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2203 Results from /wholesale, 2002

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IBM wins $230m Thai Farmers Bank outsourcing deal

IBM has clinched a 10 year US$230 million contract to manage Bangkok-based Thai Farmers Bank's (TFB) IT network and services.

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Fed establishes clearing contingency working group

Responding to industry criticisms, the Federal Reserve has established a private-sector working group to recommend steps to mitigate risks in the clearance and settlement of US government securities.

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EDB Business Partners to shed 185 staff

Norwegian systems house EDB Business Partners is to shed 185 staff as it forecasts no upturn in market conditions over 2003.

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Brief: PMA selects Beauchamp for portfolio management

Hong Kong hedge fund PMA is to implement London-based Beauchamp Financial Technology's portfolio management software FundManager.

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Brief: CCLA selects FMC performance and attribution system

CCLA Investment Management (CCLA), a UK manager of charitable funds, is to deploy Financial Models Company's performance measurement, attribution and risk analysis solution FMCSylvan.

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2002 was the worst year ever for IT industry - IDC

The global IT industry suffered its largest decline ever in 2002, with a growth rate of -2.3 per cent, according to research by market intelligence agency IDC.

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Refco and EasyScreen introduce front-end dealing system

US brokerage Refco has released Refco ProTrader, the front-end dealing system devloped under its joint venture with exchange trading outfit EasyScreen.

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JPMorgan Chase signs up for Mighter Gissing contribution data system

JPMorgan Chase is to implement Mighter Gissing's multiple contribution software, ConteX MCS, across its London operation.

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Madrid Stock Exchange to market order routing terminal Europe-wide

Visual Trader Systems, the technology company subsidiary of Bolsa de Madrid and Bolsa de Valencia, has signed a European distribution agreement for its front office Multimarket Terminal trading system with Italian software house TAS.

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Tiger announces data management offshoot

UK-based Tiger Projects Investment Management has launched a software development division to provide data consultancy services to asset management firms.

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Euronext Amsterdam to convert trading floor to media centre

Euronext Amsterdam is to convert its defunct futures and options trading floor into a news centre for the financial industry.

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RBS Greenwich Capital selects FNX Sierra ASP for FX accounting

Connecticut-based securities firm RBS Greenwich Capital has selected FNX's Sierra ASP system to support its foreign exchange accounting business.