Latest Wholesale banking News: Finextra Research

Terence Chapman warns of increased losses

Shares in the Terence Chapman Group have slumped to record lows after the specialist financial consultancy warned that project delays and cancellations by investment banking clients would lead to bigger-than-expected losses for the half year to August 2002.

11 February 2002

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Investec Ernst & Co banks on MM2 for options trading

Investec Ernst & Company has implemented a stock and options trading system created by Chicago-based MM Squared (MM2) across its dealing operations.

11 February 2002

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Brief: UBS launches online energy trading

UBS Warburg Energy has gone live with its new Internet trading site for North American natural gas and power products.

11 February 2002

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Copenhagen Stock Exchange supports pan-Nordic market surveillance

The Copenhagen Stock Exchange has signed an agreement to use the obSurveX market surveillance product developed by Oslo Børs. The system was endorsed by the Stockholm Bourse last summer as part of a combined Norex alliance platform.

11 February 2002

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Cognos wins Banque Populaire contract

Informatique-Banques Populaires, the data services company of the French co-operative movement, has selected Cognos' Web-based business intelligence product for enterprise-wide customer data analysis.

11 February 2002

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Fleet flogs fileTrust electronic document business

FleetBoston Financial has sold its two-year old online safe deposit box business, fileTrust, to Massachusetts-based Internet software company Mangosoft.

11 February 2002

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OKO Bank implements Artemis project management tool

OKO Bank Group of Finland has chosen Artemis International Solutions Corporation to help manage and assess strategic business initiatives across the group.

11 February 2002

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Thomson Financial to speed company analysis and reporting

Thomson Financial has launched a new Web-based tool which enables investment banking staff to produce customised public information books (PIB) for analysis of target companies or prospective clients, within minutes.

11 February 2002

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AmEx to revamp voice trading with Syntegra

The American Stock Exchange is to upgrade its New York trading facility using voice technology from Syntegra.

11 February 2002

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KBPB reconciles with SmartStream

Kleinwort Benson Private Bank (KBPB), part of Dresdner Bank, has selected SmartStream Reconciliations for its cash and stock business in London.

11 February 2002

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Royalblue reports strong growth

Royalblue, the London-based supplier of the Fidessa suite of share dealing products, is reporting strong organic growth throughout 2001, with revenue up by 50% to £56.2 million and operating profit rising 47% to £8.1 million compared to the previous period.

11 February 2002

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Nord/LB Helsinki goes live with Midas

Norddeutsche Landesbank Girozentrale (Nord/LB) has gone live with Misys International Banking Systems’ Midas core banking system at its new international branch office in Helsinki.

11 February 2002

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