Daimler Chrysler CEO Juergen Schrempp has become the second New York Stock Exchange (NYSE) board member to resign following the resignation of NYSE chairman Richard Grasso. On Saturday, a spokesman for the German automaker confirmed a weekend German newspaper report
SWX Swiss Exchange and the two ICSDs, SIS SegaInterSettle and Clearstream, have hatched a plan to simplify the cross-border settlement of German mortgage bonds traded at SWX Swiss Exchange.
The London Stock Exchange (LSE) is modifying its opposition to the merger between London Clearing House (LCH) and Clearnet, the CCP owned by rivals Euronext, under the influence of new chairman Chris Gibson-Smith. Or so claims a report in today's Financial Times.
The number of trades on SETS™, the London Stock Exchange's electronic order book, increased to 2.35 million in August 2003, 15 per cent higher than the 2.03 million trades in August 2002. The value traded on SETS during the month
Eurex is to take a 15 per cent stake in The Clearing Corporation, the CCP for the Chicago Board of Trade and the largest futures clearing agent in the United States, at a cost of $15 million. The remaining 85 per cent will be retained by the existing shareholders.
Strong Financial Corporation says it has signed a multi year contract with PFPC that will extend a 15 year investment services relationship between the two firms that primarily covers transfer agency services. The final terms of the agreement are still
BISYS has announced that it will service the 401(k) plans previously serviced by The Benefit National Companies (BNC), a Colorado based third party administrator of 401(k) retirement plans, and will subsequently assume the recordkeeping responsibilities for approximately 1,700 clients of
Dresdner Kleinwort Wasserstein Securities Limited has been approved as a new equity member by Oslo Bors, further increasing DrKW's exposure to the Scandinavian region it already trades on the Stockholmsbrsen and the Copenhagen Stock Exchange. DrKW's membership increases the number