Latest Wholesale banking News: Finextra Research

DrKW introduces fantasy stock trading programme

Dresdner Kleinwort Wasserstein has launched an online fantasy stock trading game, DrKW Webtrader, aimed at undergraduates and university students considering a career in investment banking.

21 January 2002

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Wealth Management Software offloads estate agency division

UK-based Wealth Management Software has disposed of its estate agency business for a cash sum of £240,000 to a management buyout team.

21 January 2002

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WealthTouch consolidates e-statements with Electra

Denver-based wealth management consultancy WealthTouch has selected an institutional financial data aggregation system from New York-based Electra Information Systems to deliver current bank transaction information to its customers.

21 January 2002

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SecFinex names Instinet exec John Oddie as CEO

SecFinex, the online marketplace for securities finance, has appointed Instinet CEO John Oddie as chief executive officer and board member.

21 January 2002

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Nasdaq wins SEC approval for online trading data reports

The Securities and Exchange Commission (SEC) has approved a rule filing for Nasdaq's new online data reporting package for broker/dealers and institutional investors.

21 January 2002

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Patsystems to renegotiate customer contracts

Patsystems, the struggling UK futures trading technology vendor, is seeking to renegotiate unprofitable contracts with customers. The company's board is also under pressure from a major investor to replace newly-installed CEO David Jones, following a disappointing third quarter which saw both losses and costs widening.

21 January 2002

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Korea Futures Exchange poaches Kosdaq head Jungho Kang

Dr Jungho Kang has resigned as president & CEO of the Kosdaq Stock Market with immediate effect, to take up appointment as chairman and CEO of the Korea Futures Exchange.

21 January 2002

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Brief: Buy-side firms to spend $1.7 billion on OMS

Order management systems (OMS) offer buy-side firms an easy route to straight-through processing, says a new report from Meridien Research.

21 January 2002

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Hydra supports Standard Chartered Indian IT programme

Standard Chartered Bank (SCB) is using The Program Management Group's Hydra system to support a major change programme, entailing the migration and development of its global IT processing hub to India.

21 January 2002

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Spectra raises wealth forecasts

Canadian wealth management vendor Spectra Securities Software is revising upwards financial forecasts for the year ahead following a strong first quarter performance in fiscal 2002.

18 January 2002

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Thomson Financial builds on wealth management platform

Thomson Financial has launched a new component to its advisory wealth management platform, incorporating Monte Carlo probability analysis and life events planning capabilities.

18 January 2002

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Brief: alterna names JR Clemons VP global sales

Calgary-based alterna Technologies Group has appointed JR Clemons as vice president, global sales.

18 January 2002

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