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
Eurex is to improve the efficiency of its cross margining procedures. From 23 September the derivatives exchange promises that positions in the DAX, SMI Euro DJ STOXX 50 and DJ STOXX 50 products will be netted for the calculation of
In an announcement anticipated for some time, the German Finance Agency (Bundesrepublik Deutschland Finanzagentur GmbH) finally confirmed today that it would make its holdings of Bunds available to the market through Clearstream. This huge augmentation of liquidity in German government
SIS SegaInterSettle AG, the Zurich based ICSD, says it will offer its participants membership of a closed user group (CUG) which will allow them to hurdle the November 16 deadline set by SWIFT for conversion to the ISO 15022 message
The value of shares converted from paper certificates to electronic records of ownership in STRATE has cleared R1.5 trillion. The value of shares dematerialised now accounts for 82 per cent of the total market capitalisation of the Johannesburg Stock Exchange.
Macgregor(TM), the trade order management systems supplier, and Boston based Olmstead Associates, a securities industry consulting and training firm, have formed an alliance. Olmstead Associates consultants have completed the Macgregor Certification Program, allowing them to work alongside existing Macgregor staff
CREST and Euroclear announced today that the merger control authorities in the United Kingdom had cleared the takeover of the UK CSD by the Brussels based ICSD. Yesterday the UK Secretary of State for Trade and Industry decided not to
Radianz announced today that Fidelity Capital Markets the institutional trading arm of Fidelity Investments will use the Radianznet global financial extranet for FIX connectivity to its institutional clientele. "By strategically aligning with preferred network providers such as Radianz, Fidelity is
Computershare today claimed the record for the fastest stock market surveillance system in the world, more than ten times faster than Nasdaq's SDR system, according to an independent study by the University of New South Wales. The system, SMARTS, examines
SWIFT says that Monte Titoli, the Italian CSD, has selected SWIFTNet services as a messaging solution for its new Express II clearing, settlement and custody platform. "After Banca d'Italia's decision to use SWIFTNet services exclusively for its new RTGS system,