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

GFI buys Trayport

New York interdealer broker GFI Group has acquired London-based trading technology vendor Trayport in an all-cash deal worth £84 million.

01 February 2008

News/Post-trade & ops

European stock exchanges facing 'perfect storm'

Lee Hogkinson, CEO of virt-x says Europe's incumbent exchanges are about to enter a 'perfect storm' of new competition driven by powerful forces of deregulation and tremendous advances in the speed and intelligence of trading technology.

30 January 2008

News/Post-trade & ops

Turquoise chief Lederman to keynote at Finexpo

Eli Lederman, the newly-installed chief executive of bank-backed equities trading venue Turquoise, is among a roster of top-level keynote speakers participating in this year's Finexpo, the capital markets industry's leading technology conference and exhibition, taking place at The Brewery, Chiswell Street, London on 30 January.

11 January 2008

News/Post-trade & ops

Finextra Research signs off for Christmas and New Year break

The Finextra office will be closed after Friday 21 December, re-opening Wednesday 2 January.

21 December 2007

News/Post-trade & ops

CCorp takes on new shareholders to target OTC markets

In a bid to become a major force in the post-trade OTC derivatives markets, the Clearing Corporation has completed a major restructuring that transfers ownership to 17 stockholders, including 12 major global dealers, three leading inter-dealer brokers, derivatives exchange Eurex and Markit Group.

21 December 2007

News/Post-trade & ops

ECB consults on Target2-Securities

The European Central Bank (ECB) is launching a public consultation on its controversial initiative to establish an integrated securities settlement system in the euro zone.

18 December 2007

News/Post-trade & ops

Standard Chartered live with Sophis Risque

Standard Chartered has implemented the Risque trading and risk management platform from Paris-based Sophis to support its new equity derivatives operations in Singapore and Hong Kong.

13 December 2007

News/Post-trade & ops

LiquidityHub achieves eight millisecond latency for fixed-income price distribution

As LiquidityHub prepares to add US treasuries to its platform in January, the consortium-owned aggregator for streaming prices is seeing its messaging hub based on BEA WebLogic RealTime deliver eight millisecond latency from dealer to distributor.

12 December 2007

News/Post-trade & ops

FESE cautions over ECB securities settlement project

The Federation of European Securities Exchanges (FESE) has voiced concerns over the cost implications to its members of the European Central Bank's (ECB) plan to introduce an integrated securities settlement system in the euro zone and has called for more clarity and a clear business case for the project.

06 December 2007

News/Post-trade & ops

Icap connects EBS to Traiana Harmony for FX STP

Interdealer broker Icap has connected its electronic currency trading platform EBS to the Harmony FX post trade processing network it acquired through its buy out of Traiana.

05 December 2007

News/Post-trade & ops

Virt-x and Nyfix to launch block trading service for Swiss blue-chips

Virt-x, the London-based securities exchange and subsidiary of SWX Group, and Nyfix have signed an agreement to jointly deliver a non-displayed block trading service for Swiss blue-chip equities. The service will be owned and operated by virt-x and powered by Nyfix Euro Millennium, the neutral multi-lateral trading facility (MTF) scheduled to launch in the first quarter of 2008.

04 December 2007

News/Post-trade & ops

Singapore Commodity Exchange signs for OMX trading technology

Swedish technology group and exchange operator OMX has won a deal to supply an integrated trading and clearing system to The Singapore Commodity Exchange (Sicom).

30 November 2007

News/Post-trade & ops

Electronic futures trading to soar - Tabb

Around 90% of futures trading will be conducted through automated dealing platforms - including market making and quantitative black-box trading systems - by 2010, according to the latest estimates from Tabb Group.

28 November 2007

News/Post-trade & ops

OMX reports SGX clearing system deal

The Singapore Exchange (SGX) has contracted with Swedish technology group and exchange operator OMX for the supply and implementation of a clearing system for derivatives and securities trading.

27 November 2007

News/Post-trade & ops

Banks to increase low-latency spend - Tabb

The market for low-latency messaging middleware is set to rise from $95 million in 2007 to $168 million in 2010, a three-year compound annual growth rate (CAGR) of 107% as investment banks ramp up spending on the technology to cope with rapidly increasing message volumes, according to forecasts from Tabb Group.

21 November 2007

News/Post-trade & ops

ECB hails launch of Target2

Target2, the EU-wide real-time gross settlement (RTGS) system for large value payments, has been successfully launched, says the European Central Bank (ECB).

20 November 2007

News/Post-trade & ops

UBS launches options DMA system

Swiss investment bank UBS is launching a direct market access (DMA) platform for options trading that can be accessed from 14 third party vendor systems.

15 November 2007

News/Post-trade & ops

Wall Street firms to share Nasdaq 144A securities platform

A consortium of Wall Street banks have opted to ditch their competing electronic trading system for unregistered securities in order to cooperate on a single platform operated by Nasdaq.

12 November 2007

News/Post-trade & ops

Dubai buys SmartStream for £200m

The Dubai International Financial Centre (DIFC) - owner of the Dubai Stock Exchange - has agreed a deal to acquire British fintech vendor SmartStream Technologies for £200 million.

12 November 2007

News/Post-trade & ops

Algorithmic trading to drive e-fx volumes - Tabb

Increasing use of rules-based automated technology will result in as much as 80% of global foreign exchange trading being conducted electronically by 2010, up from 62% at the end of 2006, according to new research from analyst group Tabb.

07 November 2007