Market Infrastructure

SWIFT Says It Still Believes in the GSTPA

As confidence in the viability of the virtual matching utility (VMU) owned by GSTP AG continues to erode, SWIFT has stepped in to shore it up. Earlier today the Brussels based messaging network which believes its role as a supplier

SuperMontage Will Kill ECNs Predicts Celent

A Celent Communications report published today Nasdaq SuperMontage Will ECNs Survive? predicts that ECNs not participating in SuperMontage will see their market share evaporate. In recent years, ECNs have come to account for a over third of trading volumes on

CFTC Gives Eurex Easier Access to the US Market

Eurexis now offering futures on the Dow Jones STOXX 600 SM Banks and Dow Jones Euro STOXX SM Banks indices in the United States. The U.S. regulatory agency Commodity Futures Trading Commission (CFTC) issued the appropriate "no action letter" to

JPMorgan To Offer Tradecard Functionality

JPMorgan Treasury Services, a unit of JPMorgan Chase (NYSE JPM) and a leader in global payment, trade finance and treasury services management, today announced that it would be the first financial institution to offer a white label version of the

Atkin Goes as Instinet Feels the Competitive Heat

Brennan Succeeds Bolsover at Baring Asset Management Baring Asset Management, a unit of ING Group, has appointed David Brennan chairman and chief executive, effective July 1.Brennan has been with the company for 14 years and has been chief executive of

DTCC and CME Go Live Friday With Cross-Margining Service

Today the Government Securities Clearing Corporation (GSCC), the bond clearing and settlement arm of the Depository Trust and Clearing Corporation (DTCC), offered a closer glimpse at the nirvana of the collateral management industry cross margining. It announced that cross margining

DTCC Hire Confirms Insurance Industry Ambitions

The Depository Trust & Clearing Corporation (DTCC) announced today that John C. Ziambras has joined its Insurance Services group as vice president of sales. Ziambras comes to DTCC from Prudential Select Brokerage, a division of the Prudential Insurance Company of