Latest Wholesale banking News: Finextra Research

NYSE goes live with OpenBook market data

The New York Stock Exchange is set to go live with OpenBook, a new service which provides off-floor market participants with a view of the disclosed buy and sell interest in all of NYSE-traded securities beyond the best bid and offer.

24 January 2002

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RBC selects x.eye wealth management platform

RBC Investments has signed a multi-year licensing agreement with x.eye for its global wealth management platform - x.eye.wealth.manager.

24 January 2002

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Securities slowdown dents Misys

Misys is reporting a £10 million dip in operating profits for the half-year to November 2001, mainly as a result of slower trading within the banking and securities division.

24 January 2002

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HP takes stake in Capco

Hewlett-Packard has made a £30 million equity investment in financial markets consulting firm Capco, kicking off a joint development and marketing partnership between the two firms.

24 January 2002

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City Networks names Christodoulou to head new business

UK-based financial software house City Networks Ltd (CNL) has appointed Costa Christodoulou to the main board as group business development director, effective immediately.

24 January 2002

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Rapid Discount House licenses Spectrum for money market trading

Rapid Discount House (RDH) has installed Financial Software Systems’ Spectrum treasury system in its Harare, Zimbabwe office, to manage its full range of trading activities.

24 January 2002

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Computer Associates wins Indian bank IT project

India's HDFC Bank is streamlining its IT administration and customer service operations using Computer Associates International's Unicenter product suite.

24 January 2002

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Bank of Bermuda rolls out Advent portfolio accounting systems

The Bank of Bermuda is to implement Advent Software's Geneva real-time, global portfolio accounting system, and the vendor's partnership accounting solution, across its global fund services (GFS) operations.

24 January 2002

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Fimatex passes UK customer accounts to E*Trade

In a coup for E*Trade Group, Societe Generale is recommending existing customers of its UK online brokerage operation, due to be axed as part of a strategic cost-cutting initiative, switch their accounts to E*Trade UK.

23 January 2002

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Multex wins Hypovereinsbank research distribution contract

Hypovereinsbank has signed a multi-year agreement with Multex for the distribution of its fixed income and foreign exchange research to institutional and corporate clients, via the Internet.

23 January 2002

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Eurobase moves into treasury with Tantus acquisition

UK-based Eurobase International, a supplier of insurance underwriting software and IT services, has acquired European treasury risk management solutions vendor Tantus, in a bid to widen its customer and product base. Financial terms were not disclosed.

23 January 2002

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Brief: S&P and CMS WebView forge market data alliance

Standard & Poor's has entered a partnership with CMS WebView to provide financial professionals with real-time derivatives pricing data as part of its Comstock digital market data feed, Xpressfeed.

23 January 2002

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