Latest Dealing rooms News: Finextra Research

Equinix buys Frankfurt data centre as demand from financial firms builds

Equinix has acquired a data centre in Frankfurt and outlined plans to expand one of its New York sites on the back of strong demand from financial services firms.

23 July 2009

News/Dealing rooms

Algo revival powers surge in electronic trading volumes

A surge in algorithmic trading helped drive a significant increase in the share of US equity trading volumes executed via electronic platforms last year, according to the results of Greenwich Associates' 2009 US Equity Investors Study.

21 July 2009

News/Dealing rooms

Citadel takes majority stake in Equiduct

US hedge fund Citadel Investment Group is taking a majority stake in Equiduct, the European multi-lateral trading facility operated by Borse Berlin.

21 July 2009

News/Dealing rooms

MiFID helps cut share trading costs - study

The introduction of the Markets in Financial Instruments Directive (MiFID) has helped to significantly reduce the cost of share trading by transaction in the last couple of years. However, in terms of value of trading, costs have actually increased in five major centres, according to a study commissioned by the EC.

17 July 2009

News/Dealing rooms

LCH.Clearnet rebuff's Icap-led takeover approach - Reuters

LCH.Clearnet last month rejected a takeover offer from an Icap-led consortium due to concerns about the business plan, according to a report from Reuters citing "two people familiar with the matter".

15 July 2009

News/Dealing rooms

Delhi Stock Exchange to resume operations using IBM on-demand tech model

The Delhi Stock Exchange is to resume operations following a six-year hiatus after signing a 10-year pay-as-you-go IT services deal with IBM.

15 July 2009

News/Dealing rooms

UBS files code theft lawsuit

In an incident with striking parallels to the recent Goldman Sachs code theft case, it now emerges that UBS in March filed a lawsuit against three former quant traders alleging that they stole proprietary algorithmic trading software with the intent of using it at their new employer, Jefferies.

14 July 2009

News/Dealing rooms

US Justice Dept. investigates Markit shareholders - Bloomberg

The US Justice department is probing the shareholders of London-based data provider Markit for possible anti-trust breaches in relation to trading in credit default swaps, according to Bloomberg.

14 July 2009

News/Dealing rooms

Microsoft Silverlight to take on Flash in the dealing room

Microsoft is wooing the business community as it looks to take on Adobe's popular Flash suite with the latest release of its Silverlight Rich Internet Application (RIA) toolkit.

13 July 2009

News/Dealing rooms

Iosco publishes exchange outsourcing guidelines

The International Organisation of Securities Commission (Iosco) has published a set of principles designed to assist exchange operators and regulators when considering outsourcing arrangements.

13 July 2009

News/Dealing rooms

SmartPool signs up members

SmartPool, the European exchange-led dark pool for block trading set up by Nyse Euronext, BNP Paribas, HSBC and JPMorgan says 14 investment firms have now signed up to the platform.

13 July 2009

News/Dealing rooms

CESR to set out rules for improving transparency in non-cash markets

The Committee of European Securities Regulators (CESR) has recommend the adoption of a mandatory trade transparency regime for corporate bond, structured finance product and credit derivatives markets "as soon as practicable".

10 July 2009

News/Dealing rooms

Citadel sues ex-staff for contract breach; raises code-theft spectre

Citadel Investment Group is suing three former employees who set up Teza Technologies, the firm that became embroiled in the Goldman Sachs code theft case this week, for violating a non-compete agreement.

10 July 2009

News/Dealing rooms

Bats plans US options exchange

Bats Global Markets says it plans to launch a US equity options exchange in the first quarter of next year.

08 July 2009

News/Dealing rooms

Vienna Stock Exchange to migrate derivatives to Eurex system

The Vienna Stock Exchange has outlined plans to ditch its current OMex system for derivatives trading and migrate to the platform of Deutsche Boerse unit Eurex.

07 July 2009

News/Dealing rooms

Thomson Reuters buys Webcasting firm Streamlogics

Thomson Reuters has acquired Canadian Webcasting firm Streamlogics. Financial terms of the deal were not disclosed.

07 July 2009

News/Dealing rooms

FBI nabs programmer accused of stealing trading code

A Russian computer programmer has been arrested by the FBI, accused of stealing proprietary trading code from the New York-based financial institution he used to work for.

06 July 2009

News/Dealing rooms

Nyse resorts to open outcry after computer malfunction

The New York Stock Exchange resurrected the dying art of open outcry at the close of play Thursday after a series of computer snags interrupted trading and forced the Exchange to extend the closing by 15 minutes.

03 July 2009

News/Dealing rooms

European Commission sets out tech-driven action plan for derivatives trading

The European Commission is calling for a technology-driven overhaul of the derivatives markets in a sweeping set of proposals aimed at strengthening the safety of the financial system.

03 July 2009

News/Dealing rooms

European exchanges and clearers lay down interoperability guidelines

Trading and clearing venues across Europe have agreed a set of standards to cover the electronic exchange of trade information between competing market infrastructures.

02 July 2009