Market Infrastructure

Euro MTS to Choose CCP Provider By Christmas

EuroMTS is close to choosing between London Clearing House (LCH) and Clearnet as its Central Counter Party (CCP) service provider, and a decision is expected by Christmas. The Italian born fixed income trading platform has learnt the lesson of the

Euroclear To Build Link with Hong Kong Debt Depository

The Euroclear strategy of establishing direct links with market utilities took another step forward today with the news that investors in Hong Kong will in future be able to hold and settle securities in Euroclear via a real time link

HKMA to Establish Direct Link with Euroclear

The Hong Kong Monetary Authority (HKMA) and Euroclear announced their agreement to develop a direct link between the HKMA's Central Moneymarkets Unit (CMU) and the Brussels based international central securities depository. This fully automated, real time link will enable investors

The LSE, LCH and Euroclear Deal: Who Benefits?

Euroclear has honoured its promise to switch strategic focus from Clearstream to building relationships with other European trading platforms, CSDs and CCPs. Considered cynically, the Brussels based ICSD rushed out news today it had agreed with the London Stock Exchange

MacGregor Joins Ranks of GSTP Message Concentrators

Macgregor, a supplier of FIX based trade order management systems to the buy side, has become the seventeenth company to sign up as a message concentrator to the GSTP AG virtual matching utility. It will help existing broker dealing and

LSE to Develop Trade Settlement at Euroclear Cleared by LCH

The London Stock Exchange, London Clearing House (LCH) and Euroclear today announced their joint agreement to develop straight through settlement in Euroclear for London Stock Exchange trades cleared by LCH. The three organisations will be consulting with customers and users

SWIFT Sustains Its Assault on the Front Office

Following the rapprochement with the FIX Protocol Limited in July this year, SWIFT has moved quickly to consolidate its bridgehead in the front office. Today, it announced that a FIX hub messaging solution will be piloted by ten broker dealers

Swift To Provide Fix Hub Messaging Solution

SWIFT announced that it has entered into an agreement with Financial Fusion, a Sybase company and Global Crossing to offer a FIX hub messaging solution to the securities industry. The SWIFTNet FIX hub solution will enable broker dealers, investment managers,

Clearstream End Contractual Relationship with Lussi

Clearstream International announces today that it has reached an agreement with its long term former President and CEO, Andr Lussi, which gives both parties the opportunity to end the contractual relationship. Clearstream International and Mr. Lussi have both agreed not

Pacific Exchange Selects Radianz's Financial Extranet

Radianz's Internet Protocol (IP) based global financial extranet, RadianzNet, will be used to connect financial institutions to Pacific Exchange's (PCX) electronic trading system. PCX's 500 plus members will be able to use RadianzNet to securely access PCX's POETS system. POETS