Latest Dealing rooms News: Finextra Research

SuperDerivatives signs ICBC (Asia)

ICBC (Asia) - the Hong Kong arm of Industrial and Commercial Bank of China - is rolling out technology from SuperDerivatives to support its foreign exchange and interest rates derivatives activity.

02 March 2009

News/Dealing rooms

Goldman Sachs to launch Hong Kong dark pool

Goldman Sachs is set to launch its Sigma-X dark pool equity trading platform in Hong Kong this week, according to the Financial Times.

02 March 2009

News/Dealing rooms

Turquoise joins competing platforms to develop common stock symbology

Pan-European MTF Turquoise is to join Bats, Chi-x, and Nasdaq OMX as the fourth member of an industry working group set up to develop and maintain a uniform symbology framework for European equities.

02 March 2009

News/Dealing rooms

Nyfix hit by FSA dark pool ruling

Loss-making Nyfix is likely to incur further costs in the development of its Euro Millennium dark pool after it was deemed non-compliant with the latest interpretations of the MiFID rulebook by the UK's Financial Services Authority.

27 February 2009

News/Dealing rooms

CESR calls for EU-based derivatives information repository

The Committee of European Securities Regulators (CESR) is calling for the creation of a euro-centric repository of bilaterally-agreed credit derivatives, mirroring the DTCC's Trade Information Warehouse in the US.

27 February 2009

News/Dealing rooms

Nomura relaunches Lehman algo trading platform in Asia Pacific

Nomura has fired up the electronic trading platform of failed investment bank Lehman Brothers to provide clients with Direct Market Access (DMA) and algorithms, connecting to equity markets in Japan, Hong Kong, Singapore and Australia.

27 February 2009

News/Dealing rooms

Finextra launches weekly news review podcast

Finextra has launched a weekly news review podcast that brings together the headlines and underlying themes and background behind the big news stories of the week.

26 February 2009

News/Dealing rooms

Randall to step down as Chi-X chief

Peter Randall is to step down as chief executive of multilateral trading facility Chi-X Europe.

26 February 2009

News/Dealing rooms

Calypso acquires Codefarm

San Francisco-based capital markets technology outfit Calypso has acquired Codefarm's portfolio construction and management platform, Galapagos.

26 February 2009

News/Dealing rooms

Nomura selects Avaloq core system for Asia wealth management ops

Japan's Nomura Group is rolling out core banking technology from Swiss vendor Avaloq across its Asia wealth management operations.

26 February 2009

News/Dealing rooms

UBS blames erroneous three trillion yen trade on 'system error'

Swiss bank UBS has confirmed that a "system error" was responsible for the entry of an erroneous trade for three trillion yen at the Tokyo Stock Exchange on Tuesday.

25 February 2009

News/Dealing rooms

Thomson Reuters calms market nerves with solid Q4

Shares in Thomson Reuters moved up more than five per cent as the giant news and information group reported Q4 sales and profit ahead of expectations, an increase in integration synergies and a forecast for continued growth through 2009.

24 February 2009

News/Dealing rooms

Asean exchanges collaborate on e-trading link

Stock exchanges in Malaysia, Indonesia, Singapore, Thailand and the Philippines have signed a Memorandum of Understanding (MOU) to form an Asean direct market access electronic trading link.

23 February 2009

News/Dealing rooms

LSE revealed as core member of LCH.Clearnet bid consortium

The London Stock Exchange (LSE) has been revealed as a participant in the consortium of inter-dealer brokers and investment banks that is considering a cash offer for LCH.Clearnet.

20 February 2009

News/Dealing rooms

SunGard CEO Conde strikes confident note on solid Q4

SunGard CEO Cristóbal Conde has given a confident assessment of the financial systems firm's ability to weather the economic downturn after turning in solid growth in organic revenue for the final quarter.

20 February 2009

News/Dealing rooms

CDS dealers bow to pressure and commit to EU clearing counterparty

Nine of the leading dealer firms in the credit default swaps markets have committed to the use of central counterparty clearing for CDS in the European Union by end-July 2009.

19 February 2009

News/Dealing rooms

MTFs set to win more market share as price competition takes hold

Trading on new multilateral trading facilities (MTFs) in Europe costs less than a fifth of the fees levied by traditional exchanges according to the latest research from TowerGroup.

19 February 2009

News/Dealing rooms

Swiss Exchange starts migration to new trading platform

SIX Swiss Exchange has gone live with its new SWXess modular trading platform, starting a migration period that gives member banks until April 9 to move off the old SWX platform. Swiss Bank BEKB | BCBE has become the first bank to connect to the FIX-based standard interface module, using the GLOX7 trading connectivity solution from GlobalXTrade.

18 February 2009

News/Dealing rooms

CESR finds huge variation in fines for MiFID non-compliance

The Committee of European Securities Regulators (CESR) has published a review of supervisory powers and practices, and administrative and criminal sanctioning regimes across Europe in relation to MiFID. It found greater convergance of approaches to regulating markets and MTFs than for investment firms. And it found administrative and criminal fines for non-compliance with the directive differ massively from country to country.

17 February 2009

News/Dealing rooms

Fidessa beats revenue/profit forecasts

Shares in UK-based Fidessa have jumped as the dealing systems vendor posted better than expected full-year revenue and profit.

16 February 2009