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City IT professionals offered training for second Big Bang

IT professionals in the City of London are being offered training in the computer systems that will be ushered in by the City’s second Big Bang.

Every investment bank and stock exchange in Europe will be seeking IT professionals to help make major changes to key systems in advance of the European Union’s Markets in Financial Instruments Directive (Mifid), which comes into force on 1 November this year.

Those with IT experience in capital markets will be in demand by financial services companies seeking to introduce pre and post-trade information-sharing systems.

Mifid thinktank JWG-IT will run courses teaching those affectedhow business processes will change under the new regulations. JWG-IT is running the courses in partnership with Eukleia Training.

The thinktank’s CEO, PJ Di Giammarino, said, “Working with Eukleia means that we can leverage our material and expertise and deliver it to the market in new ways.”

On 22 January, a consortium of nine investment banks announced that it had selected an IT supplier to build a pan-European information sharing platform for Mifid.
 

See also BOAT project or type http://www.boat-project.com/

See also Project Turquoise or type http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/01/22/cnturq22.xml
 

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