Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Equiduct standardises on Tibco's Rendezvous

Equiduct, the MiFID-ready pan-European platform, has standardised its electronic trading infrastructure on Tibco's messaging technology, Rendezvous.

01 November 2007

News/Finexpo CTS

EuroCCP names Citi's Diana Chan CEO; Merrill's Trevor Spanner COO

EuroCCP - the DTCC clearing and settlement subsidiary that will provide services to Project Turquoise - has named Citi's Diana Chan as its new CEO and Trevor Spanner from Merrill Lynch as COO.

01 November 2007

News/Finexpo CTS

Alpha consortium selects Cinnober trading technology

Following its high-profile contract win with the Turquoise consortium last month, Swedish vendor Cinnober Financial Technology is now reporting a deal to provide a platform for the Alpha ATS which is being established by a coalition of Canadian banks.

01 November 2007

News/Finexpo CTS

Turquoise names Cinnober technology provider; hires CEO from Morgan Stanley

Swedish vendor Cinnober Financial Technology has been selected to provide the platform for Turquoise, the bank-backed equities trading facility being set up by seven investment banks to compete with the domestic stock exchanges in Europe. The news comes as Morgan Stanley's Eli Lederman is appointed CEO of the venture.

25 October 2007

News/Finexpo CTS

MiFID uncertainty haunts capital markets firms

The vast majority of financial services firms - 93% - do not believe that MiFID will be consistently implemented and enforced across the member states involved, according to research released by UK-based ea Consulting Group.

24 October 2007

News/Finexpo CTS

Nyse Euronext partners HSBC and BNP Paribas for European block trading venture

Transatlantic exchange operator Nyse Euronext is teaming with investment banks HSBC and BNP Paribas to establish an electronic block trading platform for European listed stocks, dubbed Project SmartPool.

24 October 2007

News/Finexpo CTS

Microsoft launches MiFID package

Microsoft has launched a new package of software and services designed to help financial services firms comply with the EU's Markets in Financial Instruments Directive (MiFID), which is expected to come into force this November.

24 January 2007

News/Finexpo CTS

JPMorgan and Actuate in software licensing dispute

US investment bank JPMorgan says San Francisco-based Actuate has agreed to continue to provide it with critical software and support whilst a litigation between the two parties is pending.

23 January 2007

News/Finexpo CTS

Liquidnet to buy Miletus Trading

US institutional trading network Liquidnet has signed a definitive agreement to acquire New York-based Miletus Trading, an agency-only brokerage firm that provides quantitative execution strategies and analytics to institutional investors. Financial terms of the deal were not disclosed.

22 January 2007

News/Finexpo CTS

Investment bank consortia sift through technology options

The seven investment banks behind Project Turquoise - a pan-European equities trading platform that will compete with the region's exchanges - have stepped up their search for a vendor to build the system, while the nine-member Project Boat banking collective have settled on Markit and Cinnober as suppliers for a new trade reporting platform for European equities.

22 January 2007

News/Finexpo CTS

Wombat buys Harco Technology

New York market data technology firm Wombat Financial Software has acquired Harco Technology, a London-based company that provides market data usage reporting and compliance software to financial services firms. Financial terms of the deal were not disclosed.

22 January 2007

News/Finexpo CTS

Pan-euro settlement system will slash costs, says ECB

The European Central Bank believes the implementation of an integrated securities settlement system in the euro zone could cut settlement costs by up to 90%.

17 January 2007

News/Finexpo CTS

Goldman banned from MTS platform

US securities firm Goldman Sachs has been barred from trading on an electronic government bond trading system operated by pan-European bond exchange network MTS after allegedly violating market-making rules.

17 January 2007

News/Finexpo CTS

GMP Securities selects ClearCube PC blades system for trading floor

Canada's GMP Securities has contracted with ClearCube Technology for the implementation of a centralised computing system that will see PC Blade client desktops replacing conventional user PCs at its new trading floor.

15 January 2007

News/Finexpo CTS

Finexpo to set the agenda for 2007

Algorithmic trading, preparations for MiFID and high performance computing issues figure prominently on the conference agenda at this year’s Finexpo, the free-to-attend City business and technology show organised by Finextra.

12 January 2007

News/Finexpo CTS

UK bird flu tests expose contingency planning weaknesses

UK banks are being forced to re-evaluate contingency strategies to ensure businesses remain open in the event of a bird flu epidemic after a planning exercise organised by UK regulators found that increased staff absences could lead to branch closures and empty cash machines.

05 January 2007

News/Finexpo CTS

FPL releases FIX 5.0

FIX Protocol Ltd says production-ready final release of version 5.0 of the Financial Information eXchange Protocol (FIX) specification is now available.

05 January 2007

News/Finexpo CTS

RBC Capital Markets acquires New York broker dealer Carlin

RBC Capital Markets, the corporate and investment banking arm of RBC Financial Group, has completed the acqusition of Carlin Financial Group, a New-York-based broker dealer that provides proprietary services and technology to hedge funds, professional traders and financial institutions.

05 January 2007

News/Finexpo CTS

Finextra and Microsoft partner on City developer forum

Finextra is partnering with Microsoft to devise a one-day conference programme for developers in the City.

21 December 2006

News/Finexpo CTS

OMX to halve trade reporting fees

The OMX Nordic Exchange has vowed to slash trade reporting fees in Stockholm, Copenhagen and Helsinki early next year, and to extend the system across European markets with the advent of the Markets in Financial Services Directive (MiFID) in November 2007.

20 December 2006