BATS software failure behind IPO cancellation
BATS Global Markets cancelled its eagerly awaited stock market listing on Friday, and has blamed a serious failure in its IPO software for the problem.
BATS Global Markets cancelled its eagerly awaited stock market listing on Friday, and has blamed a serious failure in its IPO software for the problem.
A unit of Rupert Murdoch's News Corporation allegedly cracked the smartcard codes of ONdigital in a bid to undermine the company's success, according to claims aired on BBC's Panorama programme.
Goldman Sachs, which has traditionally traded bonds with desk-based traders, is reportedly considering rolling out electronic trading systems for the products.
Chancellor George Osborne insisted in today's Budget that the UK will become "Europe's technology centre".
Chancellor George Osborne will announce the Budget at 12.30, and IT businesses are calling for useful tax breaks and good national infrastructure, with support for small enterprises.
The Metropolitan Police's control room IT is so outdated that the force was unable to see the latest situation on the ground during last summer's riots.
The London Stock Exchange - which today announced it was taking a 60 percent controlling stake in clearing firm LCH.Clearnet, for £386 million - is expecting to draw on its larger scale for improved IT purchasing.
Thomson Reuters has made a major upgrade to its market feeds by adding analysis of content from social media sites.
Citigroup is planning to use an IBM Watson supercomputer to drive better analytics.
JP Morgan Chase is overhauling business processes, improving product development and slashing the costs of trading, as part of a major IT initiative.
Financial messaging network SWIFT is set to offer cloud-based connectivity, from this year.
The FBI has said it is closely watching social media sites, including Facebook and Twitter, as well as the Skype chat service, in order to catch <a href="http://www.computerworlduk.com/news/it-business/3338135/goldman-sachs-it-analyst-caught-up-in-major-investigation/">insider traders</a>.
Deutsche Borse has vowed to penalise traders who excessively use algorithms to fire orders into the exchange, while not completing a large number.
Vodafone and Visa have established a partnership to offer mobile payments.
O2 has switched on London's first 4G network, in a trial running until June.