Latest Dealing rooms News: Finextra Research

Quant Capital moves to Aleri CEP platform

London-based investment firm Quant Capital has deployed Aleri's complex event processing (CEP) technology to support its algorithmic trading strategies and minimise execution latencies.

15 January 2010

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Deutsche Bank appoints Credit Suisse exec Marques as e-trading head

Deutsche Bank has hired former Credit Suisse executive Jose Marques to head up its global electronic equity trading business in New York.

14 January 2010

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SEC begins overhaul of US equity markets with ban on direct market access

The US Securities and Exchange Commission has proposed new rules prohibiting broker-dealers from providing customers with unfiltered or naked access to an exchange or ATS. The watchdog has also called for comment on issues relating to high-frequency trading, co-locating trading terminals and dark pool trading as it seeks to re-write the rule-book for a new era of computer-driven trading.

14 January 2010

News/Dealing rooms

Credit Suisse penalised by Nyse for algorithmic meltdown

The New York Stock Exchange has fined Credit Suisse Securities $150,000 for failing to control development of an algorithm that went awry and flooded the Exchange trading system with hundreds of thousands of erroneous orders.

13 January 2010

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JP Morgan hires Troise to head e-trading business

JP Morgan has appointed Barclays Capital's Frank Troise as global head of equities electronic client solutions.

13 January 2010

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Liquidnet invests in research outfit OTR Global

Liquidnet has made a strategic, unspecified, investment in OTR Global, an alternative research company providing market intelligence for institutional investors.

12 January 2010

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Deutsche Börse forced to suspend bond e-trading

Deutsche Börse has been forced to suspend trading in Government bonds over the Xetra electronic platform following a legal challenge by two local brokers.

07 January 2010

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Finextra and the FISD partner for webcasts in 2010

The Financial Information Services Division (FISD) and Finextra have forged a partnership to deliver a series of video webcasts for market data and risk management professionals worldwide with a focus on real-time data management and delivery, reference data, and standards.

06 January 2010

News/Dealing rooms

Business demands to outpace trading tech budgets in 2010 - Tabb

Speed will continue to be the name of the game for US equity brokers in 2010 but business demands beyond latency may outpace trading technology budgets, according to a study from Tabb Group.

06 January 2010

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Perot man charged with insider trading returns $8.6 million

A former Perot Systems employee accused of insider trading by the US Securities and Exchange Commission (SEC), has agreed to return $8.6 million in 'illicit profits'.

06 January 2010

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Hart departs as News Corp shakes up Dow Jones

Financial information group Dow Jones is to combine its enterprise and consumer divisions in a shake-up that will see the departure of Clare Hart, president of the enterprise business, who had championed a Web-based distribution strategy for the group.

05 January 2010

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Euroclear names HSBC man Howell CEO

Brussels-based depository Euroclear has appointed HSBC veteran Tim Howell chief executive officer, replacing Pierre Francotte who is quitting after 10 years in the role.

05 January 2010

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SS&C buys Tradeware Global

Connecticut-based fintech vendor SS&C Technologies has acquired Tradeware Global, a broker-neutral provider of systems for electronic access to global equity markets. Financial terms were not disclosed.

04 January 2010

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Citi to sell LavaFX platform to FXall

Electronic multi-bank foreign exchange trading portal FXall has agreed to buy rival platform LavaFX from Citi. Financial terms of the deal were not disclosed.

04 January 2010

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Finextra signs off for Christmas and New Year break

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

22 December 2009

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Dubai Financial Markets to buy rival Nasdaq exchange

Dubai Financial Markets (DFM) is to buy Nasdaq Dubai for $121 million in an effort to cut costs and restructure its business in the wake of the region's ongoing debt crisis.

22 December 2009

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Lombard Risk scores collateral contract with ABN Amro

Shares in Lombard Risk Management have moved up after the company reported a contract win for its collateral management software at ABN Amro in the Netherlands.

21 December 2009

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Deutsche Börse taps Corvil for latency measurement

Deutsche Börse has introduced latency monitoring and performance measurement technology from Corvil for high frequency traders on Xetra and Eurex.

21 December 2009

News/Dealing rooms

LSE to take control of Turquoise

The London Stock Exchange is to take majority control of Turquoise and merge it with its own dark pool Baikal under a deal agreed with the rival MTF's investment bank owners.

21 December 2009

News/Dealing rooms

Icap pays $25 million SEC penalty to cover fake trading charges

Interdealer broker Icap is to pay $25 million in settlement to the US Securities and Exchange Commission over charges that it displayed fake trades on its screens to encourage customer dealing.

21 December 2009