Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

UK trade associations establish MiFID implementation programme

Four major financial trade associations in the UK have established a joint industry-driven programme to help firms implement the European Union's Markets in Financial Instruments Directive (MiFID).

16 November 2005

News/Finexpo CTS

UBS buys out Prediction Company

Swiss banking group UBS has acquired the stake it didn't already own in Prediction Company, a New Mexico-based developer of automated trading systems and predictive technology, for an undisclosed sum.

15 November 2005

News/Finexpo CTS

IIF warns of dangers of Basel II delays

The Institute for International Finance (IIF), which represents the world's largest banks, has warned that any delays in the implementation of the Basel II capital accord in the US, and inconsistent adoption in other areas, could undermine the benefits of the framework and prevent a level playing field.

15 November 2005

News/Finexpo CTS

Buy-side unimpressed by MiFID

Over half of buy-side institutions believe that the introduction of the European Union's Markets in Financial Instruments Directive (MiFID) will impose high costs but provide little benefit, according to a survey conducted by electronic trading network Liquidnet Europe.

14 November 2005

News/Finexpo CTS

Banks pushing reference data boundaries

Almost three in four financial institutions are looking to raise levels of reference data automation over the coming year as part of a concerted industry-wide effort to improve data quality, cut costs, and reduce risks, according to a global survey conducted by AIM Software and the Vienna University of Economics and sponsored by Reuters.

10 November 2005

News/Finexpo CTS

SunGard bids for plug and play with new SOA framework

In an effort to stitch together its disparate software offerings for plug'n'play compatibility, fintech giant SunGard has switched to a platform-independent 'Common Services Architecture' framework based on mainstream open source standards.

07 November 2005

News/Finexpo CTS

DrKW selects Propero for virtualisation project

Investment bank Dresdner Kleinwort Wasserstein (DrKW) is implementing London-based Propero's desktop virtualisation platform, workSpace, which it will use to centralise management of its global applications.

04 November 2005

News/Finexpo CTS

City financial firms given priority access to telephone network

Large financial firms in the City of London are to be given access to priority telephone networks following the terrorist bombings on 7 July.

02 November 2005

News/Finexpo CTS

JPMorgan rolls out TAO algorithmic tool for portfolio trading

JPMorgan has introduced its Trading Algorithmic Optimizer (TAO), which determines and executes the most appropriate algorithms for trading a portfolio of stocks.

02 November 2005

News/Finexpo CTS

City investment firms not ready for MiFID

New research published by the MiFID Joint Working Group (JWG) has found that more than two-thirds of London-based investment firms do not have - or do not know if they have - a framework in place for complying with the directive.

31 October 2005

News/Finexpo CTS

Reuters signs four to new trade notification service

Reuters has signed Lehman Brothers, Icap, Calyon and RP Martin Brokers to its newly launched post trade confirmation system.

24 October 2005

News/Finexpo CTS

Compliance costs mount as US banks slip behind on MiFID timetable

More than 80% of Northern American banks are not on schedule to meet the current April 2007 deadline for complying with the EU-wide Directive On Markets in Financial Instruments (MiFID), according to financial consultancy Capco.

21 October 2005

News/Finexpo CTS

European Commission set to extend MiFID deadline again

The European Commission is set to delay the implementation of its controversial Directive On Markets in Financial Instruments (MiFID) by a further six months.

19 October 2005

News/Finexpo CTS

US financial markets survive disaster recovery tests

An industry-wide business continuity test conducted by US financial market associations to verify the resilience of US securities markets has been successsfully completed.

19 October 2005

News/Finexpo CTS

Rising volumes and new technology push down OTC derivatives processing costs

Rising trade volumes and the introduction of new technology have almost halved processing costs for credit and equity derivatives, according to research by City-based market intelligence firm Z/Yen.

18 October 2005

News/Finexpo CTS

Platform Computing signs BNP Paribas Arbitrage to Grid package

BNP Paribas Arbitrage is implementing Grid technology from Platform Computing to harness the spare computing capacity from 2000 desktop PCs for running calculations at its equity and derivatives division.

17 October 2005

News/Finexpo CTS

Santander selects SAS for Basel II compliance

Spanish banking giant Grupo Santander is implementing risk management technology from UK-based SAS across the enterprise in order to comply with the forthcoming Basel II regulations.

13 October 2005

News/Finexpo CTS

Finexpo 2006 opens for business

Leading technology vendors and industry associations are lining up in support of Finextra's annual capital markets conference and exhibition, Finexpo, which will open for business on 26 January 2006 at Cabot Hall, Canary Wharf.

07 October 2005

News/Finexpo CTS

MiFID compliance bill could reach $1 billion - TowerGroup

Broker-dealers trading on their own accounts will need to spend at least $22 million each to comply with the European Union's Markets in Financial Instruments Directive (MiFID), according to research from TowerGroup.

04 October 2005

News/Finexpo CTS

Banks wary of Basel II benefits

Banks are still concerned about costs of implementing the technology required to comply with Basel II regulations and are increasingly uncertain about the benefits of compliance, according to research conducted by Accenture.

25 July 2005