21 October 2017
visit www.response.ncr.com

Lombard gains on new liquidity regs

27 May 2010  |  5803 views  |  0 Financial Graph on screen

Shares in Lombard Risk Management have risen 20% on pipeline deals related to new UK liquidity regulations, despite the company reporting widening losses for the year ending March 2010.

In a trading update, the UK-based provider of risk management software for collateralised trading reports that revenues will be up on last year's £8.7m, but that losses will have widened from £1.3m.

The company says the outlook is "encouragingly positive" with over 20 contracts or orders relating to new liquidity regulations won so far this year, and more orders expected. As at 30 April 2010, the company's order book stood at a record level of £4.4m, compared with a level of around £2.6m on 30 April 2009, a rise of around 70%.

The firm says a landmark £1 million deal won with a top German bank last year has now reached completion and the software has been accepted, with additional work commissioned by the bank concerned.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Lombard Risk scores collateral contract with ABN Amro

Lombard Risk scores collateral contract with ABN Amro

21 December 2009  |  7248 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.niceactimize.comvisit www.atos.net

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8955 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8680 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7753 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7234 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6846 views comments | 14 tweets | 23 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job