UK CSD CREST, which was acquired by Euroclear a year ago, says the dematerialisation of the 160 billion (Euros 225 billion) domestic money market will be completed in September this year. Once it is, CREST expects the annual costs of
Radianz says users of RadianzNet has use the network to access the Securities Industry Automation Corp.'s (SIAC) Secure Financial Transaction Infrastructure (SFTI). SFTI links the New York Stock Exchange (NYSE), the American Stock Exchange (AMEX), the Depository Trust and Clearing
IPC Information Systems is demonstrating a prototype Voice over Internet Protocol (VoIP) trading system capable of making calls directly from an IPC VoIP trading desktop to any other VoIP device at the Securities Industry Association (SIA) Technology Management Conference &
CSDs and ICSDs are competing with their clients, ought to compete with them, and will continue to compete with them across an ever wider range of service areas. Or so concluded a panel and plenary discussion on the question of
SWIFT has reached a co operation agreement with the Spanish CSD IBERCLEAR, by which SWIFTNet will become a single point of access to IBERCLEAR's settlement platforms (CADE and SCLV). The agreement also defines future co operation with respect to ISO
Deutsche Borse says SWIFT, the Brussels based messaging utility, has praised its Clearstream settlement arm for its high rates of STP. SWIFT has recently completed a review of the STP capabilities of Clearstream's operations as part its programme of helping
Stewart Wright, executive director of the banking business at Clearstream, left the Luxembourg based ICSD for the last time last night. Wright, who joined the then Cedel in January 1995, is said to want to spend more time with his
Taiwan is to set up a Central Depository Company for bills and financial debentures in September this year. The new CSD, which will be capitalised at NTD 2 billion (US$ 57 million), will be owned by bill houses, custodians, clearing