- Reuters and Credit Suisse take largest share of acclaim
Financial News, the leading provider of news, analysis and comment on the European Investment Banking, Securities and Fund Management industry, today announced the winners of the 2006 Financial News Awards for Excellence in IT. Winners, which included industry-leading organisations such as Bloomberg, Credit Suisse, Morgan Stanley, Reuters, Thomson Financial and The London Stock Exchange, were honoured at a black tie event held at Merchant Taylor's Hall in the City of London.
The awards, which recognise technology innovation in the finance industry across a range of categories, and were sponsored by Accenture, Microsoft and James Harvard Financial Recruitment, take place on an annual basis. This year's biggest winners were Credit Suisse, which was awarded Best Personal Contribution for Tom Sanzone, CIO, Best Algorithmic Trading Service, and Best Regulatory Driven Initiative; and Reuters, which won awards for Best Data Solution and Best Trading Venue in the Foreign Exchange category and a joint award with Thomson Financial for Best Data Solution in the Equities category.
Last year's biggest winner, Morgan Stanley, received two awards this year, for Best IT Department of the Year in the Sellside category and Best Back Office Solution. Bloomberg also received two awards, taking home accolades for Best Data Solution in the Fixed Income category and Best Trading Venue in the Bond category.
Other winners included Markit Group, Eurex and Barclays Global Investors.
Luke Jeffs, European Trading & Technology Editor, Financial News says:
"We are proud to be able to recognise the innovative achievements of these leading organisations. Their work demonstrates the impact the creative use of IT can have in promoting efficiency in the financial markets - a goal toward which all financial services companies should aim. It's been a great pleasure to be able to highlight and celebrate these accomplishments."