New York Attorney General Eliot Spitzer is preparing to sue former New York Stock Exchange chairman Dick Grasso and the NYSE board which approved Grasso's controversial pay package, according to a report in the Wall Street Journal. The story, citing
The Kuala Lumpur Stock Exchange is to introduce a new trading platform by the end of 2004, as part of its efforts to upgrade its trading and settlement systems. The new trading platform will cover equities as well as derivatives,
NewEuroMTS, the market for euro denominated government securities of the May 2004 European Union (EU) Accession States, today announced that the Republic of Lithuania has become the third issuer to have its bonds included in the market. Republic of Lithuania
Fortis Bank has agreed a three year contract with Radianz to supply connectivity to buy side clients. In a joint announcement, Fortis Bank said it had selected Radianz's infrastructure because it specialises in financial services transactions, and provides efficient and
The international derivatives market Eurex traded 81 million contracts in February and recorded year on year growth of around 10 percent (February 2003 73.7 million contracts). On average, approximately four million contracts were traded and cleared each day. In the
On 6 February 2004, the turnover in number of traded derivatives contracts at Stockholmsbrsen reached an all time high. The number of traded contracts was 1 499 765, to be compared to the previous all time high of 1 068
The Japanese CSD, JASDEC, says the dematerialization of corporate bonds will start on 10 January 2006. The date was approved at a meeting of the Board of Directors held on Friday. Corporate, utilities, municipal and Samurai bonds are all affected.
The order book statistics, which are based on single counting of all transactions in the order book of Xetra and broker supported trading on the floor, show that a total of 84.7 billion euros in equities volume was traded on
The Singapore CSD, the Central Depository of Singapore (CDP), is migrating to a new processing platform on 15 March. It will facilitate real time transfers of securities in selected transactions. At the moment, transfers are effected through an end of
Financial Models Company Inc. (FMC), the Toronto based technology company, says it has launched FMCNet2, the upgraded version of its trade matching service. The company, which has migrated 35 of the 118 investment managers using its network to FMCNet2, is