The Clearing Corporation (CCorp) and Eurex Clearing have finalised how their Global Clearing Link will work. The link aims to give customers a choice of clearing through Eurex Clearing and CCorp for US Dollar and Euro denominated products traded on
OM HEX has set up an SEK 2.1 billion multi currency revolving credit facility with a syndicate of banks led by SEB Merchant Banking. OMHEX was recently assigned an A+ long term rating by Standard & Poor's. The credit facility
On January 2, 2004, Eurex, in close coordination with HEX Integrated Markets, will reduce transaction fees for Finnish equity options traded at Eurex. The goal is to enhance the attractiveness of exchange trading in these products and to draw additional
According to an analysis of the Croatian banking industry by Bank Austria Creditanstalt (BA CA), Croatia's banking industry is now, four years after the 1999 banking crisis, in good shape. With adequate capital resources, banks are operating profitably as efficiency
Clearstream says its Vestima mutual fund processing platform is now achieving average STP rates of 91 per cent for mutual fund managers, transfer agents and fund distributors connected through it. Transaction volumes also rose by 166 per cent during 2003,
BNP Paribas has announced its plans to join forces with Exane in the equity brokerage arena in order to create an ambitious player in the European equities market under the name Exane BNP Paribas. BNP Paribas and Exane's partnership structure
OneChicago says it traded 243,198 contracts on Tuesday, approximately doubling the previous Exchange wide daily volume record of 123,600 contracts traded on 10 September. The top five security futures products by volume were Honeywell International Inc. (HON1C) with 13,293 contracts
Singapore Technologies Telemedia (ST Telemedia) and Global Crossing said yesterday that they had finalised a deal by which ST Telemedia will invest $250 million in Global Crossing for a 61.5 percent equity share of the company. This allows Global Crossing
The Osaka Securities Exchange (OSE) is talking to the Japan Securities Dealers Association (JSDA) about melding its Hercules trading platform (formerly NASDAQ Japan) with the JASDAQ OTC market to create a heavyweight challenger to the Tokyo Stock Exchange (TSE). Although
FutureTrade Technologies and Radianz have reached an agreement that enables FutureTrade to use RadianzNet, for connectivity to electronic communications networks (ECNs) and to its clients. FutureTrade's trading tools aim to help institutional and hedge fund users to react more quickly