Latest Dealing rooms News: Finextra Research

Merrill mulling Bloomberg stake sale

Merrill Lynch CEO John Thain has fuelled new speculation that the investment bank is considering selling its 20% stake in US financial information company Bloomberg.

13 June 2008

News/Dealing rooms

Nyse to sell market data to Internet sites

The New York Stock Exchange (Nyse) is gearing up to launch a low-cost real-time market data service for delivery over personal finance Web sites. The move follows earlier deals by Nasdaq OMX and Bats Trading to distribute market data to new media giants such as Google and Yahoo!.

12 June 2008

News/Dealing rooms

Industry association to probe exchange clearing

The Futures and Options Association (FOA) is to probe plans by IntercontinentalExchange (ICE) and Liffe to establish clearing houses in Europe as part of a larger investigation into the exchange clearing business in the region.

12 June 2008

News/Dealing rooms

Accenture wins Icap outsourcing deal

London-based interdealer broker Icap has awarded a five year contract to develop and maintain its European Union credit trading platform to technology consultancy Accenture.

11 June 2008

News/Dealing rooms

RBC Direct Investing taps blogs for investment management

RBC Direct Investing - the online trading arm of Royal Bank of Canada - is tapping social media with the introduction of a "community" that will provide investors with access to blogs and discussion forums that are relevant to their trading strategies.

11 June 2008

News/Dealing rooms

Nyse Euronext launches hosted technology platform

Transatlantic exchange Nyse Euronext has launched a new hosted 'Community Platform', designed to provide customers with "plug-in" access to products and services from external technology vendors.

11 June 2008

News/Dealing rooms

Wall Street IT budgets holding up

Despite write downs and personnel cuts following the credit crunch, Wall Street firms are continuing to invest in IT - particularly risk technology - and expect budgets to increase next year, according to research released by IBM and the Securities Industry and Financial Markets Association (Sifma).

10 June 2008

News/Dealing rooms

Sell-side to increase spending on equity analytics - Tabb

With the emphasis on managing risk at an all-time high, spending on equity analytics by global sell-side firms will rise at a compound annual growth rate (CAGR) of five per cent through to 2012, says a new Tabb Group report.

10 June 2008

News/Dealing rooms

KTS sells off Market Terminal subscriber base

London-based Knowledge Technology Solutions (KTS) has sold its Market Terminal subscription service to investment software vendor Ionic Information for a minimum consideration of £50,000 in cash.

10 June 2008

News/Dealing rooms

Smart routing vital to success in post-MiFID market

Smart order routing is key to success for agency brokers operating in the increasingly fragmented post-MiFID market, according to Instinet Europe.

09 June 2008

News/Dealing rooms

Selftrade launches UK mobile share dealing service

Online broker Selftrade is launching a new service that will enable its UK customers to trade shares using their mobile phones.

09 June 2008

News/Dealing rooms

Patsystems slumps on profit warning

Shares in London-based Patsystems dived after the trading technology vendor warned of a profit shortfall in the first half of the year, which will not be recovered in H2.

06 June 2008

News/Dealing rooms

Nyse Euronext woos algorithmic traders with fee cuts

In a bid to win market share from rival bourses and alternative trading systems, transatlantic exchange Nyse Euronext is slashing fees for high-frequency, algorithmic trading on its European cash equity markets.

05 June 2008

News/Dealing rooms

E*Trade launches trading application for Blackberry users

Online discount brokerage E*Trade is launching a free software application designed specifically for Blackberry handheld devices which enables users to access their accounts, view streaming real-time data and make trades.

05 June 2008

News/Dealing rooms

ICE to buy Creditex

US market operator IntercontinentalExchange (ICE) has signed a definitive agreement to acquire electronic credit derivatives trading platform Creditex in a cash and stock deal worth around $625 million.

03 June 2008

News/Dealing rooms

Private equity outfit takes stake in MarketAxess

Private equity firm Technology Crossover Ventures (TCV) is acquiring a minority stake in US electronic bond trading network MarketAxess for an aggregate purchase price of $35 million.

03 June 2008

News/Dealing rooms

Glitch delays trading on OMX exchanges

Technical glitches have delayed trading on the Stockholm, Helsinki and Copenhagen stock exchanges for the second time this week.

03 June 2008

News/Dealing rooms

Nasdaq OMX launches free real-time market data service

Market operator Nasdaq OMX has launched a free-of-charge real-time market data service that will be delivered by Google, the Wall Street Journal, CNBC and Xignite.

02 June 2008

News/Dealing rooms

Euroclear to acquire Nordic Central Securities Depository

The four Scandinavian banks that own the Nordic Central Securities Depository (NCSD) have signed a preliminary deal to sell their stakes in the business to European depository Euroclear.

02 June 2008

News/Dealing rooms

Bats chooses Fortis for European clearing

US ECN operator Bats Trading has recruited Dutch-Belgian banking group Fortis to provide clearing services for its new European trading facility, which is slated for launch in September.

02 June 2008