Reuters announced that it has entered into a strategic agreement with Lehman Brothers, a leading global investment bank, to utilise Reuters technology and content worldwide for its e-commerce applications, messaging middleware, trading system infrastructure, and trading desktop solutions. The three-year multi-million deal includes the installation of 1,500 positions of Reuters 3000 Xtra, Reuters flagship information product, in Lehman offices around the world. In addition to the 3000 Xtra desktop application, Lehman will use Reuters TIB/ActiveEnterprise architecture in all its trading rooms. As part of the agreement, Lehman will make extensive use of Reuters consulting services to integrate a wide range of its business information applications, including trading, risk management, settlement and proprietary real-time systems.
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.