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

Nasdaq OMX adds compliance expert Steve Matthews to pan-European team

Newly-merged market operator Nasdaq OMX has appointed Credit Suisse executive Steve Matthews as chief legal and compliance officer of its new pan-European market for blue chips.

30 May 2008

News/MiFID

Wombat reports Equiduct Trading deal

Nyse Euronext-owned Wombat Financial Software has signed Börse Berlin Equiduct Trading to its tick data management platform, One Tick.

14 May 2008

News/MiFID

Outsourcing and offshoring take centre stage at Finexpo

Finexpo - Outsourcing Strategies, a new one-day conference and exhibition from Finextra on 5 June in London will feature keynote presentations from Deutsche Bank, IBM and Société Générale. It will also feature panel discussions covering best practice and the latest outsourcing trends on the sell-side and buy-side - from business processes such as trade execution, risk management and analysis through to back-office processing, infrastructure and application development.

09 May 2008

News/MiFID

Smartpool selects EuroCCP and LCH.Clearnet for clearing and settlement

EuroCCP and LCH.Clearnet have both been selected to provide clearing and settlement services for SmartPool - the pan-European electronic block trading platform being established by Nyse Euronext in partnership with HSBC and BNP Paribas.

06 May 2008

News/MiFID

Liquidnet Europe signs for Markit Boat platform

Electronic broker-dealer Liquidnet Europe has signed up to use the Markit Boat MiFID-compliant trade reporting platform.

02 May 2008

News/MiFID

Bats chooses Savvis to host European platform

US-based Bats Trading, the all-electronic alternative to Nasdaq and Nyse, has selected IT vendor Savvis to host its new European equities platform which it plans to launch later this year.

14 April 2008

News/MiFID

Fixnetix wins Equiduct Trading deal

Börse Berlin Equiduct Systems has recruited London-based Fixnetix to develop the low latency market data feed for its MiFID-compliant pan-European trading platform, which is expected to launch in the middle of the year.

11 April 2008

News/MiFID

Postbank deploys Tibco technology for MiFID overhaul

Germany's Postbank has implemented technology from California-based Tibco Software to overhaul its operations and comply with EU trading regulations under the Markets in Financial Instruments Directive (MiFID).

08 April 2008

News/MiFID

Bats to launch in Europe

US-based Bats Trading, the all-electronic alternative to Nasdaq and Nyse, has confirmed it is planning to launch its platform in Europe later this year and compete with the region's domestic stock exchanges.

31 March 2008

News/MiFID

Turquoise names Peter Gibbs non-executive chairman

Turquoise, the bank-backed equities trading facility, has appointed Peter Gibbs as non-executive chairman of its board of directors.

19 March 2008

News/MiFID

Nasdaq OMX to launch pan-European market for blue chips

Newly-merged market operator Nasdaq OMX has disclosed plans to launch a pan-European trading and routing platform for the most actively traded blue chip stocks.

19 March 2008

News/MiFID

Nyfix launches European dark liquidity ATS

US trading technology vendor Nyfix has launched its Euro Millennium platform, a UK regulated multi-lateral trading facility (MTF) for non-displayed liquidity in pan-European listed cash equities.

17 March 2008

News/MiFID

LCH.Clearnet wins Equiduct Trading clearing deal

Börse Berlin has selected LCH.Clearnet to provide clearing and settlement services for its MiFID-compliant pan-European Equiduct Trading platform, which is expected to launch in the middle of the year.

04 March 2008

News/MiFID

Börse Berlin opens Equiduct Trading sales office in Paris

Börse Berlin has opened a new sales office for Equiduct Trading, its MiFID-compliant pan-European platform, in Paris.

27 February 2008

News/MiFID

Domestic exchanges squeezed as post-MiFID fragmentation hits - Reuters

Equity trading data collected by Reuters since the introduction of the Markets in Financial Instruments Directive (MiFID) in November indicates "considerable fragmentation" of the European equity market, with new entrant MarkitBoat making substantial inroads into the publication of trades once carried by domestic exchanges.

25 February 2008

News/MiFID

StatPro buys Performa Consultants UK

AIM-listed StatPro has acquired Performa Consultants UK, a provider of compliance software to asset managers, in a cash and stock deal worth around £7 million.

21 February 2008

News/MiFID

Turquoise hires former LSE compliance manager Werner

Bank-backed equities trading venue Turquoise has added Ian Werner - a former compliance and investigations manager at the London Stock Exchange (LSE) - to its senior management team.

19 February 2008

News/MiFID

Turquoise enters testing phase

Bank-backed equities trading venture Turquoise has recruited US-based AppLabs to provide testing and quality assurance for its pan-European platform and surveillance system, which is set to launch in September.

14 February 2008

News/MiFID

Fidessa full year revenue and profit up; talks up outlook

Shares in UK trading technology vendor Fidessa have moved up after the company reported rising revenue and profits for the year and a strong sales pipeline, with no signs yet of a credit crisis-inspired slowdown in spending.

11 February 2008

News/MiFID

Banks to launch European derivatives exchange

Following the establishment of the bank-backed European equities trading platform Turquoise, a group of seven global investment banks are now gearing up to a launch a pan-European financial derivatives exchange - dubbed Project Rainbow - that will compete with the region's established markets, including Liffe and Eurex.

06 February 2008