Latest Finexpo CTS News: Finextra Research

Euronext to speed up equities trading

Pan-European exchange Euronext says its upgraded equities trading platform, NSC Equities, will go live in early 2007 and will offer users an average response time of under five milliseconds.

14 December 2006

News/Finexpo CTS

German exchanges restructure for algo trading

Swiss-German derivatives exchange Eurex is to introduce price discounts and upgrade its technology infrastructure to cater for an increase in proprietary and algorithmic trading techniques.

13 December 2006

News/Finexpo CTS

Banc of America Securities introduces 'Departure Price' algorithm

Banc of America Securities (BAS) has launched an algorithmic trading programme designed to execute client orders at an average closing price as near as possible to a pre-determined timeframe.

12 December 2006

News/Finexpo CTS

Reuters offers real-time news for algorithmic trading

UK news and information group Reuters has launched two products that allow its streaming news and data output to be used for the purposes of automated and algorithmic trading.

11 December 2006

News/Finexpo CTS

HSBC deploys Yolus risk system

Top tier bank HSBC is to roll out Yolus' enterprise risk management technology in New York following a successful pilot of the system.

05 December 2006

News/Finexpo CTS

SEB Enskilda Equities links to Fidessa broker network

Skandinaviska Enskilda Banken is to offer direct access dealing in the Nordic financial markets over the Fidessa network from UK vendor royalblue.

04 December 2006

News/Finexpo CTS

Nordea virtualises derivatives risk pricing with DataSynapse

Scandinavian bank Nordea has implemented DataSynapse's GridServer software in an effort to speed up turn-around times for risk pricing at its derivatives trading operations.

04 December 2006

News/Finexpo CTS

Lloyds TSB selects IPC VoIP system for new trading floor

IPC has completed the engineering and installation of its voice trading technology at Lloyds TSB Corporate Markets' new 250-position state-of-the art trading floor.

28 November 2006

News/Finexpo CTS

JPMorgan Chase selects Aperture for data centre management

JPMorgan Chase (JPMC) has rolled out a data centre management system from Connecticut-based Aperture Technologies across 22 of its facilities across North America.

27 November 2006

News/Finexpo CTS

City IT budget growth set to slow

City IT budgets are set for another year of growth in 2007, albeit at a slower pace than the double-digit hikes seen in 2006, according to a survey conducted by Finextra Research.

27 November 2006

News/Finexpo CTS

Reference data quality remains investment hotspot - report

Over a third of financial services firms are planning to invest in the automation of reference data over the next two years, according to a survey of IT managers conducted by AIM Software and sponsored by FT Interactive Data.

24 November 2006

News/Finexpo CTS

MiFID to cost UK firms £1bn, says FSA

The Financial Services Authority (FSA) says implementation of the European Union's Markets in Financial Instruments Directive (MiFID) could cost the UK's financial services industry up to £1 billion.

24 November 2006

News/Finexpo CTS

Finexpo switches venue to cope with rising numbers

Finexpo, the leading London conference and technology exhibition for City investment professionals, is set to celebrate its fifth anniversary with a move to a new venue in an effort to cater for rising delegate numbers.

24 November 2006

News/Finexpo CTS

Majority of firms yet to budget for MiFID

Almost two thirds of European financial services firms have not yet fully budgeted for the implementation of the EU's Markets in Financial Instruments Directive (MiFID), according to a survey by SunGard.

23 November 2006

News/Finexpo CTS

Deutsche Börse touts MiFID services

Following news earlier this week that a consortium of investment banks is setting up a trading platform that will compete with domestic European exchanges post-MiFID, Germany's Deutsche Börse has unveiled a package of services that it will implement following the introduction of the EU directive next year.

17 November 2006

News/Finexpo CTS

Investment banks to launch European equities platform; compete with exchanges

A group of seven global investment banks have agreed to establish a pan-European equities trading platform that will compete head-to-head with the region's domestic stock exchanges following the introduction of the EU's Markets in Financial Instruments Directive (MiFID).

15 November 2006

News/Finexpo CTS

Goldman to launch off-exchange trading platform in Europe

US investment bank Goldman Sachs is set to launch an off-exchange automated trading platform in Europe that will provide clients with access to dark liquidity pools.

13 November 2006

News/Finexpo CTS

Algorithmic trading to take majority share in 2010

More than half of all equities trading in the US will be done using algorithmic dealing systems by the end of 2010, according to Boston-based research consultancy Aite Group.

07 November 2006

News/Finexpo CTS

Nomura to acquire Instinet

Japan's largest securities firm Nomura is to acquire agency broker Instinent from Silver Lake Partners in a $1 billion all cash transaction.

02 November 2006

News/Finexpo CTS

European exchanges agree clearing and settlement code

European stock exchanges are set to sign up to a code of conduct designed to slash the cost of trading shares across borders by injecting more transparency and competition into clearing and settlement operations.

01 November 2006