Findex

4073 articles tagged with this keyword

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Citadel takes majority stake in Equiduct

US hedge fund Citadel Investment Group is taking a majority stake in Equiduct, the European multi-lateral trading facility operated by Borse Berlin.

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Nasdaq OMX president Magnus Bocker quits for SGX role

Nasdaq OMX president Magnus Bocker is quitting the market operator to take over as chief executive officer of the Singapore Exchange.

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TCS Q1 profit soars as demand from banks picks up

Increased demand from financial services firms has led to better than expected first quarter earnings for Indian IT firm Tata Consultancy Services (TCS).

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LCH.Clearnet rebuff's Icap-led takeover approach - Reuters

LCH.Clearnet last month rejected a takeover offer from an Icap-led consortium due to concerns about the business plan, according to a report from Reuters citing "two people familiar with the matter".

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Bid action keeps Morse afloat as second half wanes

Shares in Morse have held steady on the back of potential bid action, as the UK IT services group reports a dip in second half revenue in an unaudited trading update for the 12 months ended 30 June 2009.

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Software AG acquires Swiss Swift specialist Teconomic

IT systems house Software AG is to expand its presence in the market for Swift-related services with the acquisition of Swiss fintech firm Teconomic.

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Thomson Reuters buys Webcasting firm Streamlogics

Thomson Reuters has acquired Canadian Webcasting firm Streamlogics. Financial terms of the deal were not disclosed.

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Microgen leads Finextra50 higher

The Finextra50 Financial Technology Index continued to rise in June - up nearly two points - with Microgen, Mphasis and Online Resources all gaining more than 20% during the month. In contrast, only one firm in the index, Fico, saw shares slide more than 10%.

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Markit acquires TZ1 environmental registry from NZX

Financial information group Markit has acquired the TZ1 environmental registry from the New Zealand Stock Exchange (NZX) in an all-share transaction valued at $37.1 million.

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Tesco may bid for Northern Rock - The Times

UK supermarket chain Tesco may be a surprise bidder for nationalised bank Northern Rock, the Times newspaper has reported.

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Tsys knocked by Bank of America/First Data joint venture plans

Payments processor Tsys says it stand to lose four per cent of its annual revenue as a result of plans by Bank of America to switch its 240,000 merchant relationships to a new joint venture company in partnership with First Data.

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Bank of New York Mellon takes stake in clearing counterparty IDCG

The Bank of New York Mellon has taken a minority stake in Nasdaq OMX majority-owned subsidiary International Derivatives Clearing Group (IDCG).

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Visa signs $13 million deal and takes minority stake in Monitise

Visa is to take a 14.4% stake in Monitise after signing a $13 million partnership deal with the UK mobile banking outfit.

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Clear2Pay acquires Dutch consultancy Ereon; launches 'Sepa in a box' for SDD processing

Belgian payments outfit Clear2Pay has acquired the assets of specialist Dutch consultancy Ereon. Financial terms were not disclosed.

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Bank of America and First Data set up merchant processing JV

Bank of America has outsourced its merchant processing to a new joint venture company established with First Data.

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VisaNet IPO totals $4.3bn

Visa's Brazilian affiliate VisaNet is raising around $4.3 billion in its initial public offering, the biggest in the world for over a year.

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Swings and roundabouts at Misys as gains in banking offset treasury decline

Banking to healthcare vendor Misys is reporting a five per cent rise in like-for-like revenue at its banking division and a two per cent decline in its treasury and capital markets business, in an unaudited trading statement for the year ended 31 May 2009.

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Clear2Pay buys China's ETH Tech

Belgian payments outfit Clear2Pay has moved to increase its presence in the lucrative Chinese market by agreeing a deal to buy Beijing-based vendor ETH Tech. Financial terms were not disclosed.

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TD takes Yieldbroker stake

The Toronto-Dominion Bank (TD) has acquired a stake in Sydney-based electronic trading outfit Yieldbroker. Financial terms were not disclosed.

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Thomson Reuters to exit from London listing

Thomson Reuters is to quit the London Stock Exchange and Nasdaq in favour of Nyse and the Toronto Stock Exchange as it moves to abandon its troublesome trans-Atlantic dual listed company structure.