National Securities Clearing Corporation (NSCC) and the Fixed Income Clearing Corporation (FICC) say they will support an interface between their Real Time Trade Matching (RTTM) system and the National Association of Securities Dealers' (NASD) Trade Reporting and Compliance Engine (TRACE)
The Clearing Corporation (CCorp) yesterday said it had entered into an agreement in principle with The Options Clearing Corporation (OCC) to provide futures post trade execution services for OCC. The agreement supports futures trading on futures markets that are affiliated
FlexTrade Systems, an equity trading and order management system, announced that Sanford C. Bernstein & Co., LLC has installed FlexTRADER at the firm's program trading desk. FlexTRADER offers portfolio trading functionality and quantitative analytics. "To build a sizable institutional business
FXall, online foreign exchange trading platform, says Barclays Capital, BNP Paribas and CSFB will use its prime brokerage messaging srvice. Ten banks now support FXall for prime brokerage. "We are excited that FXall is solving the problem of brokerage messaging
Eurex turned over 93 million contracts in October. Compared with October 2002 (86.5 million contracts), volume increased 7.5 percent. From January to October 2003, the derivatives platform turned over 874 million contracts, about 28 per cent higher than the number
TradeWeb, the online fixed income trading platform, says Danish and Swedish government bonds traded successfully on the system for the first time last week. On its first day of trading on 28 October, TradeWeb received trade enquiries exceeding 2 billion
Eurex, the world's largest derivatives exchange, announced the approval by shareholders of a corporate restructuring plan for The Clearing Corporation. The decision allows The Clearing Corporation to clear trades for its U.S. regulated and U.S. based exchange, Eurex US. It
Euroclear is to launch a new service for Singapore Government Securities (SGS) early in 2004. The Brussels based ICSD says the move completes Euroclear's coverage of Singaporean securities, which already encompasses corporate debt, equities, warrants and investment funds. Launch of
The Bank of New York has announced its plan to integrate Lockwood Financial Services, Inc. into Pershing, creating one of the largest providers of managed account programs with client assets totaling nearly $18 billion. Pershing, which was acquired by The
The London Stock Exchange has announced the signing of an agreement with Clearnet to provide the central counterparty for its full, bespoke equity trading service in Dutch securities. The service, which is based on SETS, the Exchange's electronic order book,