Troubles continue to mount for Global Crossing, with news today that Computer Sciences Corporation (CSC) was terminating its information technology (IT) outsourcing agreement with Global Crossing. The $400 million deal, announced on November 8 last year but yet to be
Deutsche Brse AG announced that its Supervisory Board approved the terms of an offer to be made for the acquisition of Cedel International S.A. and its 50 percent ownership in Clearstream International S.A. Deutsche Brse made the announcement following the
KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different
Copenhagen is the latest Nordic stock exchange to take Computershare's SMARTS as the basis for its market surveillance. The deal strengthens Computershare's relationship with exchanges around the world, and marks a firm commitment to market surveillance in the NOREX countries.
By its own estimation, Euroclear had an "exceptional" or "outstanding" year in 2001. And the figures published today by the Brussels based clearing house certainly bear out this claim. The value of securities transactions settled soared by 37 per cent
Confidence in Global Crossing, the telecommunications company to which SWIFT out sourced its network provision last year, took another dive today with news that Asia Global Crossing had postponed release of its 2001 earnings data another week to February 26.
Undeterred by the embarrassment Global Crossing caused SWIFT by plunging into Chapter 11, JP Morgan Chase has signed up Qwest Communications to provide its worldwide operations with secure telecommunications services. Qwest's network services will enable JPMorgan Chase to use data
Anybody who thought investment bankers were at the forefront of calls for greater efficiency in European securities trading, clearing and settlement has not read a recently updated survey of published by IT consultants Charteris. Far from wishing to see the
Trading volumes across the London Stock Exchange's markets continued to grow in January, with a 7 per cent increase in total trading volumes, compared with the same month in 2001. The number of average daily trades in UK and international
Instinet Group Incorporated announced net income for the 12 months ended December 31, 2001 of $144.8 million, or $0.63 per share, compared to $148.2 million, or $0.72 per share, in 2000. For the fourth quarter of 2001, net income was