Paul Penrose Head of Research at Finextra
Your chief executive took home nearly $100 million in 2006 and you run a fleet of 20-odd corporate jets to ferry board directors to important business meetings and former executives to important Red Sox baseball games. But with the credit squeeze tightening it’s time to start looking at expense management. Where to begin? Employee perks are the ob...
07 January 2008 /retail /wholesale Whatever...
Retired Member
We should all be saying Happy New Year! Well, actually we have already, especially to tax authorities around the world. Many of them have just received a New Year's present of cash from the financial services industry, funded by investors. Why? Well, as cross border investment steadily increases at over 16% a year, each time there's a dividend p...
07 January 2008 /regulation /wholesale Innovation in Financial Services
The Finextra Community site was launched with little fanfare to a small coterie of beta users back in February this year. In opening the community we were hoping to create a forum for interaction with our global user base, and create a logical series of private and public spaces on the Web where fintech professionals could congregate, make connect...
21 December 2007 /retail /wholesale
Elton Cane Digital product delivery at News Corp Australia
So, it’s late December. The post Christmas party hangovers are becoming increasingly frequent, you’re just about done with the shopping, and the urge to work is waning. In short, it’s a great time of year to announce the inaugural Finextra Awards. Thankfully there was no shortage of topics to base the awards on – with a wide range of good, bad and ...
19 December 2007 /retail /wholesale Trends in Financial Services
After a stuttering start, it looks like Turquoise is getting its house in order in preparation for a busy New Year. The bank-backed rival to the London Stock Exchange has been variously dubbed Project Tortoise and Project Red Face by City wags for its signal failure to deliver a coherent business plan as the MiFID deadline loomed and its subsequen...
18 December 2007 /wholesale Finexpo
I had an interesting conversation today with Steve Rubinow, CTO of NYSE Euronext. Just over a year after the third phase of NYSE’s Hybrid trading system went live, heralding the massive shift away from the floor and specialist trading, HP’s PR people contacted me this week with an announcement that the Hybrid system is running on HP Non-stop and bl...
13 December 2007 /wholesale Trends in Financial Services
While doing a bit of research into high performance computing for our capital markets conference Finexpo, I stumbled across this article in Business Week on the Betfair gambling exchange. It seems that London-based Betfair has developed a new trading engine dubbed Flywheel, which is capable of handling 100,000 transactions per second and five mill...
04 December 2007 /wholesale Finexpo
I was quite intrigued back in October when I was walking around the exhibition halls at SIBOS in Boston to see how many software vendors on the corporate actions side were promoting their solutions for custodians, brokers and funds as STP. It seems to me we need to disconnect the marketing hype from the extremely fragmented reality of corporate a...
29 November 2007 /wholesale SWIFT Matters
I attended an interesting roundtable held by Omgeo this morning. Kicking off the discussion, Omgeo's industry relations manager Tony Freeman reported a few things he'd heard at a recent ISITC event that supported his view that globalisation and diversification of increasingly complex tradeable instrument types is taking the market into new territor...
28 November 2007 /wholesale Trends in Financial Services
My moles tell me that STP stalwart Tony Kirby is getting his fingers green courtesy of a stint of gardening leave from Accenture. Tony's been around the block a few times, taking on roles at Swift, GSTPA, Bolero, Reuters, Deutsche Bourse, and SmartStream, before pitching up at Accenture as UK regional sales director and associate partner of data m...
28 November 2007 /wholesale Where are they now?
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