4073 articles tagged with this keyword
News/Findex
Brazil's BM&F Bovespa is increasing its stake in Chicago's CME Group to five per cent, at a cost of $620 million as part of an agreement between the two exchanges that will also see them jointly develop a multi-asset class electronic trading platform.
12 February 2010
Lloyds Banking Group has agreed the sale of its 70% stake in esure to the online insurer's founder and chairman Peter Wood for around £185 million in cash.
11 February 2010
Britain's Barclays bank is buying the Italian credit card business of Citi. Financial terms of the deal were not disclosed.
CME Group has struck a deal to take control of the Dow Jones stock index business through a joint venture with current owner News Corp that values the business at $675 million.
Thomson Reuters has boosted its direct market access capabilities through the acquisition of Aegisoft, a US-based provider of electronic trading and testing tools. Terms of the transaction were not disclosed.
09 February 2010
The London Stock Exchange (LSE) has appointed Antoine Shagoury chief information officer (CIO) in a move that will see David Lester concentrate on the integration of recently acquired Turquoise with the Baikal dark pool.
Shares in Icap slumped Friday morning as the company cut its forecasts and warned that new businesses are struggling to attain profitability. The UK interdealer broker also announced an agreement to acquire the outstanding shares in Swedish post-trade fintech venture TriOptima for an initial EUR109 million in cash.
05 February 2010
Sybase has confirmed the acquisition of complex event processing vendor Aleri, as first previewed by Finextra earlier this week. Terms of the transaction have not been disclosed.
04 February 2010
Nearly a quarter of a century after the name disappeared, Burroughs has been resurrected by a private equity firm that has acquired Unisys' cheque and cash automation equipment business.
French smart card supplier Gemalto has acquired Finnish mobile authentication outfit Valimo Wireless. Financial terms of the deal were not disclosed.
03 February 2010
Banking automation vendor Diebold is to cut 350 jobs from its North American operations as it reports continuing weaknesses in the market for bank branch construction and a sharp dip in full-year revenues and income.
Capital markets tech house First Derivatives has struck a deal to buy Cognotec, the Irish FX dealing systems provider that went into receivership last week. Financial terms have not been revealed.
Irish software firm Cognotec, a supplier of FX dealing systems to the global banking market, has gone into receivership after its business took a nosedive during the economic downturn.
29 January 2010
Online broker E*Trade Securities has struck a deal to transfer around 24,000 UK accounts to Canadian rival TD Waterhouse.
28 January 2010
After seeing revenue and profits tumble for much of 2009, Thomson Reuters CEO Tom Glocer says there was a "marked uptick" in sales at the news and data firm towards the end of the year.
27 January 2010
Brazil's BM&FBovespa has hired former Icap executive Cathryn Lyall to head up its new London office, from where the exchange plans to build up a presence in Europe, the Middle East and Africa.
General Atlantic has taken a $250 million stake in financial data and post-trade services group Markit.
UK payments group Earthport is looking to raise £875,000 in working capital through a placing of seven million shares at 12.5 pence each in a last-ditch bid to keep the firm afloat while it chases down an outstanding £3.25 million franchise payment from Zink Financial.
26 January 2010
Swedish vendors Orc Software and Neonet are recommending a merger to their shareholders in a deal that would see them combine equity and derivatives trading technology expertise.
25 January 2010
German IT company Wincor Nixdorf says there are precious few signs of an imminent recovery in retail banking markets as it reports another quarter of depressed net sales and profits.
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