Finexpo CTS

149 articles tagged with this keyword

/Finexpo CTS

Finexpo to map capital markets priorities for 2006

With 400 delegates already pre-registered, a near sold-out exhibition floor, and an exciting seminar programme, Finextra's fourth annual City Technology Strategies show, Finexpo CTS, is set to provide an agenda-setting blueprint for capital markets professionals as we enter 2006.

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Swift to establish MiFID working group

Financial network Swift says it is establishing a standards working group to ensure any future ISO message standards comply with the EU's Markets in Financial Instruments Directive (MiFID), which is expected to come into force in November 2007.

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FSA urges firms to improve disaster recovery planning

The UK's largest financial insitutions have "highly resilient" IT systems that could recover critical functions quickly after a terrorist attack or natural disaster, but firms could still be at risk because too many back-up sites are located in London, says the Financial Services Authority.

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Brokers square up over integrated voice and electronic dealing

Cantor Fitzgerald spin-off BGC is planning to launch an integrated voice and electronic US dollar repo trading platform for primary dealers early next year.

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Tokyo Stock Exchange admits error in Mizuho trade botch-up

The Tokyo Stock Exchange (TSE) has admitted that a problem with its own dealing system prevented a Mizuho Securities trader from cancelling an erroneous share-sale order that could cost the brokerage more than $225m.

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Barclays Global Investors signs for Asset Control data management platform

Barclays Global Investors (BGI) is implementing Asset Control's flagship product, AC Plus, as its central data repository for reference and time series data.

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Study calls for consolidated clearing services in Europe

The European financial community could cut costs for cross-border securities trading with the introduction of a single central counterparty and the merging of the region's two largest clearing houses, Eurex Clearing and LCH.Clearnet, according to a report complied by UK-based Bourse Consult and commissioned by the Corporation of London.

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Progress extends Apama algorithmic black box for cross-asset trading

Massachusetts-based Progress Software is extending its Apama algorithmic trading platform to support cross-asset trading strategies.

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FSA moves to cut red tape

Stung by criticism that it operates an overly prescriptive compliance regime, the Financial Services Authority (FSA) has published plans to reduce the cost and burden of regulations on UK firms.

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HSBC live with IT&e risk management platform

Global banking group HSBC is using technology from Sydney-based IT&e Limited to manage credit, market and liquidity risk at its London operations.

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BlackBerry users face shutdown as judge rules against RIM

Research in Motion (RIM), the Canadian maker of the popular Blackberry handheld device, may be forced to shut down its US mobile e-mail service after a federal judge rejected its request to enforce a $450 million settlement reached earlier this year with US-based NTP, which holds the patent to the wireless technology.

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FIX Protocol pulls out of Swift messaging pact

FIX Protocol Limited (FPL) says it has terminated an agreement it entered into with Swift to establish the ISO 15022 XML format as a common messaging standard for securities processing and will focus on driving use of its own FIX Protocol instead.

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LSE and OMX merger deal would save £100 million, cost 130 jobs - Dagens Industri

The London Stock Exchange is in talks with Scandinavian stock exchange operator OMX about a deal under which its technology division would be moved to Stockholm, leading to the loss of 130 jobs from across the two exchanges, according to a report by Swedish newspaper Dagens Industri.

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Detica to buy Evolution Consulting

Technology consultancy Detica is acquiring London-based Evolution Consulting, a specialist firm focusing on the wholesale financial services sector, for approximately £8.5 million in cash.

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UK's financial sector conducts disaster recovery drill

Britain's financial sector is conducting a market-wide business continuity test today that will assess firms' readiness for dealing with a major crisis such as a natural disaster or a terrorist attack.

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ECB warns banks of hedge fund exposures

The European Central Bank (ECB) is warning banks in the EU about hedge fund exposure risk after a survey spotlighted potential weaknesses in risk management practices.

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Euronext.liffe to launch trade matching service for OTC derivatives

European exchange Euronext.liffe is launching Afirm, its new 'off-exchange' OTC post-trade matching service for the wholesale equity derivatives market.

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Icap eyes acquisitions to boost e-trading

Interdealer broker Icap says it is seeking acquisitions to expand its electronic trading business. The news comes as the firm reports a 32% rise in e-trading volumes in the first half of the year.

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FSA warns firms to step up MiFID preparations

The UK's Financial Services Authority (FSA) is urging banks and asset management companies to step up their preparations for the implementation of the European Union's Markets in Financial Instruments Directive (MiFID), which the watchdog says is now likely to come into force on 1 November 2007.

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ICMA drafts FIX standard for fixed income new issues

The International Capital Market Association (ICMA) says it is beginning work on the detail of a draft FIX standard for new issues in the fixed income market.