Latest Wholesale banking News: Finextra Research

Lipper acquires Capital Access International

Reuters subsidairy Lipper has acquired the operations of Capital Access International, a provider of institutional fixed-income data, in a cash deal worth a maximum $6.35 million.

03 December 2002

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Brief: Eze Castle Software connects to NeoNet

US Investment management solutions provider Eze Castle Software is to offer its clients trading access to European equities exchanges via NeoNet's global execution network.

03 December 2002

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Penson licenses MBA Systems' X-Trader application

Penson Worldwide Settlements (PWSL) has signed a licensing agreement for MBA Systems' order management application X-Trader.

02 December 2002

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Brief: Bankinter outsources IT systems to IBM

Madrid-based Bankinter has signed a 10 year outsourcing contract with IBM to manage its IT network.

02 December 2002

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Interbizz and Telerate Italia target Italian banking market

London-based Interbizz is to partner information vendor Telerate Italia to provide front and middle office trading solutions to the Italian banking industry.

02 December 2002

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Swift announces network partners

The Society for Worldwide Interbank Financial Telecommunication (Swift) has announced that Colt, Equant and Infonet have been selected for the provision of its secure IP-VPN (virtual private network) services. Negotiations with a fourth provider are ongoing.

02 December 2002

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Mirabaud & Cie reconciles with SmartStream

Swiss private bank Mirabaud & Cie has implemented SmartStream's Corona system to manage the reconciliation and exceptions processing of cash, securities and FX trades at its Geneva headquarters.

02 December 2002

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Reuters to acquire AVT Technologies

Reuters has signed a definitive agreement to acquire UK trading systems vendor AVT Technologies.

02 December 2002

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Credit Agricole chooses Marimba for software distribution

French bank Credit Agricole is to implement Marimba's desktop/mobile management system to streamline the distribution and delivery of software across its enterprise.

29 November 2002

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Synergy Asset Management selects Bita systems for portfolio management

Canada-based Synergy Asset Management (Synergy) has licensed Cor Risk Solutions' portfolio analytic software Bita Research and Bita Risk Modeller.

29 November 2002

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E-mail terror alert system suspended - WSJ

The Wall Street Journal reports that a US government e-mail system designed to alert banks to terror finance suspects has been suspended after overwhelming users with out-of-date and incomplete information day and night.

29 November 2002

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RBC Global licenses SecFinex securities lending system

RBC Global Services Institutional and Investor Services has acquired a global license for SecFinex's Web-based securities lending trading platform.

29 November 2002

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