bbp ServiceBureau the Fundtech subsidiary which dominates payments management in Switzerland today announced plans to offer banks the ability to outsource the migration and management of the new SWIFTNet messaging service through its SWIFTNet ServiceBureau. "By leveraging bbp's SWIFT ServiceBureau,
Fundtech the electronic payments, settlement, and cash management technology firm chose the Sibos conference in Geneva to launch new CLS products for third party agents and settlement members PAYplus for CLS Third Party Edition(tm) and IOSwaps Manager(tm). The expansion of
Celent Communications predicts that global expenditure on operational risk management initiatives could hit $12 billion by 2005. The prediction appears in "Basle II A False Sense of Security?" a new report from Celent which reckons operational risk weightings are by
The London Stock Exchange today issued a routine update ahead of its six month results for the period ending 30 September. It says its trading performance has "remained resilient against a backdrop of economic uncertainty and significant market volatility." The
BrokerTec Futures Exchange (BTEX)has introduced "inter market spread credits" for members and users of U.S. Treasury futures products. With the introduction of inter market spread credits, both members and non members will enjoy a reduction in their BTEX margin requirements
Radianz announced today that the Swiss based CSD ICSD SIS Swiss Financial Services Group AG (SIS Group) had chosen its IP based extranet, RadianzNet, for global connectivity. "The SIS Group is very happy to offer its international clients in the
CLS Bank announced today that New Zealand and Hong Kong Dollars will become CLS Bank eligible currencies once all the requirements in CLS Bank's rules have been satisfied. This follows CLS Bank's similar in principle endorsement at the end of
A group of fund managers have joined forces to create Harborside+, a new model for matching large block equity indications of interest (IOIs). However, Harborside+ is keen to dispel the idea that it is either an ECN or an ATS
The London Stock Exchange today announced that its new covered warrant market will be launched on 28 October 2002. Six investment banks, Commerzbank Securities, Dresdner Kleinwort Wasserstein, Goldman Sachs International, JP Morgan, SG and TradingLab, intend to issue an innovative
ECSDA (European Central Securities Depositories Association) today published the key points of its contribution to the consultation on clearing and settlement the EU Commission published on 28 May 2002. ECSDA considers of highest importance that the work of European Authorities