Patsystems

19 results about this entity

Period: 13 Aug 2007 - 28 Nov 2011

Patsystems receives takeover approach as MF Global fallout continues

Hit hard by the collapse of its largest customer, MF Global, troubled UK screen-dealing software house Patsystems has been approached about a takeover by ION Trading.

MF Global collapse hits Patsystems

Shares in UK screen-dealing software house Patsystems fell over 10% yesterday on news of the collapse of MF Global, a major customer accounting for recurring revenue of around £3 million.

Exchange spending cutbacks hit Patsystems

UK screen-dealing software house Patsystems has issued a profits warning as sales to emerging exchanges are hit by economic and financial turmoil.

CVC to buy Convergex majority stake; Patsystems acquiring Mixit

US trading technology firm Convergex Holdings has abandoned a planned IPO, agreeing instead to sell a majority stake to funds advised by CVC Capital Partners.

Patsystems sets course for a prosperous New Year with $6 million TurkDex deal

Screen dealing vendor Patsystems has won a $6 million contract to provide exchange, trading and risk management technology to the Turkish Derivatives Exchange (TurkDex).

Finextra50 September 2009

The Finextra50 Technology Index has reached 88.90. The majority of the Finextra50 companies are posting an increase in stock price.

Patsystems beats expectations

Shares in screen dealing vendor Patsystems rose by more than ten per cent after the UK-based company beat market expectations with a 15% rise in revenue and 23% increase in pretax profit for the full year 2008.

Patsystems share price soars on ION Trading rumours

The Finextra50 Financial Technology Index held steady last week, with acquisition news and rumours driving up share prices for Patsystems and SSP Holdings. Other gainers include 3i Infotech and Interactive Data, while Fidelity NIS led the fallers.

Nasdaq OMX to provide platform for Hong Kong commodity exchange

Nasdaq OMX has secured a deal to supply the technology infrastructure for a new commodities exchange that will launch in Hong Kong early next year.

Patsystems and Misys lead Finextra50 down

The Finextra50 Financial Technology Index slipped two per cent to 88.21 last week, with London-based Patsystems recording the biggest fall after it warned of a profit shortfall in the first half of the year.

Patsystems slumps on profit warning

Shares in London-based Patsystems dived after the trading technology vendor warned of a profit shortfall in the first half of the year, which will not be recovered in H2.

Patsystems says customers delaying buying decisions

London trading technology vendor Patsystems says major buying decisions by clients "are concluding more slowly than usual" as the credit crisis bites but trading in 2008 has been in line with expectations so far.