By Matt Scuffham (Reuters) - After another lacklustre quarter for bond trading, most Wall Street banks are moving faster to adopt new technology to improve results, but analysts say the winners of the race must grow market share to combat shrinking margins. Most posted revenue declines in that business during the third quarter from a year earlier, with only Citigroup Inc <C.N> reporting notable gains. The worst performers were Goldman Sachs Group Inc <GS.N> and JPMorgan Chase & Co <JP.N>, which each reported 10 percent falls. Bond trading revenue began fading in 2010 as the huge relief rally that followed the 2007-2009 financial crisis dissipated. Experts said bond revenue at big banks is down 30 percent since then. Historically low interest rates and tougher regulations made some products more costly to trade and restricted proprietary trading and other activities. Experts said banks can improve bond trading results by automating more functions, speeding up and … [Read more...] about Wall Street banks eye technology to combat bond trading weakness
Technology
Diet-tracking apps and wearables part of NHS ‘technology vision’
News / UK and world by Press Association October 17, 2018, 3:49 pm FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter People should be able to stay healthy and active using wearables and diet-tracking apps in co-ordination with their GP, according to a document setting out a vision for a tech revolution in the NHS. Meanwhile, those with long-term conditions should have access to a suite of supportive apps to meet their needs, according to the Department of Health and Social Care’s “technology vision”. The document describes how technology across the health and care sectors “don’t talk to each other, fail frequently and do not follow modern cyber security practices”. “As a result, some people are getting suboptimal care, staff are frustrated and money could be saved and released for the front line,” the authors wrote. They describe how just being able to use mainstream products and services would … [Read more...] about Diet-tracking apps and wearables part of NHS ‘technology vision’
VN, Finland sign MoU on science, technology, innovation
Photo: VGP/Thu Cuc At the ceremony, Minister of Science and Technology Chu Ngoc Anh highly spoke of the Finish Minister's visit to Viet Nam in the context that the EU-Viet Nam Free Trade Agreement will be signed and come into effect in the upcoming time. The agreement will create more cooperative opportunities for their businesses, he said, adding that the cooperation in research, technology and innovation is the key to turning opportunities and potential into reality, bringing benefits for their businesses and people. The signing of the MoU is the joint efforts of both sides in opening a new chapter in the two nations’ relations in science, technology and innovation, asserted Mr. Anh. The two sides’ institutes, universities and enterprises will have more opportunities to participate in technology transfer and research and development projects and commercialization of research outcomes on the basis of mutual … [Read more...] about VN, Finland sign MoU on science, technology, innovation
X-IO Technologies sells data storage business to focus on edge computing
X-IO Technologies, a Colorado Springs company, is selling its data storage business to a California company and will change its name to Axellio after its new line of edge computing devices become its focus.The transaction with San Jose, Calif.-based Violin Systems is expected to be completed within a month. About 30 of X-IO’s 50 employees and independent contractors will work for Violin from a building the companies will share in Colorado Springs, X-IO CEO Bill Miller said Monday. Terms of the deal were not disclosed, but Miller said the proceeds will take care of Axellio’s financial needs for the near term, though the firm might seek more financing for growth.Axellio “is more of a startup and just starting to take off. It made sense to incubate in X-IO, but now it makes more sense to separate the two,” Miller said.“I have been looking for options for the data storage business for a while. I have known (Violin Systems CEO) Mark (Lewis) for 20 years, and … [Read more...] about X-IO Technologies sells data storage business to focus on edge computing
US stock indexes fall further as technology slump continues
Marley Jay, Ap Markets Writer Updated 7:20 am PDT, Monday, October 15, 2018 FILE- In this Oct. 11, 2018, file photo trader Michael Milano works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Oct. 15. FILE- In this Oct. 11, 2018, file photo trader Michael Milano works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Oct. 15. Photo: Richard Drew, AP Photo: Richard Drew, AP Image 1 of / 1 Caption Close Image 1 of 1 FILE- In this Oct. 11, 2018, file photo trader Michael Milano works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Oct. 15. FILE- In this Oct. 11, 2018, file photo trader Michael Milano works on the floor of the New York Stock Exchange. The U.S. stock … [Read more...] about US stock indexes fall further as technology slump continues