Latest Dealing rooms News: Finextra Research

European Commission sets year-end deadline for creation of CDS clearing counterparty

The European Commission has set an end-year deadline for financial market participants to draw up a blueprint for the clearing of credit default swaps.

06 November 2008

News/Dealing rooms

Computer programmer files $5m suit against Lehman

Lehman Brothers has been hit with a $5 million lawsuit filed on behalf of over 100 former employees by a computer programmer who was laid off by the failed investment bank.

06 November 2008

News/Dealing rooms

Australia's GBST to acquire Coexis

Australian financial software house GBST is to acquire London-based securities tech firm Coexis. Financial terms of the deal were not disclosed.

05 November 2008

News/Dealing rooms

Tokyo Stock Exchange to fire 'arrowhead' in 2010

The Tokyo Stock Exchange is to delay the launch of its next generation trading system from late 2009 to the first business day of 2010 following consultation with CIOs from major trading firms on the Exchange.

05 November 2008

News/Dealing rooms

Nasdaq OMX acquires market intelligence firm Bloom Partners

Nasdaq OMX has acquired Chicago-based Bloom Partners, a supplier of market intelligence services to public companies. Terms of the deal were not disclosed.

04 November 2008

News/Dealing rooms

Tradeweb enters inter-dealer broker business

Automated fixed income network Tradeweb is to become a full-service inter-dealer broker after acquiring US voice brokerage Hilliard Farber. Terms of the deal were not disclosed.

03 November 2008

News/Dealing rooms

TD Ameritrade supports iPhone trading through third-party applications

Software developers iStockManager and Infiniti Global Solutions have developed iPhone and iPod Touch trading applications for customers of online broker TD Ameritrade.

31 October 2008

News/Dealing rooms

LSE appoints CEO for Baikal project

The London Stock Exchange moved a step closer to ending the uncertainty surrounding its proposals to launch a dark pool for pan-European equities trading by naming former Lehman staffer John Wilson as chief executive of Baikal.

30 October 2008

News/Dealing rooms

FTEN plans global expansion as brokers take minority stake

Merrill Lynch, Goldman Sachs, JPMorgan and Credit Suisse have taken a minority equity interest in ASP-based risk management and compliance outfit FTEN as the company looks to expand beyond the US.

30 October 2008

News/Dealing rooms

ICE to acquire The Clearing Corporation as CDS clearing deadline nears

IntercontinentalExchange is to acquire The Clearing Corporation of Chicago as it gears up for the launch of a central counterparty clearing system for the credit default swaps market in conjunction with nine global dealers.

30 October 2008

News/Dealing rooms

Hedge fund IT spending set to plummet

US-based hedge funds are to cut total IT spending by 40% in 2009, to $882 million, says a new Tabb Group study.

29 October 2008

News/Dealing rooms

BT and List win e-MID IT contract

Italian bank-backed interbank deposit and swaps mart e-MID has contracted with local software house List and BT Radianz to provide the backbone for its new electronic money market platform, servicing 258 member banks in 26 countries worldwide

29 October 2008

News/Dealing rooms

Markit and Tokyo Stock Exchange discuss new business ventures

UK market data outfit Markit is working with the Tokyo Stock Exchange to explore opportunities for the creation of new financial indices and valuation services and the promotion of improved post-trade processing for over-the-counter derivatives in Japan.

28 October 2008

News/Dealing rooms

JSE makes bid for South African bond exchange

The Johannesburg Stock Exchange has made a R173 million bid for the Bond Exchange of South Africa (Besa)

27 October 2008

News/Dealing rooms

Thomson Reuters launches hosted Opra feed

Thomson Reuters has launched a hosted, low latency direct market data feed to the US Options Agency (Opra).

27 October 2008

News/Dealing rooms

Nyse abolishes specialists as Bats circles

The New York Stock Exchange is to banish the privileged position of specialist firms on the trading floor as it bids to keep pace with competitors operating on faster automated platforms.

27 October 2008

News/Dealing rooms

LSE hires headhunters to find Furse successor

The London Stock Exchange has hired a headhunter to find a replacement for chief executive Clara Furse, who has fended off a string of hostile takeovers during her eight year tenure at the LSE helm.

27 October 2008

News/Dealing rooms

Nyse Euronext launches best execution performance measurement tool

TransAtlantic exchange operator Nyse Euronext has launched TradeCheck, an online service designed to measure best execution performance across 18 European exchanges and markets.

23 October 2008

News/Dealing rooms

MTFs propose common symbology for European stocks

BATS European Markets Division, Chi-X Europe and Nasdaq OMX Europe have formed an open, industry working group to develop a uniform symbology framework for trading European stocks.

22 October 2008

News/Dealing rooms

DTCC and LCH.Clearnet propose merger

The US-based Depository Trust and Clearing Corporation is to buy London's LCH.Clearnet for a total consideration of €739 million in an effort to create the world's leading clearing house.

22 October 2008