Latest Dealing rooms News: Finextra Research

Interactive Data looks for growth in Japan with NTT Data stake

Interactive Data is to acquire a majority 64% stake in Tokyo-based reference data outfit NTT Data Financial (NDF) from NTT Data Corp for $20.2 million.

19 November 2008

News/Dealing rooms

Chi-X acquires exchange technology specialist Cicada

Electronic trading platform Chi-X has acquired dealing technology outfit Cicada, with the aim of creating a new exchange services business unit.

18 November 2008

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Fixnetix bags Credit Suisse hosted trading deal

Credit Suisse is to use technology from Fixnetix to offer hosted low-latency trading support and ultra-fast direct market access to users of its Advanced Execution Services business.

17 November 2008

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Thomson Reuters launches real-time estimate revision feed

Thomson Reuters has launched a real-time global estimate revision feed that notifies clients when brokers update their earnings estimates.

17 November 2008

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US regulators sign CDS counterparty clearing MoU

US regulatory agencies have signed a memorandum of understanding to jointly guide the development of central counterparty clearing arrangements for the credit default swaps market.

14 November 2008

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Finextra hits three million milestone

Monthly page views on the Finextra Research online Website broke the three million barrier for the first time in October, cementing the site's position as the market-leading information resource and community platform for financial technology professionals worldwide.

14 November 2008

News/Dealing rooms

BNY ConvergEx unveils European smart order router

BNY ConvergEx has unveiled a new global smart order routing platform in response to the growth of new liquidity pools and multilateral trading facilities (MTFs) within Europe.

13 November 2008

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London Stock Exchange takes Lehman charge and sets back Baikal launch

Shares in the London Stock Exchange dropped by more than ten per cent after the UK market operator cancelled its share buy-back programme and warned of "extraordinarily difficult" market conditions.

13 November 2008

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Standard Bank looks to cut op risk with Thunderhead platform

South Africa's Standard Bank is rolling out Thunderhead's enterprise communications platform in the UK to reduce operational risk across its derivative trade confirmation process.

13 November 2008

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Thomson Reuters bucks extreme markets

Thomson Reuters has bucked the gloomy market outlook in its Q3 results statement as integration savings ran ahead of plan and the company confirmed its financial guidance for 2008.

13 November 2008

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LSE brings Italian equities onto TradElect

The London Stock Exchange has completed the migration of Italian equities onto the TradElect platform, creating Europe's deepest pool of liquidity.

11 November 2008

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Swiss Exchange to close SWX Europe with the loss of 40 jobs

In a move that marks the end of a seven-year presence as a recognised investment exchange in London for the Swiss group, SIX Swiss Exchange will close SWX Europe and reunify share trading in Zurich by mid-2009 in an effort to streamline operations and cut costs.

11 November 2008

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Nedbank Capital signs for Aleri liquidity management technology

South Africa's Nedbank has selected liquidity management technology from New York-based Aleri for its investment banking business.

11 November 2008

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Ballista begins trading as ATS

New York-based broker-dealer Ballista Securities has begun live trading on its alternative trading system (ATS) for block options and delta neutral orders.

10 November 2008

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Mizuho snaps up Lehman e-trading team - Bloomberg

Japanese bank Mizuho Financial Group is set to start electronic trading in Asia after snapping up a team of 16 former Lehman Brothers employees, according to a report from Bloomberg.

10 November 2008

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Tbricks gets EUR4m funding for European and US expansion

Swedish automated trading software outfit Tbricks has raised EUR4 million from investors led by London-based venture capital firm DN Capital, which will be used to expand into Europe and the US.

10 November 2008

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BT extends Radianz Ultra Access to Chicago

BT has extended its low latency connectivity offering, Radianz Ultra Access, into Chicago.

10 November 2008

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Turquoise exceeds forecasts with five per cent share

Bank-backed trading network Turquoise claims to have hit its year-end forecasts two months early by achieving five per cent market share in the 310 stocks traded across its platform.

10 November 2008

News/Dealing rooms

Brazil's Paineiras deletes Excel in favour of Xenomorph TimeScape

Brazil-based hedge fund Paineiras Investimentos has rolled out Xenomorph's data management system, TimeScape in an effort to improve risk management while accelerating time-to-market for new products and trading strategies.

06 November 2008

News/Dealing rooms

GL Trade revenue up, despite fall in OTC system sales and slower front-office growth

GL Trade has reported Q3 revenue up 10.5% to EUR162.8m despite its front-office sales being hit in Europe and sales of its Tradix and Sierra solutions falling worldwide.

06 November 2008