Latest Dealing rooms News: Finextra Research

Nyfix axes staff ahead of sale to Nyse Euronext

US trading systems vendor Nyfix is set to cut 40% of its workforce ahead of its $144 million sale to Nyse Euronext.

11 September 2009

BarCap takes minority stake in TradeWeb; unveils FX trading tools

Barclays Capital has taken a minority equity stake in TradeWeb, a provider of online markets owned by Thomson Reuters and a group of dealer-brokers. The size of the stake, nor the amount paid, was disclosed.

11 September 2009

News/Dealing rooms

LSE admits Baikal may fail

London Stock Exchange CEO Xavier Rolet has admitted the bourse's new pan-European MTF and dark pool, Baikal, "might not work" in the face of growing regulatory scrutiny.

09 September 2009

News/Dealing rooms

European court upholds Clearstream monopoly abuse charge

Europe's second-highest court has upheld a monopoly abuse charge brought by the European Commission against Deutsche Börse's settlement arm Clearstream five years ago.

09 September 2009

News/Dealing rooms

Nyse Euronext to sell options mart stake to dealer consortium

Nyse Euronext has agreed to sell a "significant" equity stake in one of the company's two US options exchanges to a consortium of market makers, including BofA Merrill Lynch, Barclays Capital, Citadel Securities, Citi, Goldman Sachs, TD Ameritrade and UBS

09 September 2009

News/Dealing rooms

Dealers to accelerate central clearing of OTC trades

Under pressure from regulators, 15 of Wall Street's biggest banks have committed to significantly increase the use of central counterparties to clear over-the-counter (OTC) derivatives.

09 September 2009

News/Dealing rooms

Barclays fined £2.45 million for transaction reporting failures

The Financial Services Authority (FSA) has fined Barclays Capital Securities and Barclays Bank £2.45m for failing to provide accurate transaction reports to the watchdog and for "serious weaknesses" in systems and controls in relation to transaction reporting.

08 September 2009

News/Dealing rooms

LSE closes in on TradElect replacement

Sri Lankan vendor MillenniumIT has emerged as the surprise favourite to provide the replacement for the London Stock Exchange's TradElect platform.

08 September 2009

News/Dealing rooms

Quote MTF launches into crowded market

Hungary-based Quote MTF has become the latest trading platform to enter the crowded post-MiFID European securities market.

07 September 2009

News/Dealing rooms

Derivatives market players warn Commission on dangers of over-regulation

Banks and brokers active in the derivatives markets have warned the European Commission to tread carefully in regulating the over-the-counter markets for fear of stifling innovation and increasing instability.

02 September 2009

News/Dealing rooms

LCH.Clearnet taps BT Radianz network

London clearing house LCH.Clearnet has selected BT's Radianz shared market infrastructure to connect to group members around the world.

02 September 2009

News/Dealing rooms

DTCC names Lehman veteran Bridget O'Connor CTO

The Depository Trust & Clearing Corporation (DTCC) has appointed former Lehman Brothers CIO Bridget O'Connor as managing director and chief technology officer.

01 September 2009

News/Dealing rooms

Nice to acquire Fortent for $73.5 million

Israeli digital recording firm Nice has acquired anti-money laundering outfit Fortent for $73.5 million in cash.

01 September 2009

News/Dealing rooms

Chi-X Europe latest to slash fees

Multilateral trading facility Chi-X Europe has outlined plans for an aggressive pricing promotion this autumn as the battle for equity market share across the continent continues to rage.

28 August 2009

News/Dealing rooms

Nyse Euronext to buy Nyfix for $144m

Nyse Euronext has entered into a definitive agreement to acquire, through its technology unit, US trading systems vendor Nyfix in a cash deal worth around $144 million.

27 August 2009

News/Dealing rooms

Morgan Stanley hires former Citi e-trading head Evans - WSJ

Morgan Stanley has hired former Citi electronic trading head Richard Evans to take charge of its automated execution business in the European equity markets, the Wall Street Journal reports.

27 August 2009

News/Dealing rooms

Nasdaq OMX and BM&F Bovespa in partnership talks; LSE and Nyse Euronext eye Indian bourse stakes

Nasdaq OMX and Brazil's BM&F Bovespa have entered into exclusive discussions aimed at setting up a strategic, commercial and technological partnership. Meanwhile, local press reports suggest the LSE and Nyse Euronext are both considering taking five per cent stakes in India's MCX-SX.

27 August 2009

News/Dealing rooms

Algo traders and dark pools under fire as US senator calls for market review

The Securities and Exchange Commission (SEC) has been urged to conduct a comprehensive review of market structure by US Senator Ted Kaufman, who warns that practices such as algorithmic trading and the use of dark pools may erode investor confidence.

26 August 2009

News/Dealing rooms

Instinet to acquire Torc Financial

Instinet is to step up its ambitions in the US options market with an agreement to acquire substantially all the business and assets of derivatives trading technology vendor Torc Financial.

26 August 2009

News/Dealing rooms

Deutsche Börse taps IBM messaging technology for new trading infrastructure

Deutsche Börse has selected messaging technology from IBM as part of a project to bring its Eurex, ISE and Xetra exchanges onto a common IT infrastructure.

25 August 2009