Latest Dealing rooms News: Finextra Research

Researchers claim network delay tracking breakthrough

In a breakthrough that could prove significant for investment banks running electronic trading systems, computer scientists say they have developed an inexpensive way to track microsecond delays in data centre networks.

21 August 2009

News/Dealing rooms

Chi-Tech launches 'exchange-neutral' European trading network

Chi-Tech, the technology services unit of Chi-X Global, is to launch a new "ultra low-latency network" to provide multi-venue access to European trading destinations.

14 August 2009

News/Dealing rooms

Nyse Liffe shelves CDS clearing

Nyse Euronext subsidiary Liffe has suspended its European credit default swaps (CDS) clearing service after failing to attract a single trade since launching in December.

13 August 2009

News/Dealing rooms

Finextra50 sees reversal of fortunes

The Finextra50 Technology Index continues its rise in July with an almost eight point gain. In a complete reversal from June, Fico was one of the top five gainers while Microgen slipped down to one of the top five losers.

12 August 2009

News/Dealing rooms

LSE close to binning TradElect; reviews alternative platforms - DJ

The London Stock Exchange is close to replacing the £40 million TradElect platform, says CEO Xavier Rolet in an interview with Dow Jones Newswires.

12 August 2009

News/Dealing rooms

SGX and Chi-X plan dark pool

The Singapore Exchange (SGX) and Chi-X have signed a heads of terms agreement to develop and launch Asia Pacific's first bourse-backed dark pool.

12 August 2009

News/Dealing rooms

Markit and DTCC derivatives trade processing JV set for September launch

The US Depository Trust & Clearing Corporation (DTCC) and UK-based Markit will launch their OTC derivatives processing services joint venture in September after getting the green light from regulators.

11 August 2009

News/Dealing rooms

Call for national reference data respository to combat systemic risk

The American Statistical Association (ASA), as well as the EDM Council, have endorsed a petition to create a new US Federal agency to build and oversee a centralised utility for maintaining reference and trade data.

07 August 2009

News/Dealing rooms

Optiver sues rival over software theft - report

The Australian arm of derivatives trading firm Optiver is suing Tibra, a rival outfit set up by a former employee, for allegedly stealing software, according to local press reports.

07 August 2009

News/Dealing rooms

Market data rivals battle for share of wallet as terminal sales wilt

In an unprecedented announcement, Bloomberg has admitted to a fall in terminal numbers, revealing a four per cent drop from November last year. The statement was released late Tuesday, the day before the publication of second quarter 2009 results from Thomson Reuters, which highlight the positive outlook in the diversified vendor's non-financial services professional division.

06 August 2009

News/Dealing rooms

Direct Edge CEO hits back over flash orders

The boss of Direct Edge, the alternative trading system that pioneered the introduction of flash order types three years ago, has launched a robust defence of the controversial practice as regulators hint at a looming crackdown.

06 August 2009

News/Dealing rooms

Nasdaq OMX profit slides on market share declines and write-offs

Nasdaq OMX has posted a 31% drop in quarterly profits as the transAtlantic exchange operator incurred some $35 million in charges and saw its market share in US stock trading drop for the fifth successive quarter.

06 August 2009

News/Dealing rooms

LBBW signs for Xenomorph data management system

Germany's Landesbank Baden-Württemberg (LBBW) is rolling out Xenomorph's data management system, TimeScape at its group risk control department.

05 August 2009

News/Dealing rooms

FSA looks into high-frequency trading and dark pools

The Financial Services Authority (FSA) is examining the impact of high-frequency trading and the use of dark pools on the UK equity market.

04 August 2009

News/Dealing rooms

Thomson Reuters buys Vhayu

Thomson Reuters has acquired California-based market data technology vendor Vhayu Technologies. Financial terms of the deal were not disclosed.

03 August 2009

News/Dealing rooms

Commerzbank signs for BT voice trading systems

Germany's Commerzbank has inked a five year, multi-million euro contract with BT for the provision of managed services for its voice trading systems.

28 July 2009

News/Dealing rooms

US senator calls for 'flash' orders ban

US Senator Charles Schumer has called on the Securities and Exchanges Commission (SEC) to ban "flash" trades, where users are given an advanced peek at unfilled orders ahead of the wider market.

27 July 2009

News/Dealing rooms

Three more banks join CLS/Icap FX joint venture

Bank of America, Credit Suisse and Morgan Stanley have joined four other founder banks in supporting the CLS/Icap joint venture to provide trade aggregation services in the over-the-counter FX market.

27 July 2009

News/Dealing rooms