Reuters acquired Diagram fip SA for £42.6 million in cash (Euro 66.9 million) from Caravelle, a French holding company. Diagram’s products will be integrated with Reuters trade and risk management solutions, using Active Enterprise technology supplied by Tibco Software Inc. Already Reuters and Diagram have provided integrated solutions using Kondor+, Reuters risk product for the front offices of financial institutions. Integrated solutions meet the strong demand for Straight Through Processing and Operational Risk Management in the capital markets which link all stages of a transaction from pre-trade analytics and deal capture to clearing, settlement and accounting.
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.