Articles about Financial Sector

Would you spend $300m to save 6ms?

Blog How much is getting trades done 6 milliseconds quicker worth? About $300m, as it turns out. A new transatlantic fibre cable promises to reduce the languid 65-milliseconds it take to transmit a trade between London and New York time to a quicker 59ms. Traders are expected to line up to use the new service and pay extra for the …
Dan Olds, 12 Oct 2011
channel

Oracle assures financiers they're not that important after all

Oracle comforted distraught investment bankers yesterday by delivering better-than-expected first quarter profits and pointing out it really doesn’t do that much business in the financial services sector. The database giant turned in revenues up 18 per cent to $5.3bn for the quarter ending August 31, producing a net profit of …
Joe Fay, 19 Sep 2008
IBM

IBM throws arms around ILOG

IBM is buying French software maker ILOG for €215m ($340m). The tech giant said today the deal is part of IBM’s strategy to beef up business process management and service-oriented architecture technologies. The offer price represents a premium of about 56 per cent compared with ILOG’s one month average closing share price …
Kelly Fiveash, 28 Jul 2008

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