Wall Street Systems (WSS) has updated its treasury and capital markets solution with Release 4.1. The update incorporates major functional developments for front office sales and trading activities, new risk management capabilities and further enhancements to its back office functionality, said the company. Release 4.1 supports Oracle 9i, HP Integrity, Solaris 9 and Linux, while new software control and maintenance systems have also been included. The company has also gone live with a collateral management module. The solution is intended to allow banks to extend their trading relationships with customers and to trade with institutions that would not necessarily meet the criteria for a credit line, said the company.
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.