CMA blocks FNZ-GBST merger over competition concerns
UK regulator worried merger may prevent new entrants scaling up in the UK.
GBST
FNZ-GBST merger under scrutiny from UK’s competition watchdog
CMA says the combination of two major players could squeeze out smaller firms.
Top fintech stories this week – 2 August 2019
FNZ acquires GBST, LSE to buy Refinitiv, and more!
FNZ acquires GBST after £150m deal
Its third acquisition in a month.
CMB Wing Lung Bank live with new custody banking tech from GBST
CMB Wing Lung Bank is live with a new back-office solution for its custody business, GBST’s Syn~Ops Custody.
Aegon Cofunds to oust IFDS and its tech
Pension, insurance and investment management firm Aegon has embarked on a large technology project with a number of specialist tech providers – to move the acquired Cofunds business from the International Financial Data Services (IFDS) platform.
Deutsche Bank feels the fourth on GBST Syn system in Australia
Securities processing software vendor GBST has migrated the back and middle-office operations of Deutsche Bank from the legacy GBST Shares platform to GBST Syn for processing the bank’s equity market trades in Australia. This is GBST’s fourth live Syn installation in the country. Other users are Macquarie Bank, Citi Australia and brokerage and investment firm […]
Haitong International continues roll-out of GBST’s Syn middle office system
Haitong International Securities Group has gone live with the second stage of the middle office revamp. The underlying tech is the Syn capital markets platform, provided by GBST, an Australia-based securities processing software vendor. Haitong signed for Syn last year and reported the first go-live in November. It has adopted the Syn platform as it […]
Facing up to the Financial Transaction Tax
A European financial transaction tax on equities and derivatives trades could be damaging for European liquidity levels and the City of London, but it also looks set to impose serious operational challenges for banks, brokers and their buy-side clients following the failure of a UK appeal to the European Court of Justice earlier this year.
Final hurdle: rising to the operational challenge of transaction taxes
One may speculate that with Chancellor Angela Merkel’s Christian Democratic party having secured a quite remarkable third term in office, the last in a long line of potential hurdles for the advocates of a Financial Transaction Tax (FTT) in Europe has been overcome
Six to supply data for GBST financial transaction tax system
GBST‘s Capital Markets and Six Financial Information have teamed up to enhance GBST´s solution for the Financial Transaction Tax that some European countries are introducing.
