SecFinex, the six-year-old, London-based electronic trading platform for securities lending, has sold 51 per cent of its equity to Euronext. The platform has sought an investor for some time, and came close to selling itself to inter-dealer broker ICAP earlier this year, but major shareholders Societe Generale and Fortis eventually demanded too high a price.
iX-Direct, a data solution designed to reduce latency, was unveiled yesterday by market data telecommunications provider Fixnetix. Delivered over a global fibre network, iX-Direct features Ethernet connectivity and does not require data feed handlers or servers to be installed on-site. "With the continuing rise of al
Eurex, the international derivatives exchange, will launch the world's first exchange-traded credit derivatives contract on 27 March 2007, a future based on the iTraxx
Six out of seven buy-side traders from the world's major market centres agree that they add more value now than they did three years ago, according to a global study called 'Buy-side Voice: The Road Ahead', undertaken by Liquidnet and Greenwich Associates. One hundred buy-side traders from the US, Canada, Europe and Asia responded.
Six out of seven buy-side traders from the world's major market centres agree that they add more value now than they did three years ago, according to a global study called 'Buy-side Voice: The Road Ahead', undertaken by Liquidnet and Greenwich Associates. One hundred buy-side traders from the US, Canada, Europe and Asia responded.
Avox, a network of financial services providers for the verification of counterparty data, has signed a cooperation agreement with VÖB, the Association of German Public Sector Banks (Bundesverband Öffentlicher Banken Deutschlands). The agreement aims to enable common marketing activities among member institutions of VÖB Services, a 100% subsidiary of VÖB which offers products and services in the areas of banking supervision, risk management and IT services.
Wombat Financial Software, which enables connectivity to the global markets through its market data infrastructure, and Coral8, provider of Complex Even Processing (CEP) software, have publicly announced a partnership to embed the Coral8 Engine into Wombat's messaging platform. Trading operations departments across th
Eight out of nine investment management firms attending a recent forum run by investment management consultancy Investit said they did not have a separate MiFID budget and are incorporating MiFID into existing business projects.
On Tuesday NYSE Group signed a definitive agreement to acquire TransactTools Inc., a provider of enterprise messaging solutions for the securities trading industry. This transaction, coupled with NYSE's acquisition of the American Stock Exchange's one-third ownership stake in the Securities Industry Automation Corp.
PLUS Markets Group, the rival to AIM, the London Stock Exchange small cap market, has completed a placing that raised ?25 million. The exchange says it will use the proceeds to fund a further expansion of its trading and quotation services. "PLUS Markets Group has evolved rapidly over the last two years," says Simon