Deutsche Borse says it does not understanding Porsche's announcement that it plans to sue the Frankfurt Stock Exchange for requiring it to file quarterly reports. "With this lawsuit Porsche is resisting international standards designed for the protection of investors," says
The London Stock Exchange has made good on its promise to replace Don Cruickshank in the chair with a low profile appointment. Dr Chris Gibson Smith, currently chairman of National Air Traffic Services (NATS), was today named as chairman. Gibson
The volume of instructions submitted through CLS Bank will increase by 150 per cent by the middle of 2005. Or so says a new piece of research by TowerGroup. The research, conducted amongst 40 of CLS Bank's Settlement Member banks
Dennis J. Dirks, chief operating officer of the Depository Trust & Clearing Corporation (DTCC), has announced that he will retire at the end of April. In addition to being COO of DTCC and a member of the Board of Directors,
Euroclear, enlarged by the acquisition of multiple CSDs, has as a result suffered from the fall in equity market values. The value of securities held in custody by Euroclear on behalf of clients at the end of last year totalled
BrokerTec Futures Exchange (BTEX) sais today that March's monthly volume was up nearly 130 percent over the same period last year , with 182,950 contracts traded in March 2003 compared to 79,783 contracts traded in March 2002. In addition, March's
The aggregate turnover statistics for March 2003 show that a total volume of Euros 266.8 billion euros was traded on the German stock exchanges excluding Bremen some 19 per cent more than the month before (February 2003 223.3 billion euros).
March was the most successful month ever at Eurex. The derivatives market set a new record in monthly volume with over 106 million contracts traded, beating the previous record set in October 2002 (86.6 million contracts) by some 20 million
The Patriot Act will oblige Wall Street investment banks to invest $700 million improving their anti money laundering technology over the next two years. Or so says the Tower Group, in a new report entitled The USA Patriot Act Brokers
Reuters says its Treasury Broking Services business achieved record trading volumes in the first quarter of this year. The company also announced the introduction of additional Emerging Market currencies to its electronic foreign exchange broking service. "Reuters electronic broking service