Today brings news that the global private equity firm Warburg Pincus has aquired two of the biggest players in the treasury, FX and global back-office systems space and plans to combine them under one roof to create a powerhouse technology offering.

Wall Street Systems and Trema will be combined and operate under the name Wall Street Systems. The company will be run by executives from both companies in addition to executives formerly of Thompson Market Information and Moneyline Telerate.

What this says to me is that there is no end in sight for the continual consolidation of finacial technology services and everyone is a candidate to be a player. We’ve seen exchanges, sell side firms and now private equity funds.

In the end the technology landscape for Wall St. is undergoing similar changes to the Telecom industry in the late 90’s. It will be interesting to see how long this lasts and how quickly small innovaters will be to come up with more niche technology to feed the Street.

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CNet’s News.com has some reporting on promises from Steve Balmer to push Microsoft to release updates and revisions to Windows on a more regular schedule.

Does anyone see the irony in this? Balmer’s promises were an attempt to please Wall Street analysts. And what business sector is slowest to upgrade its desktop OS installations? Wall Street of course.

Excuse me, I just got a new email I have to read, gotta go spend some quality time with MS Outlook 2000.

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