Market Infrastructure

Korea To Press Ahead With Exchange Merger

The Korean authorities have confirmed plans to merge and demutualise the Korea Stock Exchange (KSE), Korea Securities Dealers Association Automated Quotation(KOSDAQ), and the Korea Futures Exchange (KOFEX). The Presidential Transition Committee has announced on February 17, 2003 their proposal to

Forget CLS, Look At Us, Says FundTech

Following the announcement earlier today by CLS Bank that the value of instructions settled through its CLS (Continuous Linked Settlement) System today passed $1 trillion, Fundtech has pointed out that fifteen of the banks using the system make use of

Eurex Launches More French Equity Options

Eurex announced today that on March 10 it will launch 27 new options on French equities. The exchange made the announcement on Tuesday. This means the exchange will offer nearly all equities in the French benchmark index CAC 40 as

Instinet Joins Helsinki Stock Exchange

Instinet, the electronic agency securities broker, announced today that it had secured membership in the Helsinki Stock Exchange, allowing Instinet clients direct access to Finnish liquidity. Instinet Europe Limited's trading membership of the Helsinki Exchange will commence on Monday. Instinet

TradeWeb Goes Live With ECP Product

TradeWeb, the fixed income trading platform, announced today that its Euro Commercial Paper (ECP) Live Beta test period was completed successfully. The new ECP product has now gone live, with the initial week's trading reaching just under Euros 1 billion.