Eurobase International – a leading supplier of insurance underwriting software and IT services to the financial market place – has acquired the business of Tantus PLC including its treasury dealing systems (TDS) and a new leading-edge, Java-based treasury system suitable for banks and corporates, known as Siena. As part of the change of ownership this product has been renamed ESL-Tantus. Tantus has specialised exclusively in treasury risk management and dealer support solutions since its formation in 1978. Its systems support real-time foreign exchange, derivative and money-market trading and are used in trading rooms world-wide.
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.