Service oriented architectures

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/Service oriented architectures

Spending on OTC derivatives IT to hit $1.3bn in 2011 - TowerGroup

Spending on OTC derivatives trading technology by institutional brokers will rise from $915 million in 2007 to $1.3 billion in 2011, a compound annual growth rate of 9.5%, according to the latest TowerGroup forecasts.

/Service oriented architectures

Iona acquires C24 to strengthen financial services focus

Nasdaq-listed Iona Technologies has purchased privately held data and messaging software company C24 for an undisclosed fee.

/Service oriented architectures

IBM reports new $700m Sparkassen Informatik contract

Sparkassen Informatik, a provider of IT services to German co-operative banks, has signed a new five year contract, worth $700 million, with IBM, for the supply of hardware, software and services.

/Service oriented architectures

GigaSpaces raises $5m in series c financing

New York grid technologies vendor GigaSpaces says it will double its headcount and push into Asia Pacific markets this year after it secured $5 million in a series c round of venture funding.

/Service oriented architectures

Clear2Pay gets EUR130,000 grant for Sepa direct debit strategy

Belgium-based payments systems vendor Clear2Pay has been awarded a EUR130,000 grant by the Flemish Innovation Institute for Science and Technology (IWT) which it will use to support the development of its Sepa direct debit technology.

/Service oriented architectures

Top tier firms sign up to Microsoft Novell Linux pact

Deutsche Bank, Credit Suisse and AIG Technologies have put their weight behind the recently announced collaboration between Microsoft and Novell on interoperability between Windows and Linux.

/Service oriented architectures

Finextra and Microsoft partner on City developer forum

Finextra is partnering with Microsoft to devise a one-day conference programme for developers in the City.

/Service oriented architectures

Finexpo switches venue to cope with rising numbers

Finexpo, the leading London conference and technology exhibition for City investment professionals, is set to celebrate its fifth anniversary with a move to a new venue in an effort to cater for rising delegate numbers.

/Service oriented architectures

LogicaCMG reports National Bank of Kuwait deal

The National Bank of Kuwait (NBK) has awarded LogicaCMG a two year contract worth US$27million to overhaul and modernise its core banking infrastructure.

/Service oriented architectures

Finextra and Intel assess data centre strategies for capital markets

Finextra is partnering with Intel to explore critical data centre management issues for capital markets firms.

/Service oriented architectures

JPMorgan Chase leads open source messaging push

JPMorgan Chase has joined forces with standards bodies and open source vendors to promote uptake and development of a platform-agnostic, interoperable message queuing middleware protocol.

/Service oriented architectures

Investment banks face turf war with global exchanges - report

By 2015 the world's leading exchanges will be competing directly with investment banks as they look to identify new avenues for growth and profits, according to a global capital markets study conducted by Datamonitor and released by BearingPoint.

/Service oriented architectures

Merrill implements Tibco BPM and SOA technology

US bank Merrill Lynch is implementing technology from California-based Tibco Software to streamline its back office operations using business process management (BPM) and a service-oriented architecture (SOA).

/Service oriented architectures

Credit Suisse extends Iona SOA contract

Credit Suisse has signed a new contract with Dublin-based vendor Iona for the further development and management of its service oriented architecture (SOA).

/Service oriented architectures

Credit Suisse looks to Azul stake to lighten datacentre burden

Credit Suisse has taken a stake in Azul Systems, a California-based start-up that has developed technology for processing compute-intensive memory-sapping applications over a shared network infrastructure, and says it will use the equipment to reduce the burden on its datacentre servers.

/Service oriented architectures

Progress Software to buy Actional

Massachusetts-based Progress Software is acquiring Actional, a privately-held provider of Web services management (WSM) tools for service-oriented architecture (SOA) applications, in a cash and stock deal worth $32m.

/Service oriented architectures

Leading banks collaborate with SAP on Web Services definitions

ABN Amro, Barclays, BBVA, Credit Suisse, Deutsche Postbank, ING and Standard Bank are collaborating with SAP in an effort to define bank-specific business processes for delivering an enterprise-wide service oriented architecture.

/Service oriented architectures

Merrill Lynch signs with IBM and SOA Software for Web services management

Merrill Lynch has selected IBM and California-based SOA Software to secure and manage Web services projects at the bank.

/Service oriented architectures

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.

/Service oriented architectures

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.