SunGard Financial Networks, an operating group of SunGard, has acquired the assets of Prescient Markets, Inc., a New York based technology company that supports the short-term debt markets. SunGard had previously acquired a minority interest in Prescient Markets from Bridge Information Systems in July 2001. The acquisition, the terms of which have not been disclosed, is not expected to have a material impact on SunGard’s financial results. Prescient Market’s products and services include: cpmarket.com, a Web site for commercial paper trading allowing real-time transaction capability directly between issuers and institutional investors; and Prescient Funding Desk, a subscription based solution for short-term debt issuers to manage the entire short-term funding process.
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.