UK card fraud records a fall
(Mar 10, 2010)

According to the figures released by UK Cards Association, UK card fraud fell 28 percent or GBP 170 million (USD 254.3 million converted on 03/11/10) between 2008...

SunGard identifies transparency, efficiency and networks as top three trends for 2010
(Mar 10, 2010)

SunGard has identified three business challenges that the financial industry will be facing in 2010: delivering transparency, increasing efficiency and leveraging...

Cyber criminals successful in attacking the U.S. SMB bank accounts
(Mar 10, 2010)

According to research by Guardian Analytics and Ponemon Institute, the US banking industry is failing to protect its small business customers from a wave of cyberfraud...

Hedge fund managers prefer US dollar for currency investment
(Mar 9, 2010)

According to the February TrimTabs/BarclayHedge Currency Survey of Hedge Fund Managers, most of the hedge fund managers have US Dollar as their favorite currency....

FSA waiting for market recovery to tighten quantitative standards
(Mar 9, 2010)

The UK's Financial Services Authority (FSA) is waiting for the economy to become stable so that it can tighten quantitative standards after that. The industry regulator...

A slight increase expected in global IT expenditure, says Ovum
(Mar 9, 2010)

Industry analyst group Ovum expects a slight increase in the global IT expenditure this year for the first time after the global economic downturn. One third of the...

CME Group acquires 1.9 percent stake in Mexico's exchange operator
(Mar 9, 2010)

CME Group Inc. has bought a 1.9 percent stake in Mexico's stock exchange operator that will help it to expand the reach of its derivatives trading platform. CME Group,...

LSE sells nine percent stake in Turquoise to three banks
(Mar 8, 2010)

The London Stock Exchange (LSE) has sold nine percent of its 60 percent stake in the merged Turquoise and Baikal businesses to JP Morgan Cazenove, Nomura and Barclays....

29West partners Exegy for a new offering in market data distribution
(Mar 8, 2010)

29West has teamed up with Exegy to provide a new offering in market data distribution. 29West provides high-performance, low-latency messaging solutions whereas Exegy...

AIG to sell its Alico unit to MetLife for USD 15.5 billion
(Mar 8, 2010)

MetLife Inc. will be buying AIG's foreign life insurance unit, American Life Insurance Co (Alico) for about USD 15.5 billion, which will help AIG to raise funds to...

StreamBase teams up with Gain Capital for FX HFT algo trading offering
(Mar 8, 2010)

Streambase Systems partners Gain Capital to provide a complete solution to their mutual clients, which will help them in deploying FX high-frequency trading algorithms....

Tullett Prebon to acquire OTC Valuations for expanding into valuations services
(Mar 5, 2010)

Interdealer broker Tullett Prebon is to acquire OTC Valuations for an initial consideration of USD 0.6 million, which will enable it to expand its market data business...

Large number of UK firms yet to be certified as PCI DSS compliant, says survey
(Mar 5, 2010)

Tripwire commissioned a research, according to which a large number of UK firms have yet to be certified as PCI DSS compliant. Redshift Research conducted the survey...

Hexaware teams up with eBaoTech to strengthen insurance capabilities
(Mar 5, 2010)

Hexaware Technologies has formed a global alliance with eBaoTech to implement and maintain eBaoTech products for insurers in North America, UK, European Union and...

Eurozone not at risk because of Greek financial crisis, says CISI
(Mar 4, 2010)

The Chartered Institute for Securities and Investment (CISI) conducted a survey to find out the impact of the Greek financial crisis in Eurozone. 79 percent of the...

EC calls on banks and regulators to discuss CDS legislation
(Mar 4, 2010)

The European Commission (EC) has invited banks and regulators to discuss the new regulations surrounding credit default swaps (CDS). This discussion will focus on...

TradingScreen's functionality integrates with FMO
(Mar 4, 2010)

TradingScreen will integrate its global order routing and advance execution management functionality with FMO, the online Portfolio Management System for global hedge...

Clients moving from big brokerages to independent wealth management shops
(Mar 3, 2010)

According to a survey by online brokerage firm Charles Schwab Corp., the big national brokerages are losing their clients to independent wealth management shops....

Data quality and consistency a key focus area for buy- and sell-side firms
(Mar 3, 2010)

According to a survey of 100 buy- and sell-side firms conducted by Thomson Reuters and Lepus, 77 percent and above respondents wish to increase spending on projects...

NetDeposit partners Mitek on mobile deposit offering
(Mar 3, 2010)

NetDeposit has formed a partnership with Mitek Systems to provide mobile deposit capabilities to its financial institutions customers. NetDeposit is a provider of...

Major dealers put up some regulatory priorities for the OTC derivatives markets
(Mar 3, 2010)

14 major dealers have outlined some steps that will cut risks and improve post-trade automation and transparency in the over-the-counter (OTC) derivatives markets....