Latest Wholesale banking News: Finextra Research

Rabobank to upgrade corporate treasury risk services

Rabobank is to offer online updates of the market value of outstanding corporate treasury transactions as part of an improved risk management advisory package for the corporate market.

17 December 2002

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Misys to cut banking and securities staff as revenues slide

Misys is reviewing staffing levels within banking and securities as the firm reports reduced first half revenues at its largest division and foresees flat trading conditions ahead.

17 December 2002

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China's financial IT spending to reach US$10.5bn by 2006

IT spending by Chinese banks is growing at 23.9 per cent year-on-year and will reach US$10.5 billion by 2006 according to a report by Celent Communications.

17 December 2002

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Nasd adds FIX to ADF

The National Association of Securities Dealers (Nasd) has added a Financial Information Exchange (FIX) translation service to its Alternative Display Facility (ADF).

17 December 2002

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Moneyline Telerate builds Momentum with Smart Trade transaction engine

Moneyline Telerate is to use Smart Trade Technologies' transaction engine to power its browser-based trading community network Momentum.

17 December 2002

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Computershare to acquire EFA Software

Computershare is to acquire the capital markets trading and clearing software assets of EFA Software and EFA Cyprus from Canadian technology firm Basis100 for C$6.25 million in cash.

17 December 2002

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Credit Lyonnais implements SunGard STN Settlements

Credit Lyonnais Securities USA has implemented SunGard Securities Processing's STN Settlements application to manage real-time trade messaging for both domestic and foreign securities.

17 December 2002

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Brief: Singapore Exchange selects Patsystems for derivatives traders

The Singapore Exchange (SGX) is to offer Patsystems' trading software to derivatives dealers at its global electronic trading centre (GETC).

17 December 2002

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European Central Bank takes aim at Target2

The European Central Bank has issued a document outlining its vision for the future of high value payment transfers in the European Union.

16 December 2002

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OnExchange considers options as Rolfe & Nolan rejects bid approach

UK back office technology vendor Rolfe & Nolan has rejected an indicative £12.5 million cash offer for the company from US-based onExchange.

16 December 2002

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Commerzbank Securities switches on Heliograph corporate actions package

Commerzbank Securities has begun live use of eVent, the corporate actions automation solution from UK vendor Heliograph, following six weeks of user acceptance testing.

16 December 2002

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Italian banks get ready for Identrus roll-out

Actalis, a provider of ICT security and PKI (public key infrastructure) services for the Italian banking sector, has chosen Baltimore's PKI to provide the platform for securing interbank B2B transactions in compliance with Identrus requirements.

16 December 2002

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