Technology

OM ASP Service Attracts Broker-Dealers

OM announced today that BB&T Capital Markets and Galway Securities Corporation have contracted with the company to deliver institutional order management services via OM's ASP service. The Swedish trading and transaction technology company says the deal "underscores the continuing trend

WestLB Outsources to ADP and ADP Wilco

ADP Brokerage Services Group (ADP) announced today that WestLB AG had signed a long term outsourcing agreement to use ADP OMR's TradeThru ASP solution for their treasury processing in London . The intention is to expand the agreement" to other

Societe Generale Outsources Payments Processing to Aleri

Aleri, the vector based data processing technology firm, says Societe Generale (SG) has enlarged its relationship with the firm to include outsourcing payments transactions management for its London, Frankfurt and Madrid operations. Aleri is able to handle the project because

Trace Datawise Launches STP Solution for IFAs

Trace Datawise Financial Limited says IFAs should take a look at its Orderbook technology, which routes orders for funds to settlement systems electronically, reconciles the transactions and then provides comprehensive management reporting. Orderbook, built originally for a major global fund

SunGard Says intelliTRAN is SWIFTNet Compliant

SunGard eProcess Intelligence announced today that its new Customer Service solution is among the first vendor solutions to be awarded the latest certification from SWIFT for SWIFTNet Ready. intelliTRAN Customer Service provides global correspondent banks, clearing firms, treasury operations, and

Celent Predicts $12 Billion Market For Basle II Solutions By 2005

Celent Communications predicts that global expenditure on operational risk management initiatives could hit $12 billion by 2005. The prediction appears in "Basle II A False Sense of Security?" a new report from Celent which reckons operational risk weightings are by

Wall Street Systems To Unveil CLS and Basle II Solutions

Wall Street Systems, a provider of treasury and capital markets software, will present the latest enhancements to its treasury engine at Sibos this week. The new functionality has been designed to help financial institutions take advantage of new regulatory requirements