Market Infrastructure

SWIFT Plugs Foreign Investors Into the NYSE

SWIFT today announced that the SWIFTNet FIX messaging solution will connect to the New York Stock Exchange (NYSE), giving investors around the globe direct access to trade stocks in the world's leading equities market using the FIX industry standard. The

Not Global Crossing: Savvis Saved With Cash Injection

One telecommunications provider reckons it has avoided the fate of Global Crossing. SAVVIS Communications, a global network service provider which lists Royal Bank of Scotland, Reuters and Garband among its clients, has secured equity financing of $158 million to reduce

Global Crossing Chiefs to Testify

SimCorp joins Omgeo STP Partner Program Omgeo, the DTCC Thomson virtual matching utility, has signed up Simco as one of the "partner" vendors it hopes will help it tie more fund managers, broker dealers and custodians into its solution than

SimCorp joins Omgeo STP Partner Program

SimCorp joins Omgeo STP Partner Program Omgeo, the DTCC Thomson virtual matching utility, has signed up Simco as one of the "partner" vendors it hopes will help it tie more fund managers, broker dealers and custodians into its solution than

Omiris Networks Strikes Deal with Archipelago

FIX enabled Omiris Networks announced today the signing of an agreement with Archipelago, a leading American ECN. The agreement will provide Omiris members with direct fully electronic connectivity to the Archipelago ECN. The partnership strengthens Omiris Networks' capability to offer

Covisint Defies Death of Dot Com Platforms

Zurich Scudder's Mutual Fund Business Moves to Chicago Zurich Scudder Investments plans to cut staff and move its U.S. mutual fund business from Boston to Chicago, according to Bloomberg. The report indicated that some account managers and support operations staff

Congress Checks Global Crossing for Enronitis

Zurich Scudder's Mutual Fund Business Moves to Chicago Zurich Scudder Investments plans to cut staff and move its U.S. mutual fund business from Boston to Chicago, according to Bloomberg. The report indicated that some account managers and support operations staff

EPN Grabs Higher Market Share

The Electronic Payments Network (EPN) announced that its market share of originated ACH (automated clearing house) payments has increased from five percent to twenty two percent during the last twelve months, and the total transaction volume originated and received by