Market Infrastructure

Reuters Launches Microsoft-Driven Messaging Service

As expected, Reuters today launched Reuters Messaging. The company describes it as "a reliable, high security, high speed instant messaging service developed specifically for the global financial services industry." It adds that around 1,100 companies in 84 countries have already

SETS Volumes Continue To Rise in September

The number of trades on SETS the Exchange's electronic order book, increased 52 per cent in September 2002 to 2.3 million trades compared with 1.5 million in September 2001. However, the value traded on SETS decreased by three per cent,

Radianz Wins Currenex Connectivity Mandate

Radianz announced today that forex trading platform Currenex will use Radianz's global financial extranet, RadianzNet, to give Currenex members a new option for connecting to Currenex's electronic service for trading foreign currencies. FXall and GFInet have already chosen RadianzNet for

Reuters To Unveil New Messaging Service

Reuters CEO Tom Glocer will launch Reuters Messaging a new instant messaging service for financial services on Monday. Last year, Reuters announced that it was working with Microsoft and 25 financial institutions to develop Reuters Messaging, a high security instant

Cruickshank To Step Down As LSE Chairman

Don Cruickshank announced today that his term as Chairman of London Stock Exchange plc will end at the company's AGM in 2003. Commenting on his decision, Don Cruickshank said today "My term as Chairman ends at the 2003 AGM. I

Fortis Implements HelioGraph Solution

HelioGraph, the IT firm which specialises in Straight Through Processing (STP) and Financial Messaging solutions, announced today that Fortis Investment Management (FIM) has chosen to implement Helio TradeFlow to provide it with electronic trade confirmation (ETC) and electronic trade settlement

GSTP AG Signs Up Nordea

The Nordea Banking group announced today that they have become a participant of GSTP, the global securities trade matching utility. Nordea Group is already a member of the Global Straight Through Processing Association (GSTPA), the industry body that defined the

IBM Offers ISO 15022 Mapping Solution

IBM announced today the availability of ISO 15022 mapping capability through an enhanced version of its WebSphere Business Integration Adapter for SWIFT. The SWIFT Securities Committee recently affirmed the 16 November deadline for migration to the ISO15022 standard, while at

Bear Stearns Gives CLS Job to ABN Amro

ABN AMRO says Bear Stearns has awarded it a CLS third party services mandate. Alex Buencamino, Managing Director of Bear Stearns, confirmed it. "We wanted to choose a partner, not just a service provider and we found that with ABN