German commercial bank West LB is to close its trading operations in London as it transfers more of its business to Düsseldorf. The decision to cut costs has already led to two senior departures at the bank.
Reuters has paid $41 million for Application Networks, a risk management software specialist.
Three dealers – ABN Amro, JP Morgan and UBS – have uploaded a sample of historical swaps trading data to SwapsWire in London as part of a pilot project for resolving mismatches.
Users of Misys Summit FT now have a real-time link to the Depository Trust & Clearing Corporation’s Deriv/SERV matching and confirmation service for over-the-counter derivatives. Misys Summit is a cross-asset trade booking and straight-through processing...
Banc of America Securities has started trading on TradeWeb’s electronic government bond trading platform in Europe.