Wall Street Systems up for sale

Technology vendor Wall Street Systems is up for sale after US private equity firm Warburg Pincus, which acquired the vendor in 2006, undertook a tender process in late 2010 to gauge market interest in its holding. Wall Street Systems declined to comment.

Global FX Division establishes FXPB

The Global FX Division (GFXD) of AFME/SIFMA/ASIFMA announced the formation of a working group to focus specifically on the challenges and issues surrounding global FX prime brokerage (FXPB) and to implement over-the-counter FX clearing for clients.

Nomura builds out with smartTrade

Nomura went live with smartTrade Technologies’ liquidity management system (LMS) in November for its electronic FX trading business, with plans to scale the technology across other asset classes.

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