The CSDs in Denmark (VP) and Iceland (VS) have opened a link between the two markets, and have secured the approval of the financial authorities in both countries to operate it. The link is designed to reduce trading costs for
Deutsche Brse presented its new index model for the equity market on Thursday. The new model is based on the plan, approved in principle by the Exchange Council of the Frankfurt Stock Exchange (FWB Frankfurter Wertpapierbrse), for two new segments
JPMorgan Treasury Services, one of CLS's 39 settlement members, announced today that it has 18 third party services customers, and is already in pilot tests with them. In addition to these 18 new mandates, the global institutional market is expressing
FXall, the portal for online foreign exchange trading, announced today that it has delivered straight through processing for customers of both Selkirk and SimCorp, providers of treasury management systems. Customers using SimCorp's IT 2 and TMS2000 systems and Selkirk's Treasury
Clearnet, the CCP whose ownership is shared by Euronext (80%) and Euroclear (20%), announced today that its CLEARING 21 platform had been successfully implemented as the new clearing technology for the cash markets in Amsterdam from Friday of last week.
OM announced today that Korea Futures Exchange (KOFEX) had successfully completed trials of an expanded system supplied by the Swedish trading technology company. KOFEX has been an OM customer since 1999, using OM's CLICKT trading platform and SECURT clearing platform
Thomson Financial, an operating unit of the Thomson Corporation, has added new functionality and expanded content to First Call Analyst the real time, integrated research and analytical application for institutional investors worldwide, combining premium content with sophisticated functionality and intelligent
The Depository Trust & Clearing Corporation (DTCC) announced today it will partner with ACORD on its annual conference this May. The conference brings together more than 1,500 attendees from all sectors of the insurance community including insurance carriers, broker dealers,
Deutsche Bank has sold its 9.3 per cent stake (10.4 million shares) in Deutsche Brse AG. The shares, valued at approximately Euros 360 million, were placed today with institutional investors. The sale was heavily oversubscribed. Most of the proceeds from
Eurex announced today that it had cancelled around 200 trades in futures on the Dow Jones Euro STOXX 50 and Dow Jones STOXX 50 indices on Wednesday. The cancellation only affected certain trades that occurred within a 45 second period