associates.

11 May 2010

News/Dealing rooms

SEC summons exchange chiefs in wake of Dow plunge

The SEC has summoned exchange bosses to Washington for talks on how to prevent a repeat of Thursday's plunge in stock prices when the Dow Jones Industrial Average shipped more than 1000 points.

10 May 2010

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Thomson Reuters unveils YouTube for traders

Thomson Reuters is launching an online video platform, dubbed a YouTube for the financial services community, for its desktop terminal users.

10 May 2010

News/Dealing rooms

Ipreo sues Goldman for data theft and copyright infringement

Ipreo Holdings, the operator of the bigdough institutional investor database, has filed suit against Goldman Sachs accusing the bank of copyright infringement and data theft.

07 May 2010

News/Dealing rooms

Computer-based trading under scrutiny in Dow freefall

US regulators are scrambling to deal with the aftermath of a wild day of trading on the Dow Jones Industrial Average which shipped more than 600 points in seven minutes before the close of trading in New York.

07 May 2010

News/Dealing rooms

SunGard first quarter skewed by broker/dealer volatility

Despite expressing cautious optimism for the future, SunGard chief Cristóbal Conde says it is still too early to call the bottom of the market as Q1 figures show the financial systems powerhouse continues to grapple with long sales cycles, high pricing pressure and a rapidly changing regulatory dynamic.

06 May 2010

News/Dealing rooms

Nyse Euronext opens European liquidity data centre

Nyse Euronext has opened its European liquidity data centre and begun moving in customers it says will benefit from ultra-low latency co-location services.

05 May 2010

News/Dealing rooms

Interactive Data agrees $3.4bn sale

Interactive Data says it has inked a definitive agreement to be acquired by private equity firms Silver Lake and Warburg Pincus in a cash deal worth around $3.4 billion.

04 May 2010

News/Dealing rooms

Equiduct in talks to take on Nasdasq OMX Neuro business

European electronic exchange venue Equiduct has moved to take advantage of Nasdaq OMX's decision to shut its Neuro MTF, entering into exclusive talks to migrate clients to its platform.

30 April 2010

News/Dealing rooms

FIA makes DMA risk management recommendations

The Futures Industry Association (FIA) has set out recommendations devised to help manage the risk related to direct market access to exchange networks.

30 April 2010

News/Dealing rooms

Technology, not regulation, key to fighting insider trading - survey

Insider trading is a systemic risk that is largely immune to regulation and instead needs to be tackled culturally and technologically, according to a survey of UK market players by MPI Europe.

28 April 2010

News/Dealing rooms

Nasdaq OMX waves white flag on pan-European ambitions

Nasdaq OMX is to shutter its pan-European Multilateral Trading Facility Neuro, marking the first signs of a forecast contraction in the crowded MTF market.

28 April 2010

News/Dealing rooms

Commerzbank hit with FSA fine for two-year transaction reporting failures

Germany's Commerzbank has been fined £595,000 by the UK's Financial Services Authority (FSA) for failing to provide accurate transaction reports used to fight insider trading.

28 April 2010

News/Dealing rooms

Thomson Reuters beefs up Enterprise leadership team

Thomson Reuters has appointed industry veteran David Kelly chief technology officer at its Enterprise business where he will be responsible for the development of Elektron, the firm's new global high-speed data distribution network.

22 April 2010

News/Dealing rooms

LSE bid for high-frequency traders mocked by Bats

The London Stock Exchange's decision to change its tariff structure in a bid to win back high-frequency traders just months after scrapping an earlier scheme has been ridiculed by rival outfit Bats Europe.

22 April 2010

News/Dealing rooms

Thomson Reuters sets up mobile apps challenge

Thomson Reuters is challenging developers in an international competition to create innovative mobile apps for financial professionals.

21 April 2010

News/Dealing rooms

SocGen trader charged with stealing HFT code

A former Societe Generale trader has been arrested by US authorities and charged with stealing propriety computer code used in the bank's high-frequency trading (HFT) system.

20 April 2010

News/Dealing rooms

Thomson Reuters unveils high-speed global network

Thomson Reuters has unveiled a global high-speed data distribution network and hosting environment designed to enable financial firms around the world to access and share information.

20 April 2010

News/Dealing rooms

Turquoise to make 'big bang' migration from Cinnober to Millennium technology

The London Stock Exchange is planning a 'big bang' migration of the core Turquoise trading platform from Cinnober technology to the new Millennium Exchange trading system later this summer.

19 April 2010