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
Reuters announced today that Siam City Bank PCL had chosen Reuters Straight Through Processing (STP) solution, Kondor+ and Reuters Trade Processing across its foreign exchange, money market, fixed income businesses. Siam City Bank PCL is the first bank in Thailand
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
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
The European Banking Association (EBA) announced today that nine additional banks will start live operations with STEP1 on Monday (7 October). On the same day, Alpha Bank of Athens will join the EURO1 system. The addition of Alpha Bank to
Fundtech Ltd, the New Jersey based electronic payments and outsourcing provider, announced today that The Co operative Bank has gone live with its CASHplus cash management solution. The banks is using three CASHplus modules Balance Reporting, Cheque Management (cheque inquiries
BrokerTec Clearing Company, L.L.C.(BCC), the clearing affiliate of BrokerTec Futures Exchange L.L.C. (BTEX), announced today the appointment of Frank Perrone from Deutsche Bank Futures, Inc. as Chairman and Ronald Filler from Lehman Brothers Inc. as Vice Chairman. Perrone has over
September was the most successful month in Eurex history to date With 83.6 million contracts traded, the international derivatives market set a new record in contract volume, beating its previous record of 77 million contracts traded in July 2002. Compared
Crdit Agricole Indosuez Cheuvreux (CAI Cheuvreux), the equity brokerage arm of the Credit Agricole group, announced today that it had signed an agreement to use Radianz's global financial extranet, RadianzNet. Institutional investors in Europe, Asia and the United States will
The Euro Banking Association (EBA) today confirmed that 32 banks are engaged in pilot testing its STEP2 project to cut the costs of making small value payments across borders as cheap as their domestic equivalent. The EBA also announced that