Operations

Logicscope, NCI Enter STP Pact

LONDON-Post-trade technology vendors Logicscope and NCI have entered into an agreement to integrate elements of both vendors' platforms to release a trade notification solution to end-user clients of banks, brokers and trading platforms.

Industry Unfazed by BlackBerry Outage

WATERLOO, ONTARIO-For the second time in 10 months, BlackBerry users experienced a partial service outage as Internet service was disrupted during the afternoon of Feb. 11.

Pandemic Exercise Yields Middling Results

NEW YORK-The majority of U.S. financial services industry members could do more to prepare for an influenza pandemic, according to the after-action report on a three-week pandemic preparedness exercise, which was sponsored by industry participants and…

HKMA: Clean Up IT Problem Reporting

HONG KONG-The recent findings of the Hong Kong Monetary Authority's (HKMA's) annual audit of authorized institutions' (AIs') IT systems reveal inadequacies in reporting, risk assessment and rectification of IT problems, according to regulatory officials…

Swift Fix for STP?

LONDON-Industry messaging cooperative Swift is in talks with FIX Protocol Limited (FPL) to advance interoperability between the messaging standards operated by the two bodies.

TradeWeb, Omgeo Form STP Alliance

NEW YORK-Electronic fixed-income-trading network Thomson TradeWeb and post-trade, pre-settlement utility Omgeo plan to improve the straight-through processing (STP) of fixed-income instruments through a strategic alliance, officials from both firms…

Bloomberg, Swift to Offer FX STP

NEW YORK-To address the schism that exists between the front, middle and back offices in processing foreign exchange (FX) trades, Bloomberg is teaming up with industry messaging cooperative Swift, DWT has learned.

Wall Street Passes Pandemic Test

NEW YORK—The U.S. securities industry’s emergency preparedness has paid off, according to preliminary results of a three-week influenza pandemic test sponsored jointly by U.S. regulators and financial firms.

London Banks Take Tube Strike in Stride

LONDON—Investment banks in the City of London and Canary Wharf were largely unaffected by a transit strike in London last week, as several banks instructed employees to work remotely if travel to their offices was too difficult.

City of London Prepared for Potential Deluge

LONDON—As the U.K. experiences its worst flooding in 60 years, financial firms in the City of London and Canary Wharf aren't in harm's way, but they say they are prepared for the possibility of a flood.

The middle way

Tony Swei of Tradar looks at the benefits and potential pitfalls for hedge funds that have decided to outsourcing certain middle-office functions including accounting

There's No Place Like Home

That technology and infrastructure outsourcing has staked permanent ground on the buy side is no longer disputable. Depending on particular managers' circumstances, the business model proves either essential to keep operations viable or the best option…

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