Radianz has been selected to provide networking that supports the Financial Information eXchange (FIX) protocol to Fortis Investments. Under a three-year contract, Radianz will connect major sell-side brokerages around the world to a new FIX-based system that Fortis Investments uses to transmit investment orders to its brokers. Radianz will supply the networking using its global financial extranet, RadianzNet. RadianzNet was designed specifically for financial use and supports the messaging standards, such as FIX, that are used throughout the financial industry. Radianz also announced that P. Howard Edelstein will assume the role of president and CEO after Doug Gilstrap resigns, effective August 15, 2003. Edelstein joins Radianz from E.M. Warburg Pincus & Company, Inc. where he served as ‘entrepreneur in residence’.
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.