Rabo Securities, the equity investment bank of Rabobank Group plans to implement SunGard’s Front Arena for equity trading, order management and exchange connectivity. Front Arena will replace the bank’s existing in-house system to help enable the integration of the bank’s wholesale and retail order flow, with connectivity to multiple execution venues including exchanges, brokerage networks and customers. Rabo Securities will also take advantage of Front Arena’s smart order routing, rules-based order interception, basket trading and internalisation functions. In addition, Dallas-based Southwest Securities, a principal subsidiary of the SWS Group, has chosen SunGard’s WealthStation, a web-based workstation that helps financial advisors manage the various assets of high-net-worth investors. Southwest Securities will implement WealthStation in an ASP environment for its diversified group of financial advisors, independent representatives, and correspondent brokers.
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.