Latest NEX Group News: Finextra Research

LCH.Clearnet to develop eurozone clearing house for credit default swaps

LCH.Clearnet has announced plans to launch a clearing service for credit default swaps in the Eurozone by December 2009.

13 February 2009

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HSBC and JPMorgan join SwapClear; DTCC hits back at LCH.Clearnet critics

HSBC and JPMorgan have become shareholders of OTCDerivNet, the company which provides strategic direction to LCH.Clearnet's SwapClear service.

03 February 2009

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Icap-led consortium preps counter-bid for LCH.Clearnet

UK interdealer broker Icap is part of a consortium of firms mulling a bid for LCH.Clearnet, in a move that could destabilise an agreed takeover of the London clearing house by the US-based Depository Trust and Clearing Corporation.

02 February 2009

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Icap hires Daemon Bear to head dark pool MTF for stock trading

Interdealer broker Icap is planning to launch an alternative stock trading platform in the second half of 2009, according to Bloomberg.

05 December 2008

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Wall Street Systems launches post-trade processing utility

Wall Street Systems has launched a "pay as you go" post-trade processing utility for FX cash, FX derivatives, money markets, vanilla interest rate derivatives, and listed futures and options.

15 October 2008

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Instinet's Balarkas and Icap's Lyall to keynote at Finexpo

European securities industry leaders will gather at The Brewery in London this week for a 'state of the nation' debate about the future of trading in European markets.

13 October 2008

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CME and Citadel invite industry to take stakes in CDS counterparty JV

The Chicago Mercantile Exchange is teaming up with Citadel to launch a credit default swaps trading platform and central counterparty facility. News of the move comes as the Federal Reserve meets with industry leaders to push for new risk mitigation techniques in the over-the-counter markets.

07 October 2008

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Icap provides online access to EBS

Interdealer broker Icap has introduced a service offering Internet access to its electronic currency trading platform EBS.

06 August 2008

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Logicscope names John Barber CEO

UK post-trade software vendor Logicscope has appointed industry veteran John Barber as its new chief executive officer (CEO).

13 June 2008

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Accenture wins Icap outsourcing deal

London-based interdealer broker Icap has awarded a five year contract to develop and maintain its European Union credit trading platform to technology consultancy Accenture.

11 June 2008

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Icap profit jumps 31%; eyes acquisitions

After reporting a healthy 31% rise in full year pre-tax profit, London-based interdealer broker Icap says it is on the look out for more acquisitions, despite indications that the market volatility that boosted its trading volumes is returning to normal levels.

20 May 2008

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Six bidding for European covered bond platform

Six companies - Icap, TradeWeb, Eurex, MTS, BGC Partners and Bloomberg - are bidding to provide a new electronic trading platform for European covered bonds.

16 May 2008

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