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News/Findex
US online payment and security outfit CyberSource has committed to spend around £2.8 million in research and development at its centre in Belfast.
17 February 2010
Nasdaq OMX has upped its stake in Agora-X, an ECN for trading over-the-counter (OTC) commodity contracts, from 20% to 85% through a $6.6 million investment.
German exchange operator Deutsche Börse has outlined plans to save EUR50 million through an unspecified number of job cuts and outsourcing initiatives after reporting a EUR33 million net loss for the fourth quarter.
Financial data outfit Markit has acquired the technology assets of Storm Networks, a syndicated loan market specialist. Financial terms of the deal were not disclosed.
16 February 2010
US banking giant Citi has cut $1.42 billion from its operations and technology budget at the mid-way stage of a three-year campaign to eliminate $3 billion in tech spending.
15 February 2010
Trading technology vendor Fidessa has posted better-than-expected full year results, but forecasts slower growth for 2010 as global securities markets continue to feel the pressure of consolidation and business closures.
Brazil's BM&F Bovespa is increasing its stake in Chicago's CME Group to five per cent, at a cost of $620 million as part of an agreement between the two exchanges that will also see them jointly develop a multi-asset class electronic trading platform.
12 February 2010
Lloyds Banking Group has agreed the sale of its 70% stake in esure to the online insurer's founder and chairman Peter Wood for around £185 million in cash.
11 February 2010
Britain's Barclays bank is buying the Italian credit card business of Citi. Financial terms of the deal were not disclosed.
CME Group has struck a deal to take control of the Dow Jones stock index business through a joint venture with current owner News Corp that values the business at $675 million.
Thomson Reuters has boosted its direct market access capabilities through the acquisition of Aegisoft, a US-based provider of electronic trading and testing tools. Terms of the transaction were not disclosed.
09 February 2010
The London Stock Exchange (LSE) has appointed Antoine Shagoury chief information officer (CIO) in a move that will see David Lester concentrate on the integration of recently acquired Turquoise with the Baikal dark pool.
Shares in Icap slumped Friday morning as the company cut its forecasts and warned that new businesses are struggling to attain profitability. The UK interdealer broker also announced an agreement to acquire the outstanding shares in Swedish post-trade fintech venture TriOptima for an initial EUR109 million in cash.
05 February 2010
Sybase has confirmed the acquisition of complex event processing vendor Aleri, as first previewed by Finextra earlier this week. Terms of the transaction have not been disclosed.
04 February 2010
Nearly a quarter of a century after the name disappeared, Burroughs has been resurrected by a private equity firm that has acquired Unisys' cheque and cash automation equipment business.
French smart card supplier Gemalto has acquired Finnish mobile authentication outfit Valimo Wireless. Financial terms of the deal were not disclosed.
03 February 2010
Banking automation vendor Diebold is to cut 350 jobs from its North American operations as it reports continuing weaknesses in the market for bank branch construction and a sharp dip in full-year revenues and income.
Capital markets tech house First Derivatives has struck a deal to buy Cognotec, the Irish FX dealing systems provider that went into receivership last week. Financial terms have not been revealed.
Irish software firm Cognotec, a supplier of FX dealing systems to the global banking market, has gone into receivership after its business took a nosedive during the economic downturn.
29 January 2010
Online broker E*Trade Securities has struck a deal to transfer around 24,000 UK accounts to Canadian rival TD Waterhouse.
28 January 2010
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