A total of Euros 3.5 trillion will be traded on the German stock exchanges in 2002. This is 22 per cent down on the Euros 4.5 trillion traded in 2001. Or so say preliminary figures for the year 2002, which
The London Clearing House Limited (LCH) announced today that it has launched a clearing service for OTC power transactions through its LCH EnClear service. The London based clearing house is working with the European Energy Derivatives Exchange N.V. ("Endex") and
SWIFT announced today that Gartmore Investment Management and Dresdner Kleinwort Wasserstein Securities (DrKW) are using the SWIFTNet FIX service to communicate FIX allocations. They are the first fund manager and broker dealer to make the transition from the SWIFTNet pilot
Computershare announced today that it has agreed to acquire the software rights to trading, settlement and clearing systems owned by EFA Software Services. The acquisition ,which is expected to close by the end of January 2003, will cost C$6.25 million
The former Nasdaq Japan, which is now operated by the Osaka stock exchange, has changed its name to Hercules. Before the Osaka stock exchange took on the market, NASDAQ had expressed concerns that the Japanese exchange risked protecting the interests
SunGard warns today that the transition to SWIFTNet, the new network created by the Brussels based payments network SWIFT, is more complex than some banks realise. And it has to be accomplished no later than the end of 2004. The
The Japan Securities Dealers Association (JASDA), the Tokyo Stock Exchange (TSE), the Osaka Stock Exchange (OSE) and the other Japanese stock exchanges have agreed to establish a single central counter party clearing house, or CCP. It will commence operations in
Euroclear, whose acquisition of CREST is currently the target of a fierce lobbying campaign in Brussels, today pressed on with making it a reality by confirming the division of the executive jobs. Since the division of the spoils at the
Townsend Analytics, Ltd. (TAL) has agreed to use Radianz's global financial extranet, RadianzNet, for Internet Protocol (IP) based network connectivity to partners and clients. Radianz says RadianzNet was selected for two reasons its existing connectivity to thousands of financial institutions
OM says it has reached a technology co operation and facilities management agreement with Nordic Electricity Clearing House ASA (NECH), a subsidiary of Nord Pool, the Scandinavian electricity exchange. Nord Pool offers trading in standardized physical and financial energy contracts