993 Results from /wholesale
Retired Member
Amid serious concerns that the escalating banking crisis will result in a major loss of sales, Thomson Reuters has instigated a recruitment freeze at its financial markets and technology unit. According to an internal memo seen by the Wall Street Journal the vendor has halted external recruitment for new positions except where the company is shifti...
18 September 2008 /wholesale Finextra@Sibos
Growth in Transaction Banking; are banks going back to basics or is there a killer application ? While the global financial markets face severe meltdown, one area within banking quietly continues to prosper - Transaction banking. Consider this – Between Citi, HSBC and JPMC income from global transaction banking in 2008 is expected to touch US$ 15b...
17 September 2008 /sibos /wholesale Transaction Banking
Following on from my previous blog about the mileage a typical Sibos delegate clocks up during the event, I have an update for you. Monday started quite slowly with a modest 7.8km - there was a lot of standing around catching up with comrades from Sibos' past. I definitely made up for it though on Tuesday - a whopping 18km during the day! Mind yo...
17 September 2008 /payments /wholesale Finextra@Sibos
In addition to the US squatter the European Squatters are hard at work. A number of permutations of the potential LloydsTSB / HBOS merger have also been snapped up. However there are a few combinations that are still available if you hurry.
17 September 2008 /wholesale
Nick Hastings
There's a first time for everything and an early morning run at Sibos certainly was a first for me. Thanks to the good people at EBA Clearing and our excellent local guides from RZB a couple of the Finextra team took part in the first EBA Clearing Sibos fun run. Setting a fairly competitive pace over 8km in a field of 25 of Sibos' finest atheletes...
FXMarketSpace was born out of the general belief, current a few years ago, that markets such as FX would "evolve" towards the exchange-based model of equities, and that this somehow represented the pinnacle of trading organization. Instead, almost the exact opposite has happened. The rapid growth in reach, complexity and sophistication of...
16 September 2008 /wholesale
In a lively conference session on the opening morning of Sibos 2008, Till Guldimann, vice chairman of SunGard, told delegates that the increasing use of Web 2.0 technology was "a wake up call for Swift". Guldimann put forward a proposal that would see the interbank network use Web 2.0 technologies to fight off the challenge posed by outf...
15 September 2008 /retail /wholesale Finextra@Sibos
Before Sibos is over? So, another year older and so too another Sibos, this my third. Although still a relative novice, I have pondered in the past just how much distant a Sibos delegate without a stand to call home, such as myself, would cover during the event. In the run up to this year's Sibos I thought it might actually be interesting to do a ...
14 September 2008 /payments /wholesale Finextra@Sibos
...but SWIFT may be part of the solution. It's fair to say that the SEPA Credit Transfer go-live in January this year has been something of a non-event. SCTs have not taken off and volumes remain low. The main problem, in my view, is that corporates have no incentive or business case to move from their existing payment instruments to the new sys...
12 September 2008 /payments /wholesale
The publishing of an old article about a 2002 bankruptcy-court filing by United Airlines (UAL) on Google news on Monday has highlighted the downside of using automated and algorithmic trading applications to execute orders. It still remains unclear how the six-year old report of UAL's 2002 bankruptcy-court filing appeared on the ‘most viewed' secti...
12 September 2008 /wholesale
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