Latest Dealing rooms News: Finextra Research

Nomura fined £1.75 million for derivatives bookmarking failings

The Financial Services Authority (FSA) has fined Nomura International £1.75 million for "widespread systems and controls failings" around book marking within its International Equity Derivatives (IED) business.

24 November 2009

News/Dealing rooms

Spam 'godfather' jailed for e-mail stock fraud

A US man dubbed the "godfather of spam" has been jailed for over four years for his role in an e-mail stock fraud scam that netted around $2.7 million.

24 November 2009

News/Dealing rooms

Finra fines Terra Nova $400,000 over improper payments

Broker Terra Nova Financial has been fined $400,000 by Finra for making more than $1 million in improper soft dollar payments to, or on behalf of, five hedge fund managers. The broker was also charged with failing to retain its business-related electronic instant messages.

24 November 2009

News/Dealing rooms

Chi-x Europe could name Alasdair Haynes CEO - Bloomberg

Multilateral trading facility Chi-X Europe could appoint Alasdair Haynes, the former boss of Investment Technology Group's international business, as CEO by the end of the week, according to Bloomberg.

23 November 2009

News/Dealing rooms

Deutsche Börse acquires machine-readable data specialist Need to Know News

Deutsche Börse has acquired US financial news outfit Need to Know News, in an effort to raise the profile of its market data and analytical offerings with algorithmic traders.

20 November 2009

News/Dealing rooms

Odyssey creates Glasgow jobs with new software development centre

Wealth management software vendor Odyssey Financial Technologies is opening a centre of excellence in Glasgow, in a move that could lead to 200 jobs in the city in the "medium term".

20 November 2009

News/Dealing rooms

European Commission accuses S&P of monopoly abuse over Isin fees

The European Commission has accused Standard & Poor's of unfair pricing of fees charged for stock data codes and abusing its dominant position as the sole-appointed National Numbering Agency (NNA) for US International Securities Identification Numbers (Isins).

19 November 2009

News/Dealing rooms

US futures markets in crosshairs of algo revolution - Tabb

The US futures markets is set to be the next battleground for high frequency traders, as rapid uptake of algorithmic strategies leads to a surge in the proportion of volume traded on an automated basis, according to Tabb Group.

17 November 2009

News/Dealing rooms

Icap hires Beeston to spearhead post-trade expansion

In line with its ambitions to expand into the trade processing arena, interdealer broker Icap has appointed Mark Beeston to the newly-created post of business development director for post-trade services.

16 November 2009

News/Dealing rooms

Nasdaq OMX sets back Nordic system migration deadline

Nasdaq OMX has delayed the deadline for migrating its Nordic exchange venues to the new Inet trading platform by two months.

16 November 2009

News/Dealing rooms

Calastone takes on Crest with settlement offering for mutual funds industry

Calastone, a cross-border transaction network for the mutual funds industry, says it has signed up several firms to support a new settlement offering that will compete with Euroclear's UK and Ireland Crest system when it launches early next year.

16 November 2009

News/Dealing rooms

SEC charges computer programmers over Madoff fraud

The Securities and Exchange Commission has charged two computer programmers accused of helping Bernard Madoff cover up his multi-billion dollar Ponzi scheme.

13 November 2009

News/Dealing rooms

Dow Jones to sell Stoxx stake to Deutsche Börse and Six Group

Dow Jones has agreed to sell its 33.3% stake in Swiss index provider Stoxx to Deutsche Börse and Six Group for EUR206.1 million in cash.

12 November 2009

News/Dealing rooms

Google mashes up World Bank data

Google has added a raft of economic statistics from the World Bank to its new "public data" search facility.

12 November 2009

News/Dealing rooms

Europe opens anti-trust probe into Reuters Instrument Codes

The European Commission has opened anti-trust proceedings against Thomson Reuters over possible abuse of its dominant market position in the supply of Reuters Instrument Codes.

10 November 2009

News/Dealing rooms

LSE trading hit by technical glitch, again

On the day it moved to woo high frequency traders with a massive expansion of its co-location services, the London Stock Exchange was forced to halt trading in nearly 300 UK stocks because of a technical problem.

10 November 2009

News/Dealing rooms

Carlyle Group takes over OpenLink

Private equity house Carlyle has agreed to purchase OpenLink Financial, a software developer for the commodity, energy and financial services industries, from TA Associates. The terms of the transaction were not disclosed.

09 November 2009

News/Dealing rooms

DTCC names Anne Noonan MD and chief systemic risk officer

The Depository Trust & Clearing Corporation (DTCC) has appointed Anne Noonan, a founding member of CLS Bank International, to the new position of managing director and chief systemic risk officer.

09 November 2009

News/Dealing rooms

ConvergEx to acquire Nyfix US Transaction Services business

ConvergEx has agreed to acquire the US electronic agency execution business of Nyfix Transaction Services, comprising the Millennium Alternative Trading System (ATS) and its direct market access (DMA) and algorithmic products.

09 November 2009

News/Dealing rooms

LSE introduces hidden orders; delays Baikal

The London Stock Exchange is to start letting traders place hidden orders in a bid to ward off competition from dark pools. Separately, press reports claim the bourse is delaying the launch of its own dark pool, Baikal, while it continues deal talks with rival platform Turquoise.

09 November 2009