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

EU reaches deal on transfer of Swift data to US

European Union ministers have approved an interim deal to continue letting US anti-terror investigators access bank data sent over the Swift network.

30 November 2009

News/Futures and options

US futures markets in crosshairs of algo revolution - Tabb

The US futures markets is set to be the next battleground for high frequency traders, as rapid uptake of algorithmic strategies leads to a surge in the proportion of volume traded on an automated basis, according to Tabb Group.

17 November 2009

News/Futures and options

Nyse Euronext profits slide; sells off stake in US futures business

Nyse Euronext has reported a 28% drop in third quarter profit amid steep declines in revenue from cash equity trading in Europe and the US. The exchange operator has also sold off a significant equity stake in its futures business Nyse Liffe US to a group of five leading banks and liquidity providers.

30 October 2009

News/Futures and options

CBOE delays launch of C2 electronic platform

The Chicago Board Options Exchange (CBOE) has put back the launch of a new electronic platform amid regulatory uncertainty, according to Dow Jones Newswires.

16 September 2009

News/Futures and options

Nyse Euronext to sell options mart stake to dealer consortium

Nyse Euronext has agreed to sell a "significant" equity stake in one of the company's two US options exchanges to a consortium of market makers, including BofA Merrill Lynch, Barclays Capital, Citadel Securities, Citi, Goldman Sachs, TD Ameritrade and UBS

09 September 2009

News/Futures and options

Instinet to acquire Torc Financial

Instinet is to step up its ambitions in the US options market with an agreement to acquire substantially all the business and assets of derivatives trading technology vendor Torc Financial.

26 August 2009

News/Futures and options

Nyse Euronext looks to sell stakes in US derivatives units - report

Nyse Euronext is in talks with banks about selling equity stakes in its US derivatives platforms in a bid to spread costs and increase trading volume, according to Dow Jones Newswires.

31 July 2009

News/Futures and options

ELX Futures offers free trades during July

ELX Futures, which is set to launch tomorrow, says it will not charge for trades in July as it looks to strike an early blow in the battle to take market share from the dominant CME Group.

09 July 2009

News/Futures and options

Bats plans US options exchange

Bats Global Markets says it plans to launch a US equity options exchange in the first quarter of next year.

08 July 2009

News/Futures and options

Vienna Stock Exchange to migrate derivatives to Eurex system

The Vienna Stock Exchange has outlined plans to ditch its current OMex system for derivatives trading and migrate to the platform of Deutsche Boerse unit Eurex.

07 July 2009

News/Futures and options

As ELX prepares for launch, TT chief rebukes talk of 'bad blood' with BGC Partners

Chicago screen dealing vendor Trading Technologies has hit back at media reports that 'bad blood' between TT chief Harris Brumfield and BGC Partners CEO Howard Lutnick could mar the debut of new futures exchange ELX.

02 July 2009

News/Futures and options

CME Group chooses StreamBase CEP platform

Derivatives exchange CME Group has signed for StreamBase's complex event processing (CEP) platform to help it analyse real-time streaming data.

23 June 2009

News/Futures and options

Nyse Euronext and DTCC team on fixed income derivatives clearing house

Nyse Euronext and the Depository Trust & Clearing Corporation (DTCC) are teaming up to create a clearing house for US fixed income derivatives.

18 June 2009

News/Futures and options

Ballista gets funding

Ballista Holdings, operator of an ATS for block options and delta neutral orders, has received funding from a group of investors including the International Securities Exchange, Knight Capital Group, Morgan Stanley and Susquehanna Growth Equity.

09 June 2009

News/Futures and options

SunGard buys ICE Risk platform

Fintech giant SunGard has acquired the ICE Risk commodity trading system from market operator IntercontinentalExchange. Financial terms were not disclosed.

11 May 2009

News/Futures and options

FfastFill expects FY profit, appoints Purdey CEO

UK screen dealing vendor FfastFill says it expects to report a small profit for the year despite "turbulent conditions" that have resulted in delays to the signing of contracts. The company has also named current COO Hamish Purdey as chief executive officer.

02 April 2009

News/Futures and options

Finextra weekly news review podcast

Visa takes action against service providers after data breaches, Dutch banks bid online for new customers, and the latest research on mobile banking and the Payments Services Directive - it's all in this week's news review podcast.

19 March 2009

News/Futures and options

ELX preps for June launch

A new electronic futures exchange being set up by a group of banks and trading firms to take on the Chicago Mercantile Exchange plans to start live trading in June after a month of systems testing.

11 March 2009

News/Futures and options

Brazil's Ágora Corretora deploys Progress Apama for algo trading

Brazilian broker Ágora Corretora de Titulos e Valores Mobiliarios has rolled out Massachusetts-based Progress Software's Apama complex event processing (CEP) platform to support algorithmic equities trading.

06 February 2009

News/Futures and options

TD Ameritrade agrees $606m deal to buy thinkorswim

US online brokerage TD Ameritrade has moved to boost its options trading business by agreeing to buy thinkorswim in a cash and stock deal worth around $606 million.

08 January 2009