Latest news headlines: Finextra Research

Man Group licenses Frango corporate performance management software

UK brokerage Man Group is to install Stockholm-based Frango's online corporate performance management software.

17 December 2003

RIXML consortium releases new version of investment research spec

The RIXML industry consortium has released version 2.1 of the Research Information Exchange Mark-up Language (RIXML) standard which includes classifications to address ratings for both equity and fixed income markets.

17 December 2003

/wholesale

Archipelago appoints Bob Power director, listing sales; forms corporate group

US electronic stock exchange Archipelago has appointed Nasdaq's Bob Power to the newly-created position of director of listings sales, based in New York.

16 December 2003

/retail

MasterCard and eFunds form debit processing alliance

MasterCard is to market and distribute eFunds' transaction processing platform and services as part of its debit payments processing programme.

16 December 2003

/retail

Electronic payments overtake cheques and cash in the US

For the first time, electronic payments have surpassed cash and cheques as the preferred payment method for US consumers when shopping on the high street, according to a nationwide study conducted by the American Bankers Association and Boston-based strategy consulting firm Dove Consulting.

16 December 2003

/regulation

LogicaCMG wins Central Bank of Trinidad and Tobago contract

Central Bank of Trinidad and Tobago has contracted with LogicaCMG for the supply and implementation of an interbank real time gross settlement (RTGS) platform and government securities settlement system.

16 December 2003

/wholesale

Thomson Financial joins Reuters-owned Radianz network

Thomson Financial is to use Radianz's market communications infrastructure, RadianzNet, to deliver its premium service, Thomson One, to clients in Europe and Asia.

16 December 2003

/wholesale

EasyScreen launches EasyXchange service in US with Savvis

London-based EasyScreen is to use Savvis Communications' Financial Xchange network to launch and distribute its direct access futures and options trading platform, EasyXchange, in the US.

16 December 2003

/regulation

Mark-It Partners to acquire LoanX

Credit pricing firm Mark-It Partners is to acquire LoanX, a US provider of syndicated loan data.

16 December 2003

/Sibos

Sparkassen Informatik implements Sterci's Stelink for move to SwiftNet

Sparkassen Informatik, a provider of IT services to German co-operative banks, is implementing Geneva-based Sterci's financial messaging middleware, Stelink, to manage its migration to the IP-based SwiftNet network.

16 December 2003

/retail

I-flex moves into consumer lending with SuperSolutions acquisition

Indian core banking systems supplier i-flex is to acquire SuperSolutions, a US-based specialised consumer lending software provider in an all cash deal for $11.5 million.

16 December 2003

/retail

NMB Bank to deploy Infosys Web banking applications

Zimbabwe's NMB Bank has licensed the eChannels and eCorporate applications from Infosys' Technologies' reatil banking suite, Finacle.

16 December 2003