A group of leading sell-side banks has set up a working group that will focus on the creation of an open industry standard protocol for client and trader enablement on electronic trading platforms.
BNY Mellon, the global leader in investment management and investment services, today announced that foreign exchange traders in its Global Markets group are now capable of flowing FX orders to the FastMatch® electronic communication network (ECN).
Markit, a leading, global financial information services company, today announced that Credit Suisse has selected Markit's Enterprise Data Management (EDM) platform (formerly Cadis Software) to manage and master the wide range of data used within its private bank's research department.
Icap has made a Series A investment in London-based reconciliation vendor Model Two Zero.
The Australian arm of Credit Suisse has been hit with a A$52,000 penalty for pumping up the share price of a company by accidentally using the wrong trading strategy within its automated order processing system to buy stock on behalf of a client.
Credit Suisse is shifting dozens of back office jobs from Singapore to India and Poland in a bid to cut costs, according to the Financial Times.
Credit Suisse today announced the launch in Asia Pacific of AES Guerrilla 2012, an agile trading strategy to assist investors in sourcing liquidity amid challenging market conditions.
US regulators have published details of banks' plans for living wills, including information on how the organisations' IT systems will cope if they are shut down or broken up.
Swift announced today that it has made seven new appointments to its Board, helping ensure the Board continues to reflect the truly global nature of the Swift community.
Eurex Clearing, Europe's leading clearinghouse, announced today that it cooperates with Barclays, BNP Paribas, Citibank, Credit Suisse, Deutsche Bank, J.P. Morgan and Morgan Stanley to support the launch of its new clearing service for OTC Interest Rate Swaps (IRS).
© Finextra Research 2013