Wilco International announced today that it had upgraded its CHESS Adapter, which provides connectivity with the Australian Stock Exchange (ASX) clearing and settlement service CHESS (Clearing House Electronic Subregister System). Since acquiring the CHESS Adapter as part of the SUMMIT
ADP Brokerage Services Group (ADP) announced today that it has made an additional equity investment in Xtiva Financial Systems. The funds will be used to further enhance Xtiva's existing products via line extensions as well as develop new applications specifically
As expected, Reuters today launched Reuters Messaging. The company describes it as "a reliable, high security, high speed instant messaging service developed specifically for the global financial services industry." It adds that around 1,100 companies in 84 countries have already
Trace Datawise Financial Limited, a wholly owned subsidiary of Trace Group plc, has announced Orderbook, a new automated order execution management system for use by investment management companies. This routes orders to settlement systems electronically, reconciles the transactions and provides
Four European banks will spend in excess of €2 bn on information technology (IT) in 2002. Deutsche Bank will top the list with €3.1 bn, while UBS and HSBC will spend €2.8 bn each, and ABN Amro will spend €2.3
Citisoft and The Rowan Group today announced that they had merged. The merged companies create a global professional services focused on the investment management sector. The expansion will enable Citisoft to increase the breadth of its global services, enhancing localised
Reuters announced today that UBS Warburg has deployed Reuters Market Data System and the Reuters Internet Finance Platform as part of an initiative to cut market data costs in its FX and Cash Collateral Trading (CCT) business. RMDS unites components
SunGard eProcess Intelligence announced today that a Swiss bank, Bank Wegelin & Co. Privatbankiers, had selected its intelliMATCH solution for automatic processing, matching and reconciliation of cash nostro accounts, trades and holdings, and FX and money market confirmations. "The bank
Omgeo, the virtual matching utility, says Financial Technologies (India) Limited (FTIL), a provider of exchange trading solutions for the Indian securities market, has joined its global STP Partners Program. This agreement will link FTIL's STP framework, the FT e.Cosystem™ with
Sun Microsystems announced at Sibos today that its entry level servers will be pre loaded with FIX software, enabling buy side and sell side firms to communicate in the FIX messaging protocol without additional expenditure on software. The FIX solutions