financial services

SunGard Buys Chinese Trading Systems Supplier Fudan Kingstar

In a sign that the maturing of the Chinese financial markets is creating new opportunities for Western technology suppliers, SunGard Data Systems of Wayne, Pa. has acquired Shanghai-based Fudan Kingstar Computer Co. SunGard, which did not disclose the purchase price, said Kingstar’s management team would remain in place. The financial technology giant described Kingstar as […]

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NYSE, 3 Others Buying Stakes in India Exchange; SGX in the Wings

The parent of the New York Stock Exchange and three other investors said last week that they will each buy 5 percent, $115 million equity stakes in the National Stock Exchange (NSE) of India, that country’s largest exchange and the third-largest in the world in terms of equity trades. The agreement came on the heels

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Chinese Carriers Expect Onslaught

Article originally published in Insurance Networking News. Chinese insurance companies were bracing for an onslaught by global competitors last month when a commitment to the World Trade Organization dictated opening the borders to foreign competition. “Almost all insurance business is opening to foreign insurers,” says Xiaolin Li, a dean at Beijing-based Central University of Finance

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Back-End Authentication Moves to Forefront

User authentication has been getting a lot of attention lately, what with lingering threats of identity theft, a U.S. regulatory initiative to have banks and other depository institutions raise their level of customer validation technology, and the Securities and Exchange Commission looking closely at how the brokerage industry is handling the issue. The technological solutions

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Brokers on Hold

The China Securities Regulatory Commission (CSRC) has said that it will issue no new licenses to brokerages set up as joint ventures with foreign firms until the country’s market reforms are completed. In a Sept. 13 statement, the agency gave no indication of when the ban will be lifted. New branches and subsidiaries of domestic

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Brokers vs. Exchanges

The U.S. pattern of stock-exchange consolidation, which has recently spawned a flurry of new investments by market participants in alternative or smaller trading venues, is repeating itself on two continents. Just as NYSE Group and Nasdaq Stock Market are integrating acquisitions and looking to Europe for expansion while competition is stirring at home, new industry-backed

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Weak legislation hindering China’s securitization market

The number of Chinese securitization projects has almost doubled this spring. The sudden burst of activity brought the total number of securities industry securitization projects up to seven – but lagging legislation is hindering the growth of this market in the securities industry. In the banking industry last year, two of China’s biggest banks –

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Blogging for Alpha

The more crowded and competitive the hedge fund industry gets, the more difficult it is for fund managers to set themselves apart from competitors. The above-average returns that might come from developing unique, technology-based trading strategies are harder to come by. Curiously, one answer to this problem may come from a technology that in a

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Standard Chartered claims first “true” loan securitization

The China Construction Bank privatization project, recently approved by the Chinese government, may become the first true loan securitization in China. As the sole advisor, Standard Chartered gains both experience and credibility in the marketplace, building on an existing track record in the country. Headed by Warren Lee, the Standard Chartered team working on the

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