Landesbank Baden-Wuerttemberg (LBBW) has signed a contract with Reuters to implement its equity and equity derivatives trading tool for use in 40 terminals across its sales, execution and proprietary trading divisions. The platform, Reuters Order Management for Exchange Execution (ROMEX), builds on the bank’s use of Reuters 3000 Xtra and its risk solution, Kondor+. LBBW will install ROMEX in several stages, starting in the fourth quarter of this year. Initially, ROMEX will be set up for trading equities and derivatives on Xetra and EUREX. ROMEX will map the internal order and workflow as well as the efficient electronic link-up with customers per ROR (Reuters Order Routing Service) and FIX (Financial Exchange Protocol). The ROMEX solution can be expanded to accommodate LBBW’s future growth plans as it increases its international business, connecting to additional stock exchanges or linking up with international trading partners.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
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.