Latest Dealing rooms News: Finextra Research

SocGen automates equity derivative confirmations with Thunderhead

Société Générale Corporate & Investment Banking (SG CIB) has deployed Thunderhead's document generation technology to automate the creation of equity derivative trade confirmations.

02 October 2008

News/Dealing rooms

Bombay Stock Exchange set to ditch Nasdaq OMX platform

The Bombay Stock Exchange (BSE) is considering scrapping a deal with Nasdaq OMX for the implementation of a trading and clearing platform following concerns about the technical specifications and delivery of the system.

02 October 2008

News/Dealing rooms

CFTC and FSA to lead commodities task force

The US Commodity Futures Trading Commission (CFTC) and the UK's Financial Services Authority (FSA) will head up a task force - established by the technical committee of the International Organisation of Securities Commission (IOSCO) - that will examine regulation of the commodities markets.

02 October 2008

News/Dealing rooms

Nasdaq OMX hits out at LSE tariff

A move by the London Stock exchange (LSE) to impose a special tariff on equity orders channelled to its market from competing platforms has led to accusations of "anti-competitive behaviour" from rival Nasdaq OMX.

02 October 2008

News/Dealing rooms

Postbank deploys Asset Control data management software

Germany's Postbank is rolling out Asset Control's AC Plus financial and reference data management software.

30 September 2008

News/Dealing rooms

JP Morgan becomes SmartPool partner

JP Morgan is joining Nyse Euronext, HSBC and BNP Paribas as a partner in SmartPool, the pan-European electronic block trading platform set to launch in November.

30 September 2008

News/Dealing rooms

EuroCCP moves to take advantage of Fortis woes; offers clearing for MTFs

European Central Counterparty Limited (EuroCCP), the European subsidiary of The Depository Trust & Clearing Corporation (DTCC) says it is ready to step into the breach and provide clearing services for European MTFs such as Chi-X, Nasdaq OMX, Bats and other new execution venues served by troubled Belgian bank Fortis.

29 September 2008

News/Dealing rooms

Euroclear signs for BT managed security services

European depository Euroclear has signed a three year deal with UK telco BT for the provision of security monitoring and management services.

29 September 2008

News/Dealing rooms

CCorp says CDS clearing counterparty will launch by year-end

Chicago-based CCorp (the Clearing Corporation) has moved to quell rumours that its plans for developing a central counterparty for credit risk has faltered, and has pledged to launch the new facility by the end of the year.

29 September 2008

News/Dealing rooms

Nasdaq OMX launches European platform

Transatlantic exchange operator Nasdaq OMX says trading has begun on its new MiFID-compliant pan-European trading and routing facility.

26 September 2008

News/Dealing rooms

TriOptima claims credit as CDS backlogs recede

OTC post-trade processor TriOptima is claiming much of the credit for a 12% industry-wide decline in outstanding credit default swaps transactions, as dealers move to tear up offsetting deals and reduce the backlogs clogging up back offices.

25 September 2008

News/Dealing rooms

Short-selling ban stirs e-trading confusion

A surge in trading volumes after the US Securities and Exchange Commission (SEC) banned short selling last week caused glitches on electronic platforms that cancelled thousands of trades, according to a Wall Street Journal (WSJ) report.

25 September 2008

News/Dealing rooms

LSE pursues competitive clearing model

The London Stock Exchange (LSE) has confirmed plans to allow Swiss central counterparty SIS x-clear to join LCH.Clearnet as a competitive provider of clearing services on its equity market.

24 September 2008

News/Dealing rooms

Burgundy MTF selects Cinnober trading technology

Stockholm-based Cinnober has won a deal to provide the platform for Burgundy, the multilateral trading facility (MTF) being established by a group of the largest banks and brokers in Sweden.

24 September 2008

News/Dealing rooms

Misys reports Mizuho implementation

Japan's Mizuho Corporate Bank is rolling out core banking technology from UK vendor Misys across its European operations as part of an initiative to standardise business processes across its global network.

24 September 2008

News/Dealing rooms

New platforms to challenge LSE on reference data

Chi-X, Turquoise and Nasdaq OMX have joined an informal working group formed by Plus Markets to explore alternative market data and price reporting services to those provided by the London Stock Exchange (LSE).

23 September 2008

News/Dealing rooms

CME Group joins Linux Foundation

Derivatives exchange operator CME Group has joined the Linux Foundation, with its associate director Vinod Kutty taking on the chair of the organisation's end user council.

23 September 2008

News/Dealing rooms

Nasdaq OMX eyes London listings

Transatlantic exchange Nasdaq OMX has disclosed plans to establish a listings venue in London, just days ahead of the launch of its MiFID-compliant pan-European multilateral trading facility.

22 September 2008

News/Dealing rooms

North American securities industry IT spending to plummet

The bankruptcy of Lehman Brothers and acquisition of Merrill Lynch by Bank of America will contribute to a fall of nearly 15% in IT spending by the securities industry in North America next year, according to Tabb Group.

19 September 2008

News/Dealing rooms

Funds industry standards could be years away, says Clearstream

Interoperable standards between banks, fund managers and their intermediaries could take decades to emerge, according to European clearing and settlement body Clearstream.

19 September 2008