UK organisations unprepared for EU financial instruments directive

07 December 2017

There are now less than 30 days to go before the legislation comes into force with tough financial penalties for non-compliance.

There are now less than 30 days to go before the legislation comes into force with tough financial penalties for non-compliance.

The Markets in Financial Instruments Directive (MiFID II) comes into force on 3 January 2018, but 39 per cent of UK financial organisations are unaware whether their organisation is compliant or not, says new research.

MiFID II is EU legislation that regulates firms who provide services to clients linked to ‘financial instruments’ and the venues where those instruments are traded.

Part of the directive states that firms will be obliged to record all communications that are intended to result in a transaction.

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Pholio aims to take on global cloud services with AI-powered device for image search and storage

03 November 2017

The basic device can manage collections of up to 140,000 images.

The basic device can manage collections of up to 140,000 images.

A London-based startup firm says it has condensed the power of cloud based visual search technology to the size of a book.

Developed in partnership with the University of Oxford, it’s claimed the Pholio device can safely store or enable access to a user’s photos and videos in one place, and allows an “incredible” level of search.

The company says that thanks to mobiles, more content is being created than ever before. According to estimates, it says a 1.2 trillion photographs will be taken this year, double the number taken four years ago.  

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Virtus plans London’s largest data centre campus

31 October 2017

Artwork showing LONDON5 and LONDON6 which will be built on an eight-acre site in West London.

Artwork showing LONDON5 and LONDON6 which will be built on an eight-acre site in West London.

Virtus Data Centres has announced plans for two new adjacent facilities near Stockley Park, West London.

It’s claimed the new site will create the capital’s largest data centre campus.

The two buildings will be built on an eight-acre site covering 34,475m2.

Known as LONDON5 and LONDON6, Virtus says they will provide an additional 17,000 net technical metres of IT space.

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Volta and root6 partner to power media industry

31 October 2017

root6 needed a super resilient data centre close to Soho – Volta says its facility in Great Sutton Street has a history of zero outages.

root6 needed a super resilient data centre close to Soho – Volta says its facility in Great Sutton Street has a history of zero outages.

Volta and root6 have teamed-up to offer support to the film, post-production and new media communities in central London.

Soho-based root6 is a specialist supplier of AV technology solutions and managed services to clients such as the BBC, ITV, FOX International Channels, amongst many others.

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