1575 articles tagged with this keyword
News/Dealing rooms
Interdealer broker Tullett Prebon is to expand its market data business into valuations services with the acquisition of Vancouver-based OTC Valuations for an initial consideration of $0.6 million.
05 March 2010
Deutsche Börse's IT unit is working with open source vendor Red Hat as it bids to enable real-time transaction risk management for financial services clients.
03 March 2010
The Federal Reserve Bank of New York has welcomed commitments by 14 major dealers to ramp up efforts to cut risks and improve post-trade automation and transparency in the over-the-counter derivatives markets.
The proliferation of fragmented IT and data platforms contributed to the financial crisis, according to research looking at data management strategies from Thomson Reuters and Lepus, a London-based independent research consultancy.
02 March 2010
The Frankfurt Stock Exchange is set to end floor trading by 2012 and go exclusively electronic with the Deutsche Börse Xetra platform.
01 March 2010
Investment analysis and index firm MSCI has agreed a deal to acquire the rival RiskMetrics Group in a cash and stock deal worth $1.55 billion.
Daniel Bonventre, the director of operations at Bernard Madoff's company has been arrested on charges of falsifying accounts to hide his boss's multi-billion dollar fraud.
26 February 2010
Thomson Reuters fourth quarter profits fell 68%, to $182 million, on the back of weak sales, particularly at the firm's recession-hit markets unit.
24 February 2010
Cantor Fitzgerald is set to launch an electronic futures exchange in April that lets traders hedge and speculate on the financial performance of movies.
Hirander Misra, chief operating officer of Chi-X Europe, has quit the mutlilateral trading facility to "pursue other interests".
23 February 2010
Currensee, a social media platform for foreign exchange traders, has secured $8 million in Series B funding, which it will use to finance expansion into international markets in the UK, Europe and Asia.
The credit crisis and rise of electronic trading have led to a fundamental shift in the global foreign exchange market towards risk mitigation over the last couple of years, according to research from CME Group.
22 February 2010
In a bid to attract high-frequency traders, Bloomberg has expanded its machine-readable news output to offer trending analytics on the hottest content passing over its terminals.
19 February 2010
The London Stock Exchange has completed the acquisition of Turquoise Trading and installed former LSE CIO David Lester as chief executive, ahead of Turquoise incumbent Eli Lederman and Baikal CEO John Wilson.
18 February 2010
German exchange operator Deutsche Börse has outlined plans to save EUR50 million through an unspecified number of job cuts and outsourcing initiatives after reporting a EUR33 million net loss for the fourth quarter.
17 February 2010
Financial data outfit Markit has acquired the technology assets of Storm Networks, a syndicated loan market specialist. Financial terms of the deal were not disclosed.
16 February 2010
Trading technology vendor Fidessa has posted better-than-expected full year results, but forecasts slower growth for 2010 as global securities markets continue to feel the pressure of consolidation and business closures.
15 February 2010
UBS has lost its bid to get a permanent injunction against three former quant traders accused of stealing proprietary algorithmic trading software with the intent of using it at their new employer, Jefferies.
British, Dutch and Swiss regulators have agreed a new framework for linkages between clearing counterparties in an effort to allay fears about systemic risks and inject fresh competition into the market.
12 February 2010
Former Goldman Sachs computer programmer Sergey Aleynikov has been indicted on charges related to the theft of propriety code connected to the investment bank's high-frequency trading platform.
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