EquiLend, the securities lending cartel formed in May 2001 by the major agent lenders and prime brokers, will use Radianz as preferred connectivity supplier. EquiLend whose founding members include Barclays Global Investors, Bear Stearns, Goldman Sachs, J.P. Morgan Chase, Lehman
The Tokyo Stock Exchange (TSE) is to upgrade its order execution system. The exchange has found its present capacity insufficient to handle the growing volume of large lot orders submitted electronically by both major broker dealers and day traders. The
JASDEC is start testing the DvP for NETD system it is due to launch in May next year. The tests will commence in November. JASDEC says it will run both bi0lateral connection tests with each participant and market wide tests
It is reported from Tokyo that the Securities and Exchange Surveillance Commission (SESC) in Japan is expected to file an unprecedented criminal complaint with the Osaka District Public Prosecutors against the Osaka Securities Exchange (OSE) alleging market manipulation by a
The Kuala Lumpur Stock Exchange (KLSE) will not demutualise by the end of this year after all. Demutualisation is now more likely to take place in the first quarter of 2004, according to KLSE Executive Chairman, Datuk Mohd Azlan Hashim,
Friday saw record volumes in the trading of derivatives at Stockholmsbrsen. The number of traded contracts amounted to 1,067,657, which is the highest number of contracts ever traded at the exchange and an increase over the previous record of 56
A new equity market is to start in Canada on Friday. The Canadian Trading and Quotation System (CNQ) is an OTC market for emerging companies CNQ has received a recognition order from the Ontario Securities Commission to operate a quotation
Radianz says Fortis Investments has appointed it to provide the networking that supports the Financial Information eXchange (FIX) protocol. Under a three year contract, Radianz will connect sell side brokerages around the world to a new FIX based system that
BOJ NET, the Bank of Japan's online settlement system for JGBs, was down for 1 1 2 hours yesterday, delaying settlement of transactions. A computer glitch is being blamed for temporarily blocking the flow of data from seven financial institutions