Latest Wholesale banking News: Finextra Research

TheMarkets.com signs up two more banks

Bank of America Securities and Dresdner Kleinwort Wasserstein are to incorporate their equities related Web site content into capital markets portal, TheMarkets.com.

23 January 2002

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Saville quits Crest for Computershare

Iain Saville is quitting his post as chief executive of UK securities depository CrestCo to take up a new role as a main board director at share registry Computershare. Hugh Simpson, CrestCo business development director has been appointed acting CEO.

23 January 2002

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Omgeo names CTM early adopters

Trade matching joint venture Omgeo is reporting that 17 firms have signed on as 'early adopters' of its Central Trade Manager (Omgeo CTM) global STP platform, including six investment managers, three broker-dealers, five custodian banks, two STP vendor partners.

23 January 2002

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GL Trade connects SGX to overseas derivatives markets

Singapore Exchange Limited (SGX) is to provide access to overseas derivatives markets directly from the exchange's derivatives trading floor and electronic trading room via GL NET, a dedicated network operated by GL Trade.

23 January 2002

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Wholesale banks and brokerages curb IT spending

Wholesale financial institution spending on strategic IT initiatives in 2002 will be essentially flat at $26.2 billion, according to a new report from Meridien Research.

23 January 2002

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Algorithmics promotes Michael Zerbs to COO

Toronto-based risk management technology vendor, Algorithmics, has promoted Michael Zerbs, vice president of research and product marketing, to chief operating officer.

23 January 2002

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Reuters recruits Tony Kirby to head STP offensive

Reuters has appointed industry veteran and former GSTPA executive Tony Kirby as group marketing director responsible for the company's global straight-through processing (STP) strategy, further demonstrating CEO Tom Glocer's commitment to the STP marketplace.

23 January 2002

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London Clearing House records strong growth during 2001

London Clearing House (LCH) is reporting a 40% rise in exchange-traded and over-the-counter (OTC) transaction volume in 2001, from 224 million to 315 million contracts, with a total value of £105.08 trillion.

23 January 2002

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Iona names Gary Maier head of financial services

Systems integration vendor Iona has appointed Gary Maier as managing director and head of financical services.

22 January 2002

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COR launches J2EE-conformant corporate banking platform

COR Financial Solutions's e-banking division has launched IBS Corporate, a java-based platform for multi-channel corporate banking.

22 January 2002

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Europeans flock to electronic repo trading

The latest set of European repo market figures published by the International Securities Market Association (Isma) reveal a downward movement in direct and brokered business in favour of an increase in dealing via automated trading systems (ATS).

22 January 2002

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HSBC monitors IT ops with Niku

HSBC has chosen technology from Niku Corporation to help improve management and monitoring within its global IT operation.

22 January 2002

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