Latest Sun Microsystems Inc News: Finextra Research

IBM exec among six charged over tech insider trading scheme

A top IBM executive is among six people charged by US authorities over an alleged $20 million hedge fund insider trading scam involving some of the world's biggest technology companies.

19 October 2009

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Tech vendors form MiFID alliance

A consortium of technology vendors, led by Sun Microsystems and Avitis, are forming a pan-European alliance that aims to help financial services firms comply with the European Union's Markets in Financial Instruments Directive (MiFID) which comes into force in November.

12 April 2007

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Asset Control to open New York development centre

Dutch data management technology vendor Asset Control is establishing a new technology developement centre in Times Square, New York.

23 June 2005

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DE Shaw signs with Sun for massive grid project

New York investment firm DE Shaw has purchased 1700 Sun Fire servers running the Solaris 10 operating system for a massive computational grid project.

23 June 2005

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Claimonitor STP utility set for live launch

Claimonitor, a new ASP-based straight-through processing utility for automating transactions and market-related claims in the global custodian, investment banking, asset management and broker communities, is preparing for a live launch next month.

08 June 2005

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BNP Paribas implements Sun servers to power risk Grid

BNP Paribas is rolling out over 100 Sun Fire V20z servers to improve the performance of the Grid computing infrastructure that supports its risk management operations.

30 September 2004

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Strain on IT shows as banks adopt business-focussed approach to compliance

Financial services companies are optimistic about their ability to keep up with new regulations as they take a 'big picture' business-focussed approach to the compliance challenge, according to new research conducted by Finextra on behalf of Computacenter and Sun Microsystems.

24 September 2004

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Sun bids to reverse Wall Street decline

Sun Microsystems has unveiled a raft of initiatives for financial services companies as it bids to reverse its declining influence on Wall Street and address the threat posed by lower-cost servers and the burgeoning open source movement.

21 September 2004

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Financial firms to increase investment in compliance

Financial institutions view compliance with regulations such as Basel II and Sarbanes-Oxley as the single most important driver of business strategy in 2004, according to a survey by Sun Microsystems.

12 December 2003

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Morgan Stanley advances Linux migration

Morgan Stanley is running two years ahead of schedule in its ambitious Unix-to-Linux migration programme says Jeffrey Birnbaum, managing director and head of enterprise computing at the Wall Street bank's institutional securities division.

23 January 2003

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Sun and Algorithmics strengthen risk alliance

Sun Microsystems and Toronto-based Algorithmics have announced plans to strengthen their relationship in a bid to assist financial firms in complying with the forthcoming Basel II regulations on risk management.

21 November 2002

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IBM and HP pitch Linux to SIA conference-goers

IBM is to invest $1 million in a Manhattan data centre geared to wooing financial services companies to the Linux operating system.

21 June 2002

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