Market Infrastructure

Market Awaits Outcome of Clearstream Board Meeting

The crucial decision to be made at the Clearstream board meeting today is whether it clears the way for formal talks with Euroclear. So it was not surprising that Euroclear raised the value of its offer for the Luxembourg based

SunGard Completes Trade Test Scenarios with GSTPA TFM

SunGard Business Integration, an operating unit of SunGard announced the successful completion of full trade test scenarios with the GSTPA's Transaction Flow Manager (TFM) for both U.S. and U.K. equity scenarios, held during October. The scenarios comprised the full TFM

Euroclear Goes Direct in Austria

In a taste of things to come, Euroclear has decided to sidestep the gatekeeper to the CSD in Austria. It has ended its contract with Bank Austria Creditanstalt and will from December 10 interact directly with the Austrian CSD, Oesterreichische

BBH Launches Its Latest FX E-Commerce Product

Brown Brothers Harriman (BBH) Foreign Exchange has released one of its latest e commerce tools FX ORDERView an electronic limit order management system designed to help clients streamline the limit order process and track the status of limit orders in

T+1 Conference At Toronto Stock Exchange

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

ESF Members Vow to Battle On

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

EuroCCP Goes Live at Nasdaq Europe

EuroCCP, the central counterparty (CCP) built and owned by The Depository Trust and Clearing Corporation (DTCC) for the Nasdaq Europe trading platform, went live today. EuroCCP will provide netting and clearing services to trades executed in both US and European

Clearstream Decision Expected Shortly

An official response by Clearstream to the rivals bid from Deutsche Borse and Euroclear is expected on Friday, when the Clearstream board is scheduled to meet. The nature of the response is impossible to predict, but a Clearstream spokesman points

Radianz Selected To Expand Cognotec's Foreign-Exchange Service

Radianz announced it has signed a three year multimillion dollar contract to provide Internet Protocol (IP) extranet services to Cognotec. Cognotec, a provider of foreign exchange and money market trading solutions, will use Radianz's global financial extranet, RadianzNet, to connect

Is Western Europe Ready For U.S.-Style Credit Cards?

European and U.S. financial institutions hoping to unlock the potential for U.S. style revolving credit cards in Western Europe will continue to face significant cultural, legislative and technological challenges. New research from TowerGroup's Consumer Credit service finds that though Western