Market Infrastructure

ESF Members Vow to Battle On

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

EuroCCP Goes Live at Nasdaq Europe

EuroCCP, the central counterparty (CCP) built and owned by The Depository Trust and Clearing Corporation (DTCC) for the Nasdaq Europe trading platform, went live today. EuroCCP will provide netting and clearing services to trades executed in both US and European

Clearstream Decision Expected Shortly

An official response by Clearstream to the rivals bid from Deutsche Borse and Euroclear is expected on Friday, when the Clearstream board is scheduled to meet. The nature of the response is impossible to predict, but a Clearstream spokesman points

Radianz Selected To Expand Cognotec's Foreign-Exchange Service

Radianz announced it has signed a three year multimillion dollar contract to provide Internet Protocol (IP) extranet services to Cognotec. Cognotec, a provider of foreign exchange and money market trading solutions, will use Radianz's global financial extranet, RadianzNet, to connect

Is Western Europe Ready For U.S.-Style Credit Cards?

European and U.S. financial institutions hoping to unlock the potential for U.S. style revolving credit cards in Western Europe will continue to face significant cultural, legislative and technological challenges. New research from TowerGroup's Consumer Credit service finds that though Western

First Ever Desktop To Desktop E-Payments

The New York Clearing House announced a major initiative that will provide the first Internet enabled global payments infrastructure needed to support true B2B e commerce. The new functionality will enhance the capabilities of the Clearing House's two core payment

Axion4gstp Invites To A Live TFM Demonstration

GSTPA axion4 will be giving a live demonstration of the long awaited Transcation Flow Monitor (TFM) at the SWIFT offices in Park Avenue, New York, on Tuesday 27 November. The demonsration, which will be compered by outgoing CEO Steve Crosby,

Hong Kong Futures Exchange Selects RadianzNet

Hong Kong Futures Exchange Limited (HKFE) selected Radianz's global financial extranet RadianzNet to connect the Hong Kong Futures Automated Trading System (HKATS), to financial professionals in the United States, United Kingdom and other countries worldwide. HKFE is said to benefit

SWIFT Appoints Executive To Head New Business Development

SWIFT appointed Johan Kestens as Head of New Business Development and Member of the Executive Committee, effective December 3, 2001. He will also be lead executive for the SWIFT Board's "e" Committee. Kestens comes to SWIFT from Almanij, one of