Reuters, in recent years a near broken company, may be on the road to recovery. It shares gained 18 per cent to a 20 month high after reporting annual profits that well exceeded market expectations. The news and electronic information
Recent comments made by Chairman of the White House Council of Economic Advisers regarding the shift in jobs from the American service sector to countries that provide cheaper labour have met with hostile responses from members of both the Democrat
CityCompass, the independent facilitator of contemporary market issues affecting the financial services sector, has announced that the Financial Services Industry leading Information vendors will join the benchmarking of Corporate Action vendors. End users will be able to measure their in
GL TRADE became the first independent software vendor to offer connectivity to the Tokyo Commodities Exchange (TOCOM) after the exchange decided last November to allow it. It now has seven brokerage firms trading commodities on the Japanese market through its
COR Financial Solutions says its Salerio e2e application has secured a SWIFTReady Gold label for its financial Enterprise Application Integration (EAI) capabilities. "We appreciate and recognise the enthusiasm and professionalism shown by COR STPS to obtain the Financial EAI label
SunGard says Fortis Bank has bought intelliMATCH and intelliTRACS to centralize and automate its reconciliation and exception management. SunGard says the banks has chosen intelliMATCH and intelliTRACS "After a long selection process, we chose intelliMATCH and intelliTRACS from SunGard based
Charles River today announced that U.S. Bancorp Asset Management has selected Charles River IMS to support its equity, fixed income, and private asset management operations replacing systems from Linedata, Thomson Financial, and a proprietary fixed income application. Implementation began in
Sophis says HSH Nordbank, a German bank, has selected RISQUE to support its derivatives business. HSH Nordbank, formed in June 2003 through the merger of the Landesbanken in Kiel and Hamburg, will at first use the system as their equity
Risk management software firm Raft International says that Barclays Capital has selected its raft radar solution to assist in managing operational risk and compliance with the Basel II and Sarbanes Oxley regulatory requirements. Barclays Capital will initially implement four raft
According to a new study of the competitive landscape in the Western European financial services sector by market intelligence experts IDC, IT providers are increasingly "verticalizing their go to market strategies to better position their offerings in the attractive financial