Latest Dealing rooms News: Finextra Research

Chi-X Europe dark pool launches

Multilateral trading facility Chi-X Europe has launched its dark liquidity pool, Chi-Delta.

26 May 2009

Japan to build CCP for OTC derivatives trading

Japan Securities Clearing Corporation (JSCC) has announced plans to develop a central clearing counterparty for interest rate swaps and credit default swaps.

22 May 2009

News/Dealing rooms

Nordea signs for SunGard Adaptiv Analytics

Scandinavian bank Nordea is rolling out SunGard Adapitv Analytics to improve the measurement and management of counterparty credit exposure in its capital markets products.

20 May 2009

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ICE adds RBS and readies for Europe launch: RBA calls for expansion of CDS clearing to Australia

IntercontinentalExchange has added Royal Bank of Scotland to its roster of clearing members and confirmed that it will be ready to launch its credit default swaps clearing counterparty in Europe by July.

20 May 2009

News/Dealing rooms

LSE slides into the red on Borsa Italiana charge; mulls new sub-millisecond tech platform

The London Stock Exchange has reported a net loss of £338 million for the year ending March 2009 after taking a goodwill impairment charge of £484 million on its acquisition of Borsa Italiana.

20 May 2009

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UBS to launch Hong Kong dark pool

Swiss bank UBS is launching its Price Improvement Network (Pin) dark pool trading venue in Hong Kong.

18 May 2009

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Turquoise to launch liquidity aggregation service

Bank-backed equity trading venue Turquoise is set to launch a liquidity aggregation and order routing service after getting the go-ahead from the Financial Services Authority (FSA).

18 May 2009

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US regulatory reforms to drive automation in OTC trading

The US Treasury has proposed a series of regulatory reforms designed to improve transparency in over-the-counter derivative trading and encourage a market-wide shift to exchange-based electronic platforms.

14 May 2009

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LCH.Clearnet looks to deal with bidding consortium

LCH.Clearnet has responded to last week's EUR830 million offer from a consortium of banks and Icap by indicating its willingness to interweave elements of the bid with its own restructuring plans. Meanwhile, the clearing house is also set to restructure its technology platform in a bid to save millions of euros a year.

13 May 2009

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Nasdaq OMX sells Orc Software stake

Market operator Nasdaq OMX has divested its 25% stake in Swedish derivatives trading technology company Orc Software through an accelerated bookbuilding offering.

13 May 2009

News/Dealing rooms

Tokyo Commodity Exchange trading halted after new platform hit by glitch

Connectivity problems forced the Tokyo Commodity Exchange (Tocom) to suspend all trading for over three hours today, just a month after a new technology platform developed by Nasdaq OMX went live.

12 May 2009

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SunGard buys ICE Risk platform

Fintech giant SunGard has acquired the ICE Risk commodity trading system from market operator IntercontinentalExchange. Financial terms were not disclosed.

11 May 2009

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Nomura Asset Management deploys Eagle data management technology

Nomura Asset Management has rolled out data management technology from Bank of New York Mellon subsidiary Eagle Investment Systems.

11 May 2009

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Icap consortium makes EUR830m LCH.Clearnet bid - FT

A consortium of 11 banks and interdealer broker Icap has launched an EUR830 million bid for LCH.Clearnet just weeks after the Depository Trust and Clearing Corporation called off its pursuit of the London clearing house, according to the Financial Times.

11 May 2009

News/Dealing rooms

Goldman Sachs, Morgan Stanley and UBS in European dark pool pact

Goldman Sachs, Morgan Stanley and UBS have agreed a deal that will allow their clients to access each bank's European dark pools.

08 May 2009

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Direct Edge to convert to stock exchange status

US stock trading venue Direct Edge has filed applications with the Securities and Exchange Commmission to convert into two national securities exchanges later this year.

08 May 2009

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LCH.Clearnet agrees competitive clearing deals

Just days after revealing swinging price cuts, LCH.Clearnet has stepped up the pressure on rivals by agreeing new competitive clearing offerings for European MTFs Bats Europe, Chi-X, Turquoise and Nyse Arca Europe.

07 May 2009

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Nyse Euronext to implement 100G network with Ciena

Transatlantic exchange operator Nyse Euronext is to implement a new high-speed, ultra-low latency trading and market data network as part of a major data centre upgrade project in New York and London.

05 May 2009

News/Dealing rooms

LCH.Clearnet slashes clearing costs

LCH.Clearnet is to slash its fees by a third as it responds to the arrival of fresh competition inspired by an EU-mandated Code of Conduct for European clearing agreed last year.

01 May 2009

News/Dealing rooms

Nyse Euronext to cut stake in Qatar venture as Q1 profit slumps

Nyse Euronext has restructured its planned investment in a Qatar exchange as turbulent markets and fierce pricing amid increasing competition contributed to a 55% slump in first quarter profits.

30 April 2009