993 Results from /wholesale
Paul Penrose Head of Research at Finextra
As expected, the New York Stock Exchange has hit back at recent market share stats distributed by Nasdaq OMX, accusing its competitor of "blurring the lines between fantasy and reality". Here's the text of the Nyse rebuttal letter currently doing the rounds: The most recent boasts by one of our competitors, NasdaqOMX, takes a turn from Wi...
22 July 2008 /wholesale
Retired Member
The news that "the Bank for International Settlement (BIS) has issued a consultative document seeking feedback on ways to address... ...the lack of transparency in payment messages used for cross-border cover payments." cannot come as a surprise to anyone involved in the implementation of AML systems. This inherent weakness has long been...
21 July 2008 /payments /wholesale Transaction Fraud Systems and Analysis
HP has dedicated a fair amount of corporate Web space to promoting it's environmentally-friendly 'Green Giant' credentials. So I'm assuming this report from the Register is some kind of elaborate joke: "HP shatters excessive packaging world record". The accompanying picture story details how one amazed Reg reader took receipt of a very ...
21 July 2008 /retail /wholesale Going green
Hats off to Bloomberg (financial fundamentals), PayPal (P2P payments) and Bank of America (mobile banking) for being ready on day one of the launch of Apple's AppStore on iTunes for iPhone widgets. But a big thumbs down to the rest of the financial services industry for such a tardy response. For an overview of some of the more interesting (non-...
11 July 2008 /retail /wholesale Finance 2.0
The share dealing arm of Australia's Commonwealth Bank is ready to cash in on iPhone mania ahead of the initial 3G release in the country Friday. CommSec has developed a native iPhone app that effectively converts the device to a wireless laptop, from which users can check out news and market movements, view their holdings and outstanding orders ...
10 July 2008 /retail /wholesale Futuristic Banking
Further to my previous post on Merrill Lynch's ruminations over whether or not to shed its 20% stake in Bloomberg (Just how rich is Michael Bloomberg?), maybe we should also be asking: Just how much is Thomson Reuters worth? Shares in the vendor rose 48p to £13.07 Monday as brokers began to re-evaluate the company in light of the £3 billion to £6...
08 July 2008 /wholesale Finextra50 fintech index
John Cant Managing Director at MPI Europe Ltd
Whether you call it commission sharing or unbundling, it seems a deceptively simple process, at the conceptual level at least – you normally split the commission on an equity deal into at least two elements (traditionally denoted as execution and research) and distribute these portions appropriately. Following an agreement, known in the UK as a CS...
04 July 2008 /wholesale MiFID
Cityboy, Beer and loathing in the Square Mile, is a fictionalised account of rampant egotism, greed, prostitution and drug-taking in the heart of London's financial centre. The lurid tome was penned by Geraint Anderson, a former utilities research analyst at DrKW, who grew tired of the City's excesses after a debauched ten year's at the sharp end....
04 July 2008 /wholesale Video extravaganza
The UK's Financial Services Authority has concluded its first insider dealing case in almost two years. The culprit? A Body Shop IT technician who snooped on private e-mails to make a £38,000 profit by shorting shares in the retailer ahead of a results announcement. Excuse me if I'm feeling a little underwhelmed. It's a bit like the caped crusade...
02 July 2008 /wholesale
It's great to see, in what others see as a fairly dry world, that asset servicing is heading up the agenda not just in the west, but also in the east. SWIFT is hosting two half day conferences for custodians and asset managers in August, the first in Singapore on August 5th and the second in Hong Kong on August 8th. My interest, which I'll declar...
01 July 2008 /wholesale SWIFT Matters
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