2203 Results from /wholesale, 2002
/wholesale
Northern Trust is to write off a $4.8 million investment in the Global Straight Through Processing Association, the industry-backed cross-border settlement entity which suspended operations last week.
26 November 2002
Reuters and CapCo are to shut down Synetix, the £32 million reference data management joint venture they established just over a year ago.
25 November 2002
Bank of America has signed a five year strategic agreement with electronic data solutions vendor Sigaba to provide its staff with a secure messaging system.
Moneyline Telerate and PaceMetrics have allied to deliver a new product for reference data management and exceptions processing.
US investment firm Edward Jones has signed a multi-year contract to continue outsourcing its securities transaction processing to ADP Brokerage Services.
US-based Regions Bank has implemented Findur, OpenLink's interest rate derivative products platform, at its trading centres in Birmingham, Atlanta and Memphis.
Westpac Banking Corporation has selected IQ Financial Systems' Loan IQ package as the platform for its global commercial lending and syndication business.
A Bond Market Association survey has found 81 electronic trading systems currently operating in the US and Europe versus 79 last year, indicating some stability in the electronic trading arena.
Luxembourg-based Banque et Caisse d'Epargne de l'Etat (BCEE) has gone live with Vermeg's Megacor to automate its corporate actions processing.
Shares in Rolfe & Nolan continue to trade 23% higher at 75 pence after the UK-based supplier of technology to the derivatives industry confirmed that it had received a bid approach late last week.
Société Générale Investment Banking is to use technology from Asset Control to manage instrument reference and market data.
Sun Microsystems has launched Simply Deferred, a financing scheme for UK customers to purchase its mid-range servers now but pay later.
22 November 2002
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