J.P. Morgan announced plans to launch Cygnifi, an independent derivatives services company that will offer products primarily through use of the Internet and other electronic commerce vehicles. The range of products provided by the new company will include market and credit risk applications, independent valuations, portfolio stress testing, counterparty exposure simulations, and related risk management services. Cygnifi has launched a web site at www.cygnifi.com. Cygnifi is forming strategic partnerships with Sybase, Inc. a provider of web-based, integrated software solutions and applications; NumeriX Corporation, a derivatives analytics company; and Bridge Information Systems, a provider of global financial information and news, transaction services, and network services.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.