Does anyone have an opinion on how much difference (increase share price / value) any new business annocements at the current SIBOS show should have on this stock. I am trying to access if I should hang on to what I have, buy more now or sell out in case the price has peaked.

Just found this news for anyone who is interested http://uk.biz.yahoo.com/031020/80/ebm97.html


C&W fires up online international banking system
LONDON, Oct 20 (Reuters) - British telecoms group Cable and Wireless Plc started an online international bank payments service on Monday and said it had signed up two more banks to provide data.

The Real Time Nostro (RTN) system, based on software developed by Britain's Gresham Computing (LSE: GHT.L - news) , is just the latest measure to reduce payment and settlement risk for banks.

Shares in Gresham climbed two percent to 444 pence, having touched a new record high in early trade, while C&W rose three percent to 132-1/4 pence -- its highest for almost a year.

To mark the launch of RTN in Singapore, C&W said Bangkok Bank and Canada's RBC Global Services had agreed to provide data for the service, while Dresdner Kleinwort Wasserstein will trial it.

Four other banks -- ANZ Bank , Barclays Plc (LSE: BARC.L - news - msgs) , JPMorgan Chase & Co. and Mizuho Corporate Bank -- agreed to provide data for RTN in May.

Nostro accounts are typically foreign currency accounts kept to facilitate fund clearing for correspondent banks. They can be used for all types of payments, including commercial and trade payments, money market transactions, and securities settlements.

"Understanding our Nostro positions on a real-time basis is key and we hope Cable & Wireless (LSE: CW.L - news - msgs) ' new solution and centralised approach in this area will provide us with even greater efficiency," Nigel Whitehouse, global head of operations at Dresdner, said in a statement.

C&W cited estimates that up to 17 percent of transactions are unmatched every day because of administrative errors.

RTN will complement other initiatives to improve transparency, such as the creation of CLS Bank.

After five years in the works, CLS was launched one year ago to provide a live link between central bank payment systems in the world's main financial centres, cutting delays of up to two days which occur in conventional foreign exchange settlement.

Concern about payment risk in the currency markets was highlighted by the confusion that followed the attacks on New York on September 11, 2001.