980 Results from /wholesale
Gary Wright Analyst at BISS Research
It's been over twenty years since "Big Bang" in the UK where single capacity business was abolished in favour of duel capacity. Single capacity was where brokers could only deal on behalf of clients earning commission and duel capacity is where brokers can deal for clients but also themselves. The fear was always that brokers could be co...
19 November 2008 /wholesale SEPA and European Payments
At last weeks EMXCo quarterly update Max Wright their CEO and mastermind leading the way in bringing STP into the investment funds announced the exciting news that they have the first firm using settlement messages. The packed audience of distributer's, brokers and fund managers almost purred with appreciation. This really is breaking new ground f...
19 November 2008 /retail /wholesale MiFID
Paul Penrose Head of Research at Finextra
If State Street CEO Ron Logue is serious about his new expense management programme, he might first want to start with the annual salary and severance package of none other than...Ron Logue. The CEO of the Boston-based financial conglomerate pocketed no less than $27 million in total compensation last year. What's more, if the firm gets taken over ...
17 November 2008 /wholesale
Elton Cane Digital product delivery at News Corp Australia
That's what bearish Oppenheimer analyst Meredith Whitney told Reuters at the the Reuters Global Finance Summit yesterday. In her view, the bank is unlikey to be profitable for several years. Its strategy was that its many financial services businesses could boost their revenue by selling products to one another's clients. "But that does not ...
11 November 2008 /retail /wholesale
One HSBC is a scheme that aims to move 55 core banking systems, 24 credit card systems, 41 internet banking systems, 40 desktop standards and five unique trading rooms on to one global platform by 2011. Three years in and the $1 billion project is already paying for itself. Finextra issued a progress report back in August. In an interview with Co...
07 November 2008 /retail /wholesale
XML is not new but you would be forgiven for thinking it is, in the financial services industry. Now that ISO20022 is grabbing some attention there is an inevitable growing interest in XML. A few years ago the FSA in the UK started a project to move towards XBRL, one of the many derivatives that have been sporned from the origins of XML. The proje...
07 November 2008 /security /wholesale MiFID
Retired Member
With the sum of $600 trillion CDS, it now looks as though the sub-prime crisis is a relatively benign subject. It is safe to say that a lot of these CDS' spread have increased because of the current economic crisis and the number of defaults. How much of this $600 trillion CDS is affected by credit defaults is a very good thing to know at this poin...
06 November 2008 /regulation /wholesale
The financial services industry has been taking a bit of battering over the last few years with executives of leading institutions behaving in a way that goes way beyond greed and moral responsibility. The actions of the few have tainted the majority of people who work in financial services that operate with a high degree of ethics and work hard t...
31 October 2008 /wholesale EBAday
It is interesting to note that after a little more than a decade, Canada has decided to stop investing and creating technologies and market infrastructure for cheque imaging to make the paper clearing process faster, safer and better. North American countries in particular have been investing a lot, over the last couple of decades, on imaging prog...
28 October 2008 /payments /wholesale Futuristic Banking
With what appears to be impeccable timing, Hollywood is awash with reports of the imminent return of Gordon Gekko, the ultimate master of the universe, in a reprise of the 1987 blockbuster Wall Street. With a working title Money Never Sleeps, the new movie will see Gekko released from jail to confront the financial market meltdown afflicting moder...
24 October 2008 /wholesale Where are they now?
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