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Thomson Reuters faces whistleblower suit over allegations of market data tip-offs to premium clients

A former Thomson Reuters employee is suing the news and information vendor for wrongful dismissal after he made allegations to the FBI that the company was releasing market reports early to ultra low-latency clients.

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Bloomberg adds real-time tweet stream to market data desktop

Bloomberg is to integrate real-time Twitter feeds into its market data terminal. The announcement follows this week's decision by the US Securities and Exchange Commission to allow companies to use social media for corporate disclosures.

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Nasdaq OMX agrees eSpeed acquisition

Nasdaq OMX has struck a deal to buy electronic US Treasuries trading platform eSpeed from BGC Partners for $750 million in cash.

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Banks join forces to develop open standard for electronic OTC trading

A group of leading sell-side banks has set up a working group that will focus on the creation of an open industry standard protocol for client and trader enablement on electronic trading platforms.

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SEC approves Nasdaq's Facebook IPO compensation plan

The Securities and Exchange Commission (SEC) has approved Nasdaq OMX's planned $62 million compensation package for firms affected by last year's botched Facebook IPO.

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CFTC computers crashing under weight of new swaps data

New swaps data reporting rules have left the Commodity Futures Trading Commission (CFTC) floundering in a sea of data, its computers crashing under the strain, claims one of the watchdog's own commissioners.

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Consolidated tape project falls at first hurdle

A commercial initiative to build an industry-led consolidated tape for European equities has been abandoned after the backers of the project failed to gain a consensus among disparate market participants.

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Beware of the dark, but HFT no bogey man says Aussie regulator

The potential for market abuse in dark pool trading is more profound than 'overstated' concerns about the dangers of high frequency trading, says Australia's Securities and Investment Commission (Asic).

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Bloomberg leads the way as market data spending sees modest growth

Global spending on market data and analysis rose a modest 2.34% in 2012, with Bloomberg narrowly beating out rival Thomson Reuters to gain the biggest slice of the pie, according to a report from Burton-Taylor International Consulting.

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JPMorgan data leak linked to seventh insider trading conviction

The Financial Services Authority has achieved the seventh conviction in an insider trading investigation centred around the leaking of price sensitive data from JPMorgan Cazenove.

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SEC sets out new tech rules

The Securities and Exchange Commission has approved new rules governing IT policies and procedures at 'key market participants', in an effort to better insulate the markets from vulnerabilities posed by systems technology issues.

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Google joins bidders to build US consolidated audit trail system

Google, Nyse Technolgies and Thomson Reuters are among 31 firms to throw their hats into the ring to build a consolidated audit trail (CAT) system to monitor and analyse US trading activity.

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IT savings to the fore as LSE agrees revised offer for LCH.Clearnet

The London Stock Exchange is expecting to realise EUR25 million in IT rationalisation and other cost savings as it agrees a revised £284 million cash offer to buy a majority stake in LCH.Clearnet.

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FBI taps SEC expertise on algo trading market manipulation

The FBI has begun working with a new Securities and Exchange Commission (SEC) unit to take on algorithmic trading-based market manipulation.

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ECB signs for Thomson Reuters Eikon

The European Central Bank has signed a three year deal to roll out Thomson Reuters' Eikon desktops across the ECB and 18 participating national central banks.

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ABN Amro penalised over fat finger client trading error

ABN Amro has been slapped with a Skr300,000 fine by Nasdaq OMX Stockholm after mistakenly trying to buy 70% of the issued share capital of industrial outfit SKF following a fat fingered trading error by a sponsored access client.

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UK govt trawls LSE share data for benefit claims assessment

The UK Department for Work and Pensions (DWP) is asking private firms to pitch for a contract checking share prices on the LSE to help it identify the incomes of people claiming benefits.

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ION Group agrees FFastFill acquisition

ION Group's acquisition spree shows no sign of ending, with the fintech firm's Pattington subsidiary agreeing to buy FFastFill in a cash deal which values the UK derivatives trading vendor at £106.1 million.

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Nyse Technologies turns on social media hosepipe

Nyse Technologies is to start distributing social media sentiment statistics from vendor SMA through its SFTI Network and SuperFeed market data service.

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Thomson Reuters to slash 2500 jobs

Thomson Reuters is to cut 2500 jobs from its underperforming financial and risk division by year end.