The announcement that IBERCLEAR, the Spanish CSD, is moving on to the same settlement calendar as the TARGET payments system between European central banks, is not on the face of it particularly exciting news. However, it is more significant than
The Japan Securities Dealers Association (JSDA) is planning to restructure itself into a NASD NASDAQ style organisation, in which a self regulatory arm is separated from promotional and trading activities. The self regulatory arm will be responsible for formulating market
The Osaka Securities Exchange (OSE) has filed an IPO application with the Financial Services Agency (FSA), the Japanese banking regulator. It has also released details of its plan to merge its Hercules market with JASDAQ, the OT market operated by
Nasdaq has offered to merge with the New York Stock Exchange (NYSE), according to a report in the Wall Street Journal yesterday. The report says that Nasdaq's chief executive, Robert Greifeld, approached the NYSE three weeks ago, but that no
After receiving a rude letter from the US Commodity Futures Trading Commission (CFTC), The Clearing Corporation and Eurex Clearing yesterday issued a statement clarifying exactly when their Global Clearing Link will go live. In a joint statement, the two CCPs
The Indonesian Central Securities Depository (KSEI) and the Indonesian Clearing and Guarantee Corporation (KPEI) the depository and CCP for the Indonesian securities markets today completed a live test of their disaster recovery site with local custodian banks and brokerage houses.
SSISearch Ltd, a provider of reference data to the foreign exchange markets, has created a global directory of authenticated reference data for fund managers, corporate treasury departments and other trading entities. SSISearch claims that its Global Directory removes one of
Based on the preliminary year end figures for 2003 which include an estimate for the last five trading days of the year a total volume of Euros 3.4 trillion was traded on the German stock exchanges in 2003 (2002 Euros
Eurex says 2003 was a record year in terms of turnover. Based on the preliminary figures, which include an estimate for the last six exchange trading days of the year, a total of 1.012 billion contracts have been traded and
Cable & Wireless, the international telecommunications group, has formed Real Time Nostro (RTN) User Group. The User Group, which will be chaired by Richard Pattinson, Senior Director of Settlement Strategy and Systemic Risk at Barclays, aims to facilitate the exchange