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Paul Penrose

Paul Penrose Head of Research at Finextra

Ice, ice baby

Icap broker Johnny Black and fintech headhunter Chris Mike have posted a video of their charity striptease at Bank tube station on video-sharing Web site YouTube. As it’s all in aid of a good cause we’ve posted the x-rated vid on Finextra. Just click on the link below and watch grown men cavort to the sounds of Vanilla Ice as innocent bystanders...

/wholesale Video extravaganza

Paul Penrose

Paul Penrose Head of Research at Finextra

Reuters to take on MySpace

Reuters is working on plans to develop a professional networking service for fund managers, traders and analysts. Pitching the project to Guardian journalists as a “version of MySpace for the financial services community”, Reuters’ Web 2.0-bedazzled CEO Tom Glocer adds: "It won't have the latest hot videos and the 'why I am into Metallica an...

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Paul Penrose

Paul Penrose Head of Research at Finextra

City gents to bare all at Bank tube station

Icap broker Johnny Black and fintech headhunter Chris Mike are going to extreme lengths to publicise their forthcoming charity race to the North Pole. The two City gents have formed Team Bearing 360 North to compete in the 400-mile race and raise vital funds for Orchid, a male cancer charity dedicated to fighting prostate and testicular cancer. T...

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Paul Penrose

Paul Penrose Head of Research at Finextra

Baptism of fire for Reg NMS

As leading FTSE shares post triple-digital losses in London this morning, the markets await with trepidation the response from Wall Street. The continuing slide in stocks in London follows further reverses in the Dow on Friday afternoon and another hammering for the Asian markets this am. The market wobble couldn’t have come at a worse time for U...

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Paul Penrose

Paul Penrose Head of Research at Finextra

Floor Traders 1 Computers 0

Nice to see the legacy human interface saving the day for Nyse after Tuesday’s run on stocks sent the Big Board’s fancy new electronic trading system into a tailspin. Capacity constraints forced the Nyse to shut down its automated trading system after a meltdown in Chinese share prices prompted a global panic that so upset the Dow Jones index calc...

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John Doyle

John Doyle Director at The Payments Business

SWIFT Matters

I have read several articles in the financial press recently that so obviously regurgitate old press clippings. This laziness on the part of journalists leads to some regular and common inaccuracies, but none more so than the myth that abounds that SWIFT was ‘co-founded’ by Bessel Kok and a couple of friends! Why am I bothered you could ask, well...

/payments /wholesale SWIFT Matters

Paul Penrose

Paul Penrose Head of Research at Finextra

Breaking the CrackBerry habit

Addled BlackBerry users looking to indulge their inclinations or control their CrackBerry habits now have a Website on which to find both a fix and a cure. CrackBerry.com offers help forums, beginner’s guides, downloads, an accessory store, and social networking features. The site is also updated daily with news, reviews and celebrity Blackberry ...

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John Cant

John Cant Managing Director at MPI Europe Ltd

Simplicity brings better Compliance

At MPIE we recently provided input to a whitepaper from NetApp - a leading unified storage solutions supplier - on compliance trends and how to reduce the risk and costs of their impact. I will leave you to judge the specific merits of the NetApp solution, but the general principles are clear. By understanding and designing for the wider complianc...

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Paul Penrose

Paul Penrose Head of Research at Finextra

Y2K-redux

It’s déjà vu all over again. An imminent early switch to daylight savings time in the US is raising fears of a Y2K-style disruption to date-sensitive computer applications. And the problems could extend far beyond US shores. Thanks to a new law aimed at saving energy, daylight savings time in the US will start three weeks earlier on 11 March and en...

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Paul Penrose

Paul Penrose Head of Research at Finextra

Clearing the way for more consolidation

All eyes on Deutsche Börse and Italy’s Monte Titoli after rival exchange Euronext divested itself of all but five per cent of its holding in clearing and settlement agent LCH.Clearnet (LCH.Clearnet to buy out Euronext). European investment banks and lawmakers in Brussels have been pushing Europe’s exchanges to cut their ties to post-trade clearin...

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