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

FSA hits out at MiFID cost burden

The head of the UK's Financial Services Authority has launched a stinging attack on the European Union's new investment services directive, which he claims will impose significant costs in return for questionable benefits.

22 July 2005

News/Finexpo CTS

Advisory group to review industry feedback to Swift clearing proposals

Stephan Schuster of Deutsche Bank is to chair an independent advisory group to review the feedback on proposals by financial messaging network Swift for a standardised communication protocol for European clearing and settlement.

14 July 2005

News/Finexpo CTS

Microsoft moves on capital markets

Microsoft has lined up 20 software, hardware and systems integration partners in support of its 'Experience Capital Markets' programme, designed to ease the technology sourcing and integration burden for securities firms building on .NET and XML-based Web Services platforms.

21 June 2005

News/Finexpo CTS

DrKW signs for Parlano messaging software

Investment bank Dresdner Kleinwort Wasserstein (DrKW) is deploying Chicago-based Parlano's real-time instant messaging and collaboration software, MindAlign, in an effort to improve communications between its sales, trading and research operations.

21 June 2005

News/Finexpo CTS

Claimonitor STP utility set for live launch

Claimonitor, a new ASP-based straight-through processing utility for automating transactions and market-related claims in the global custodian, investment banking, asset management and broker communities, is preparing for a live launch next month.

08 June 2005

News/Finexpo CTS

Algorithmic trading cuts costs, but performance levels vary widely

Comparative research by ITG into automated order execution strategies suggests that algorithmic trading engines can cut costs, but warns that performance levels between brokers can be far from uniform especially as order sizes increase.

05 May 2005

News/Finexpo CTS

CheckFree acquires Accurate Software

CheckFree Corporation has acquired UK-based reconciliation and exception management provider, Accurate Software for $56 million in cash.

03 May 2005

News/Finexpo CTS

Finextra market intelligence at your fingertips

Finextra has introduced a set of 12 RSS newsfeeds as part of a rolling programme of new site features and enhancements.

29 April 2005

News/Finexpo CTS

Industry standards bodies band together for MiFID

Four major industry associations – FIX Protocol Ltd, ISITC Europe, the Reference Data User Group (RDUG) and SIIA/FISD – have formed a Joint Working Group to address the compliance requirements created by the European Union (EU) Markets in Financial Instruments Directive (MiFID).

04 April 2005

News/Finexpo CTS

FSA faces withering attack over regulatory burden

The Financial Services Authority has been savaged by City business leaders in a brutal attack on the UK watchdog's "heavy-handed" compliance regime.

04 March 2005

News/Finexpo CTS

FSA consults on Basel II as banks weigh IT costs

The Financial Services Authority has issued a consultation paper on the European Union's Capital Requirements Directive for Basel II in an effort to aid firms as they prepare for extensive systems and risk management changes to comply with the new regulations.

28 January 2005

News/Finexpo CTS

Finexpo speakers talk up data management and compliance

Data management and compliance have emerged as key pain points for financial market participants attending this year's Finexpo City Technology Strategies event in London.

27 January 2005

News/Finexpo CTS

Misys rises on improving results

Misys is reporting signs of a turnaround in its core banking markets after posting modest increases in both revenues and profits at its banking division for the six months to 30th November 2004.

27 January 2005

News/Finexpo CTS

IT budgets up as firms wilt under compliance burden

Finextra's annual Financial Technology Strategies report finds financial market firms preparing to raise IT budgets in an effort to boost operational efficiencies and comply with regulatory demands for increased information.

26 January 2005

News/Finexpo CTS

European developers say SOAs set to soar

Almost three quarters of software developers in Europe will be developing service-orientated architectures this year, according to research conducted by Evans Data Corporation on behalf of BEA Systems.

18 January 2005

News/Finexpo CTS

Clearstream talks up corporate actions

International depository Clearstream says transaction volumes for its month-old corporate actions service have exceeded expectations. Market interest in the initiative comes as exchange parent Deutsche Börse gears up for the launch of a new reference data offering, Propis.

18 January 2005

News/Finexpo CTS

Instinet brings smart order routing to Europe

Electronic broker Instinet is to introduce a European 'smart routing' service, to automate the search for best execution among competing European exchange.

17 January 2005

News/Finexpo CTS

IT budgets forecast to show biggest rise for four years

Corporate IT budgets are expected to see their biggest rise for four years as chief information officers look to raise spending on security, business intelligence and the mobile workforce.

14 January 2005

News/Finexpo CTS

Currenex explores SwiftNet move

Independent multi-dealer corporate currency portal Currenex is exploring the possibility of moving to IP-based interbank network SwiftNet, as an alternative delivery channel to the Internet.

14 January 2005

News/Finexpo CTS

ESF lobbies to scrap paper share certificates in the UK

The European Securities Forum is calling for the eradication of paper shares certificates in the UK, saying the move could save the industry up to £230 million over three years.

13 January 2005