Market Infrastructure

Clearstream End Contractual Relationship with Lussi

Clearstream International announces today that it has reached an agreement with its long term former President and CEO, Andr Lussi, which gives both parties the opportunity to end the contractual relationship. Clearstream International and Mr. Lussi have both agreed not

Pacific Exchange Selects Radianz's Financial Extranet

Radianz's Internet Protocol (IP) based global financial extranet, RadianzNet, will be used to connect financial institutions to Pacific Exchange's (PCX) electronic trading system. PCX's 500 plus members will be able to use RadianzNet to securely access PCX's POETS system. POETS

Euronext Strikes Deal with SWIFT

Euronext has chosen SWIFT as the distribution network for both its trading platform and its CCP services. The pan European exchange and the Brussels based messaging network announced today that SWIFT members can access its trading and clearing technology through

Euroclear Switches Its Focus From Clearstream

In the wake of the decision by the Clearstream Board late on Friday to pursue discussions with Deutsche Borse only, Euroclear has decided to turn its attention elsewhere. "It is now clear that Clearstream is not interested in having any

Clearstream For Cedel's Negotiations with Deutsche Börse

Clearstream International's Board of Directors announces that following its meeting of today, it is recommending to Cedel International to enter into exclusive discussions with Deutsche Brse AG with a view to reaching an agreement on an appropriate price and other

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