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

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/MiFID

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/MiFID

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/MiFID

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/MiFID

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/MiFID

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/MiFID

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/MiFID

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/MiFID

Telekurs invests in MiFID-compliant data platform

Market data technology vendor Telekurs Financial is developing a new platform for the collection and dissemination of reference data to help firms comply with the trade transparency requirements of the EU's Markets in Financial Instruments Directive (MiFID).

07 November 2006

News/MiFID

Fuller to head new MiFID-ready exchange system Equiduct

Bob Fuller, previously director of IT strategy at Dresdner Kleinwort Wasserstein and co-head of the MiFID Joint Working Group, is to spearhead a new MiFID-ready Pan-European trading platform using technology that was mothballed with the closure of the Easdaq growth market.

01 November 2006

News/MiFID

FSA reforms conduct of business rules

The UK's Financial Services Authority (FSA) has issued recommendations for reforming its rules on conduct of business (CoB) in anticipation of the introduction of the EU's Markets in Financial Instruments Directive (MiFID) next year.

31 October 2006

News/MiFID

Euronext to develop system for banks to trade in-house - report

In the wake of the EU's Markets in Financial Instruments Directive (MiFID), pan-European exchange Euronext is looking to introduce a new system that will enable banks and brokers to trade stocks outside of its central dealing platform.

24 October 2006

News/MiFID

Instinet vows to undercut European exchanges with new Chi-X platform

Interagency broker Instinet is to launch a new automated trading system for European equities dubbed Chi-X.

02 October 2006

News/MiFID

European firms on track with MiFID preparations, survey shows

Around 84% of European firms are on track with plans to prepare for the implementation of the EU's Markets in Financial Instruments Directive (MiFID), according to a survey by SunGard, while just 16% say they are behind schedule.

22 September 2006

News/MiFID

Investment banks to establish pan-European trade reporting system

A group of nine leading investment banks have signed a letter of intent to pool their trade transparency data and create a pan-European platform for the collection and sale of trading data that will bypass those operated by exchanges.

19 September 2006

News/MiFID

Euro banks hit by MiFID concerns

US broker JPMorgan Securities is warning that EUR19 billion of market capitalisation could be lost among eight top European wholesale banks as a result of the EU's Markets in Financial Instruments Directive (MiFID).

12 September 2006

News/MiFID

Plus Markets applies to become full-service stock exchange

Plus Markets, the quote-driven alternative to the London Stock Exchange's SETSmm order taking system, is applying to the Financial Services Authority for recognised investment exchange (RIE) status.

06 September 2006

News/MiFID

Industry lobby urges FSA to drop MiFID best execution proposals

The Futures and Options Association (FOA) is calling for the UK's Financial Services Authority (FSA) to drop controversial proposals for the use of price benchmarks to demonstrate best execution in dealer markets.

05 September 2006

News/MiFID

European exchange price war looms as Virt-x cuts tariffs

SWX Group, the Swiss Stock Exchange, is cutting tariffs for trading international equities on screen-based exchange Virt-x, in a move that could presage a wave of price competition among European exchanges ahead of the introduction of the EU's Markets in Financial Instruments Directive (MiFID).

04 September 2006

News/MiFID

Markit buys MarketXS

Market data vendor Markit Group has acquired MarketXS Holding, a Dutch provider of data distribution and trading technology. Financial terms of the deal were not disclosed.

04 September 2006