Tradition Chooses Azul Zing to Increase Predictability and Lower Latency Across its Trading Platforms
- 10 years 4 months ago
Azul Systems, the award-winning leader in Java runtime solutions, today announced thatZing®, Azul’s Java Virtual Machine (JVM) designed for systems that require consistent low latency and high throughput, will be integrated intoTradition’s high performance trading platforms.
With SAS® Model Risk Management, banks gain clarity on risk models
- 10 years 4 months ago
- Risk Management
Banks continue to juggle growing demands to aggregate and analyse risks, stress test overall balance sheets, and assess the capital adequacy and variety of performance and regulatory measures. Since performance depends on many complex models, banks must develop and demonstrate a robust risk model governance strategy to regulators. Failure to actively manage business and regulatory models can expose banks to uncertainty and possibly lead to...
SYNNEX Corporation to Participate in the GTDC Investor Conference
- 10 years 4 months ago
- CRM
SYNNEX Corporation (NYSE: SNX), a leading business process services company, announced today its plans to participate in the Global Technology Distribution Council (GTDC) Investor Conference at the New York Stock Exchange in New York.
Summit Payment Services Forges a Partnership with ONPEX to Expand into New Markets
- 10 years 4 months ago
- Online Banking
ONPEX, The Online Payment Exchange, has announced a new partnership with Bank Frick, a leading Liechtenstein private bank and their payment unit; Summit Payment Services. Summit Payment Services provides secure online payment solutions and acquiring services to European merchants through Bank Frick. The main focus of the company is on general e-commerce in various sectors and geographical locations.
EquiLend’s Next Generation Trading Platform Goes Live
- 10 years 4 months ago
EquiLend successfully rolled out its Next Generation Trading (NGT) securities finance trading platform on Monday, April 27. The platform is now live, with clients from around the world already having executed trades on the platform.
Columbia Bank, New Jersey’s Largest Mutual Bank, Selects DNA from Fiserv to Scale with Growth
- 10 years 4 months ago
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Columbia Bank, based in Fair Lawn, New Jersey, has selected the DNA(TM) account processing platform and more than 20 additional Fiserv solutions to accelerate its growth. The $4.7 billion asset bank will use the Fiserv platform to increase efficiency and expand relationships with its retail and commercial customers.
Interactive Data’s Continuous Evaluated Pricing to be Published on MarketAxess’ Electronic Credit Trading Platform
- 10 years 4 months ago
Interactive Data, a leading provider of fixed-income evaluated pricing, announced that its continuous evaluated pricing is now available on the MarketAxess BondTicker™ data platform, and will soon also be available on MarketAxess’ award-winning electronic credit trading platform, in support of all-to-all Open Trading™.
ITG Unveils Dark List Algorithm
- 10 years 4 months ago
ITG (NYSE:ITG), a leading execution broker and research provider, today announced the launch of the ITG Dark List Algorithm, a next-generation algorithm which brings ITG's unique dark trading capacity to portfolio traders. Using a proprietary optimization technique, the algorithm is able to efficiently trade a list in POSIT Marketplace® and POSIT Alert® without creating cash imbalances or over-trading liquid names.
MasterCard to acquire APT for $600 Million
- 10 years 4 months ago
- M&A Deals
MasterCard today announced that it has entered into an agreement to acquire Applied Predictive Technologies (APT) for $600 million, subject to customary purchase price adjustments. Applied Predictive Technologies is a leading cloud-based analytics provider. APT’s Test & Learn® platform helps companies tailor investments and maximize bottom-line impact by harnessing analytics to design, measure and calibrate marketing, merchandising,...
Industry survey reveals 80% of market participants believe T+2 will become global settlement cycle
- 10 years 4 months ago
- Risk Management
A comprehensive study published by Omgeo, a wholly owned subsidiary of The Depository Trust & Clearing Corporation (DTCC) and the global standard for institutional post-trade efficiency, reveals that 80% of respondents believe T+2 will become the global standard for settlement cycles within 10 years.
Capita launches new flexible payment service to benefit small and medium sized enterprises
- 10 years 4 months ago
Capita announces today it has launched Pay360, a new simple and flexible customer payment service, allowing any size of organisation to take card payments how and where they choose. The service is designed to make taking payments simple and easy and works with all face-to-face, online and telephone payment channels to help businesses improve cash flow, enhance customer service and strengthen their proposition; ultimately increasing their...
REMIT survey finds data collection risk is the key issue
- 10 years 4 months ago
- Data
Trayport today announced the results of its latest market participant survey. The survey was sent to over 50 companies including small and large trading firms and some of the industry's largest utilities.
Capgemini to acquire IGATE
- 10 years 4 months ago
- M&A Deals
Capgemini and IGATE today announced that they have entered into a definitive merger agreement under which Capgemini will acquire IGATE for a cash consideration of $48 per share. The transaction will amount to $4.0 billion and is expected to be immediately accretive to Capgemini’s normalised Earnings Per Share (EPS)[1].
Tunis International Bank goes live on ICS Banks core system
- 10 years 4 months ago
- Banking
Tunis International Bank (TIB), the first bank established in Tunisia under the non-resident banking regulations and a member of Burgan Banking Group, the regional banking arm of Kuwait Projects Co. (KIPCO), went live on ICS BANKS® from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions.
Fidelity Life Association Selects Concentrix as Third Party Administrator
- 10 years 4 months ago
- M&A Deals
To enable faster product development, greater process automation and higher-quality interactions with its North American insurance clients, Fidelity Life Association (fidelitylife.com) has selected Concentrix Corporation, a wholly owned subsidiary ofSYNNEX Corporation (NYSE: SNX), to process insurance claims and
