Financial Brokerages & Trading

Facebook shares drop below issue price

Shares in the social networking company, which raised $16bn in its initial public offering, lose 11% to fall below $38 issue price Read More | View Original Article

Regulator spurred in push for swaps rules

American banks have been dealt a blow after the main US swaps regulator says new rules will probably apply to their overseas branches and affiliates Read More | View Original Article

JPMorgan loss set to alter regulatory focus

The trading loss at JPMorgan Chase is likely to refocus regulators’ attention on the pitfalls of banks using derivatives to hedge a portfolio of assets Read More | View Original Article

ConvergEx expands Atlanta presence

ConvergEx Group, a leading technology company, today announced that it has expanded its presence in Atlanta, Georgia. Read More | View Original Article

Pershing automates collateral control

Pershing, a BNY Mellon company, today announced the recent launch of two new applications as part of the organization's extensive Enterprise ... Read More | View Original Article

Interactive Data secures fair value pricing patent

Interactive Data Corporation, a leading provider of independent evaluated pricing and valuation services, today announced that it has been granted a ... Read More | View Original Article

Numerix adds burst-to-Windows Azure capability

Numerix, a leading provider of cross-asset analytics for derivatives valuations and risk management, has enabled Numerix Portfolio on Windows Azure, ... Read More | View Original Article

Numerix Portfolio enabled on Windows Azure and Windows HPC Server

May 21st, 2012 - Numerix Portfolio employs cloud to address compute power and big data demands of real-time risk analytics Read More | View Original Article

US tax payers pay for SEC phone-recording intransigence - community blog from Curtis Nash

Nasdaq OMX Stockholm has slapped a Skr400,000 fine on Morgan Stanley after a Direct Market Access (DMA) client of the US bank mis-keyed an algo trade ... Read More | View Original Article

Cinnober acquires Nomura's Swedish technology development centre

May 21st, 2012 - Cinnober to acquire Nomuras Swedish technology development organization in Umeå Read More | View Original Article

Nomura sells Swedish tech unit to Cinnober

Nomura has sold its Swedish technology outpost to local trading IT supplier Cinnober. Read More | View Original Article

DTCC signals expansion into Asia

US securities post-trade group picks Singapore as the site for its first data centre in the region as it steps up global expansion Read More | View Original Article

Icap names Andy Coyne CEO, Traiana

Icap announced today that it has appointed Andy Coyne as Chief Executive Officer, Traiana. Read More | View Original Article

DTCC global trade repository plans Singapore data centre

The Depository Trust & Clearing Corporation's (DTCC) Global Trade Repository announced today its intention to expand its operations into Singapore by ... Read More | View Original Article

Renaissance Capital joins SunGard Global Network

Renaissance Capital, an emerging markets investment bank, has joined the SunGard Global Network (SGN) trading community. Read More | View Original Article

‘Raindrops’ raise questions after Facebook IPO

There will be many issues about why the market’s technology infrastructure was so vulnerable to a momentary lapse Read More | View Original Article

Nasdaq ‘embarrassed’ over Facebook IPO

Chief executive says the exchange is in talks with regulators over potentially millions of dollars work of customer compensation disputes Read More | View Original Article

Investors seek tighter UK listing rules

ABI says erosion of listing standards has affected the quality of the leading UK stock market indices Read More | View Original Article

HK crackdown on trading misconduct

US fund manager’s hearing shows the Securities and Futures Commission is looking to wield a very big stick over bad behaviour within its realm Read More | View Original Article

Network confusion links Facebook and Nasdaq

The reputation of both the social network and the stock exchange could be damaged by the glitch which held up opening trades in Facebook’s stock Read More | View Original Article

JPMorgan returns $168m to MF trustee

The money is not part of the more than $1bn in missing customer cash that has been missing since the broker-dealer filed for bankruptcy in October Read More | View Original Article

ICAP secures Plus exchange licence

The world’s largest interdealer broker will pay a nominal £1 and take on liabilities and running costs for lossmaking quotations and listings arm Read More | View Original Article

Facebook float tests Nasdaq resilience as stock opening delayed

Trading in Facebook shares on the Nasdaq was delayed for 30-minutes after the opening bell, as the Exchange's systems struggled to keep pace with ... Read More | View Original Article

LSE boosted by acquisition of FTSE index

Exchange’s Italian clearing business benefits from funding needs of banks as diversification strategy from trading equities pays off Read More | View Original Article

LSE sounds confident note on full year results

London Stock Exchange Group PLC announces preliminary results for the year ended 31 March 2012. Read More | View Original Article

Facebook trading likely to be volatile

Some experts predict that the strong initial pricing of the social networking group’s shares will limit their first day “pop” Read More | View Original Article

JPMorgan unit has $100bn of risky bonds

Chief investment office that lost $2bn builds up huge positions in complex products at the heart of 2008 crash – but bank plans to lower its exposure Read More | View Original Article

LME’s suitors’ bids pass £1bn mark

The IntercontinentalExchange, Hong Kong Exchanges & Clearing and CME Group have all promised to preserve the historic bourse’s open outcry trading pit Read More | View Original Article

Facebook prices shares at $38 each

Facebook will vault into the ranks of top 25 most valuable public companies in the US after pricing its offering at the top of the range Read More | View Original Article

Pimco experiment beats flagship fund

Total Return ETF is up 4.8% since it launched March 1, with reinvested dividends, while the Total Return Mutual Fund has returned just 1.9% Read More | View Original Article