2203 Results from /wholesale, 2002
/wholesale
Banco do Brasil is to consolidate its European IT operation on three IBM iSeries servers in its London office, moving away from a back office AS/400 environment and implementing Linux to cut licensing costs.
21 November 2002
London-based financial software firm City Networks is previewing forthcoming enhancements to its CityNet Enterprise Reconciliation Module (Insight) that will ease implementation issues and extend the availability of the software to Oracle and Unix platforms.
Chicago-based LaSalle Bank is to implement the Global Plus platform from SunGard Asset Management across its trust, private banking and custody businesses.
Texas-based Penson Worldwide Settlements (PWSL) is to deploy SunGard Securities Processing's STN Settlements solution at its London operation.
Interbank foreign exchange settlement service CLS Bank is to extend its operations to cover the 10 per cent of foreign exchange deals currently conducted by global custodians on behalf of fund management clients.
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.
Thomson Financial has reported markedly improved performance of its One-price server and its portfolio management application Portia during benchmark tests of systems based on the Intel Xeon processor and its hyper-threading technology.
The Pacific Exchange (PCX) is to deploy Sector Data's real time market data application SectorEngine and equity research service SectorBass to all 25 trading pits on its San Francisco options floor.
20 November 2002
Leading financial institutions are moving towards a more holistic approach to risk management but continue to struggle with inadequate data gathering and measurement tools, according to a survey by PricewaterhouseCoopers.
Institutional brokerage Prebon Yamane is joining the SwapsWire network to offer straight-through processing of deals to interest rate derivative clients.
With the deadline for conversion to ISO 15022 message formats passed, interbank agency Swift says that 94% of securities traffic over its network is now compliant with the new standard.
The European Commission is under fire from banking groups and securities industry participants over last minute changes to a revised Investment Services Directive which critics say will stifle competition to exchange-based share trading.
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