NEWS

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Alternative Investment Group chooses SS&C Fund Services

Banking Technology - 05 November 2009

Alternative Investment Group has appointed SS&C Fund Services to handle the fund administration and accounting for its funds of hedge...

Cable and Wireless to demerge

Banking Technology - 05 November 2009

Cable and Wireless intends to separate into its two businesses, Worldwide and CWI. This separation is expected to be effected...

Deutsche Postbank selects SunGard's Adaptiv

Banking Technology - 04 November 2009

Deutsche Postbank has selected SunGard's Adaptiv Risk Cube system to help it build an internal model for market risk and...

LCH.Clearnet and EMCF interoperability on hold as regulators examine proposals

Banking Technology - 03 November 2009

Interoperability projects between central counterparties have reportedly been put on hold, as regulators have failed to give their approval for...

National Bank of Greece extends commitment to Algorithmics and Systemic

Banking Technology - 03 November 2009

National Bank of Greece has selected Algorithmics' operational risk system, Algo OpVar, to meet its operational risk management requirements. ...

State Street to service $2.2 billion for Saskatchewan Teachers' Federation

Banking Technology - 03 November 2009

State Street Corporation has been appointed by the Saskatchewan Teachers' Federation to provide a range of investment services for CAD...

HSBC announces 1700 job cuts

Banking Technology - 03 November 2009

HSBC is restructuring in parts of the UK retail bank which will result in the loss of 1700 jobs over...

ConvergEx to build block trading system for Mahogany Partners

Banking Technology - 03 November 2009

ConvergEx has been selected by Mahogany Partners, a consortium of independent NYSE broker-dealers, to build a full line of advanced...

Saxo Bank acquires a 40 per cent stake in Initto

Banking Technology - 02 November 2009

Saxo Bank has acquired a 40 per cent stake in Initto. The company has around 200 employees based mainly in...

Markit buys ClearPar for combined loan processing platform

Banking Technology - 02 November 2009

FIS has signed an agreement to sell its ClearPar automated syndicated loan trade settlement business to Markit. In addition, FIS'...