999 Results from /wholesale
Retired Member
The Financial Times yesterday included a supplement on financial training which featured an article on a fintech degree offered by University College London (UCL). The university's MSc in Financial Computing was launched last year in partnership with Credit Suisse, Goldman Sachs, Merrill Lynch and Morgan Stanley. UCL's technology partner for the pr...
17 June 2008 /retail /wholesale
Paul Penrose Head of Research at Finextra
John Thain estimates that Merrill Lynch's 20% stake in financial information supplier Bloomberg could be worth up to $6 billion. The valuation puts a $30 billion price tag on the company and makes Thomson's $8.8 billion buy-out of Reuters seem a positive snip. It also offers an insight into the personal net worth of the company's eponymous founde...
13 June 2008 /wholesale Finextra50 fintech index
Nomura International - the London-based arm of the Japanese investment bank - is cutting the number of IT contractors it employs and slashing the pay of those stilll with the firm, according to Here is the City. Nomura's IT contractors were informed of the move by an e-mail saying that the bank will "reduce contractor spend through a combinat...
12 June 2008 /retail /wholesale
Elton Cane Digital product delivery at News Corp Australia
Real-time event coverage and expansion plans in the US: It's the Sifma Technology Management Conference in New York next week (as of writing). Maybe it's just me being pedantic, but it's always kind of bugged me that this huge exhibition/small conference event is usually referred to in the fintech space as "the Sifma show", or just &quo...
06 June 2008 /wholesale
Belatedly proving that there is life after Swift, the banking co-operative's former head of securities James Donovan has landed a new role at US self-regulatory authority Finra. In his new job, Donovan will take charge of Finra's corporate technology and strategy, and will also be responsible for registration and disclosure, market transparency fa...
05 June 2008 /sibos /wholesale Where are they now?
Despite the impact of the credit crunch and the uncertain economic outlook, there is still demand for IT professionals in the financial services sector, according to specialist online recruitment firm IT Jobs in the City. There has been a "steady demand" for tech staff within commodities, with a 50% increase in positions advertised since ...
04 June 2008 /retail /wholesale
The size of your pay packet doesn't guarantee happiness and fulfilment at work, according to a survey of 1000 workers across 20 professions which found bankers and financial services workers to be the most dissatisfied and unhappy in their jobs. Bankers came joint bottom - 17th - in the City & Guilds Happiness Index, along with builders, IT sp...
The Federal Reserve Bank of New York yesterday published a paper that describes ten major long-range trends in the settlement of large-value payments worldwide. The trends are driven by technological innovation, structural changes in banking, and the evolution of central bank policies. The authors observe that banks are increasingly making large-...
04 June 2008 /payments /wholesale Finextra@Sibos
The Creditex acquisition looks like third-time lucky for ICE, which has been keen to follow the same horizontal growth strategy being successfully pursued by other exchange groups over the past few years. Vertically, it has already this month received permission to expand into European clearing, with the FSA approving the operations of ICE Clear Eu...
03 June 2008 /wholesale Private Equity Investing in Financial Technology
Turquoise chief executive Eli Lederman told delegates at the Mondo Visione Exchange Forum that the bank-backed equities trading facility will begin offering trading on 300 stocks across 14 markets on 5th September. According to a Financial Times report, Lederman said Turquoise would begin offering a limited service for its members across Europe in...
03 June 2008 /wholesale
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