Wells Fargo Bank

The FRTB Shuffle

Banks are preparing for FRTB and vendors are pushing the industry to figure out an infrastructure strategy to deal with it.

Opening Cross: When Collaboration Isn’t a Crime

Perhaps it’s because summer is now officially here and everyone wants to go skipping hand-in-hand through sun-drenched meadows, or that FISD’s Tom Davin is the latest inductee into the Inside Market Data Hall of Fame, or perhaps there’s another dynamic…

Goldman-Led Consortium Unveils Symphony Communication Services

In what's seen as an effort to compete with the likes of Bloomberg, Thomson Reuters and Markit, Goldman Sachs and 13 other industry partners have invested in a new company called Symphony Communication Services Holdings, after it acquired Perzo Inc.,…

Top Banks, Hedge Funds Buy Perzo Messaging Platform for $66M

A consortium of 14 major financial firms has acquired Palo Alto, Calif.-based messaging platform provider Perzo and renamed it Symphony with a $66 million investment to provide an open-source, secure and compliant messaging platform for financial…

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