Market Infrastructure

Eurex Turns Over 44 Million Contracts in December 2001

Eurex, the international derivatives exchange, announced that it closed out the year 2001 with a record volume of more than 674 contracts traded. Eurex topped the previous year's total by 48 percent and further expanded its position as the world's

SWIFT Worried by Travails of Global Crossing

Global Crossing, the global telecommunications company to which SWIFT out sourced network services earlier this year, is reported to be in "crisis talks" with its bankers to avert bankruptcy. "Obviously, it is of concern to us," says a SWIFT spokesman,

Morgan Claims to Have Converted Clients to ISO 15022

JP Morgan Investor Services has announced that it has converted several prominent asset managers to the new Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging standards as of November, 2001. This is part of the larger initiative to meet the

Euro MTS to Choose CCP Provider By Christmas

EuroMTS is close to choosing between London Clearing House (LCH) and Clearnet as its Central Counter Party (CCP) service provider, and a decision is expected by Christmas. The Italian born fixed income trading platform has learnt the lesson of the

Euroclear To Build Link with Hong Kong Debt Depository

The Euroclear strategy of establishing direct links with market utilities took another step forward today with the news that investors in Hong Kong will in future be able to hold and settle securities in Euroclear via a real time link

HKMA to Establish Direct Link with Euroclear

The Hong Kong Monetary Authority (HKMA) and Euroclear announced their agreement to develop a direct link between the HKMA's Central Moneymarkets Unit (CMU) and the Brussels based international central securities depository. This fully automated, real time link will enable investors

The LSE, LCH and Euroclear Deal: Who Benefits?

Euroclear has honoured its promise to switch strategic focus from Clearstream to building relationships with other European trading platforms, CSDs and CCPs. Considered cynically, the Brussels based ICSD rushed out news today it had agreed with the London Stock Exchange

MacGregor Joins Ranks of GSTP Message Concentrators

Macgregor, a supplier of FIX based trade order management systems to the buy side, has become the seventeenth company to sign up as a message concentrator to the GSTP AG virtual matching utility. It will help existing broker dealing and

LSE to Develop Trade Settlement at Euroclear Cleared by LCH

The London Stock Exchange, London Clearing House (LCH) and Euroclear today announced their joint agreement to develop straight through settlement in Euroclear for London Stock Exchange trades cleared by LCH. The three organisations will be consulting with customers and users

SWIFT Sustains Its Assault on the Front Office

Following the rapprochement with the FIX Protocol Limited in July this year, SWIFT has moved quickly to consolidate its bridgehead in the front office. Today, it announced that a FIX hub messaging solution will be piloted by ten broker dealers