SunGard Financial Networks, an operating group of SunGard, and Visual Trader Systems, the technology subsidiary of the Madrid Stock Exchange, have signed an agreement to develop an interface between the SunGard Transaction Network (STN), and Visual Trader, the Bolsa de Madrid network. This will allow equity orders and associated messages to be routed seamlessly between brokers and their counterparties on both networks. The agreement also allows each party to market the facility to their individual customers. The SunGard Transaction Network (STN) is a connected community of financial services institutions, comprising SunGard customers and other market participants. It is a virtual network connecting the processes in the financial services marketplace, linking asset managers with brokers, brokers with exchanges, exchanges with banks, and banks with settlement agents and custodians.
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.