CLS Bank announced today that it has now settled over 117,000 payment instructions with a gross value of over $US 1 trillion in one day for the first time. CLS says that the new record, due largely to the US
Euroclear today announced the launch by Euroclear France of an automated processing service for Exchange Traded Fund (ETF) transactions in the primary market. Euroclear France claims to hold a third of European ETFs in custody, and the new service aims
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
The total number of UK and international trades on the London Stock Exchange in January 2003 was 5.06 million, up 17 per cent from 4.33 million in January 2002. The total value of these trades was 325.9 billion, a 21
Eurex, the international derivatives market, says it has enlarged its share of the market in Dutch equity options. In January 2003, Eurex turned over 518,000 contracts in the Dutch options segment, a 128 per cent increase from the December volume
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.
NeoNet, the Stockholm based international agency brokerage for institutional investors, announced today that it has added London listed exchange traded funds (ETFs) to its product set. NeoNet already offers execution of ETFs on the Stockholm, Frankfurt, Paris, Amsterdam and Helsinki
Deutsche Brse announced today that it expected to exceed its targeted Earnings before Interest and Taxes (EBIT) for the year ended 31 December 2002 the target of 320 million euros would be exceeded by approximately 10 per cent giving an
Over 78 percent of financial service firms in Hong Kong agree the city is currently a very advantageous location for their activities, according to preliminary findings from a 917 firm study of the territory's competitiveness by Dr Edmund R Thompson,
Reducing barriers to the creation of a single European capital market through the so called Lamfalussy process will fail. This will necessitate the creation of a European equivalent of the Securities and Exchange Commission (SEC), which will rely initially on