Latest Wholesale banking News: Finextra Research

Citigroup launches white label e-FX platform

Citigroup has launched a white label Internet-based foreign exchange dealing platform for small to medium-sized banks, CitiFX White Label. The service will be hosted and managed by Integral Devlopment Corporation.

04 November 2002

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Bank system start-up Trapedza secures €2.1m funding

Trapedza Financial Systems, a banking systems start-up established by former Kindle staffers, has secured €2.1m in first round funding led by Bank of Scotland (Ireland), with Enterprise Ireland and the Dublin Seed Capital Fund also participating.

04 November 2002

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Finextra launches Finexpo 2003 - City Technology Strategies

Leading financial technology newswire Finextra is branching out into the physical world with the launch of City Technology Strategies - a free, one-day conference and exhibition for the investment banking and capital markets community, taking place on 29 January 2003 in London.

04 November 2002

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Brief: Lehman to process US equity options with Rolfe & Nolan's Risc

Lehman Brothers has implemented the combined equity module for Rolfe & Nolan's back office processing system, Risc, for the processing of US equity options.

04 November 2002

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Brief: Razor Investment Management selects Beauchamp's Fundmanager

Razor Investment Management is to deploy Beauchamp Financial Technology's portfolio management system Fundmanager.

04 November 2002

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HVB offshoot implements SmartStream for treasury processing

Financial Markets Service Bank, a subsidiary of the Germany-based HVB Group, has implemented SmartStream Technology's Transaction Lifecycle Management (TLM) software and has gone live with TLM for treasury confirmations.

04 November 2002

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Microsoft launches STP accelerator

Microsoft has formally launched BizTalk Accelerator, a middleware solution designed to help financial institutions integrate financial messaging with internal business systems, support Swift ISO 15022 and new XML-based industry standards, and rapidly manage and repair messaging and trade errors.

04 November 2002

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IPC outfits Deutsche Postbank trading floor with VoIP

Deutsche Postbank has installed 55 IQmx voice over Internet Protocol (VoIP) desktops and an Alliance MX switch from IPC Information Systems, at its new trading floor in Frankfurt.

04 November 2002

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IFDS selects SolutionForge's Fix.Net for EMX connectivity

International Financial Data Services (IFDS), a joint venture between State Street and DST Systems, has implemented SolutionForge's Fix.Net Server 2002 FIX engine to provide connectivity to the UK fund market's electronic message exchange (EMX).

04 November 2002

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Bisys strengthens management team

Bisys, a provider of insurance distribution solutions for financial services, has appointed Mike Kryza as executive vice president, client management, and Michael Martini as executive vice president, business development.

01 November 2002

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Axioma and Morgan Stanley team up for portfolio management system

Axioma has signed a strategic agreement with Morgan Stanley to provide solutions for portfolio management in the financial services industry. Morgan Stanley is also making an equity investment in the financial technology company.

01 November 2002

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Brief: GL Trade to provide EuroTop100 news service

French trading software vendor GL Trade is to distribute CompanynewsGroup's EuroTop100 financial information service over its GL Win workstation and GL Winsight application.

31 October 2002

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