On August 1, the dormant system started multiplying stock trades by 1,000, according to Bloomberg. Knight’s staff looked through eight sets of software before determining what happened, it is claimed.
Pershing has brought its successful practice management programme to the UK, enhancing the services offered to wealth management and financial planning clients and reinforcing its partnership approach to clients' business growth.
InterAction aggregates and de-duplicates client data such as client profiles, financial information, notes and activities to provide a 360 degree view on clients. This insight helps firms to identify the complex connections among people, companies, relati
The service, which is established in the US, includes business ‘health checks’, presentations from Pershing executives and external speakers, group discussions and information on new Pershing services.
Adjusted diluted earnings per share (a non-GAAP measure defined in note 4 to the attached Condensed Consolidated Financial Information) in the second quarter of 2012 was $0.33 per share compared to $0.26 per share in the second quarter of 2011, an increas
Alior Bank’s traders will use Valdi’s trading tools for managing their WSE order flow, including Valdi Selector for risk management and Valdi Program Trader for basket trading and index arbitrage capabilities.
Banks are using computer systems that are “unfit for purpose” and as a result have little idea what is going on inside their own businesses, according to a new in-depth report on the technological problems facing the industry.