Fundtech has signed a definitive agreement to acquire Radius Partners, a provider of straight through processing (STP) solutions to the global securities industry, located in Pembroke, Massachusetts. By acquiring Radius Partners, Fundtech adds domain knowledge and management depth in the securities processing arena. Fundtech recently announced its entry into this market segment. The two companies have been collaborating on the development of TRADEplus, a software solution aimed at achieving real time Delivery versus Payment (DVP) in post-trade securities processing. With TRADEplus, financial market participants integrate trade execution, trade allocation, matching, account/settlement instruction and settlement notification processes into a single, automated 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.