Anyone who thought the acquisition of CREST by Euroclear had killed off the relationship between the IUK CSD and its Swiss equivalent SIS Sega Intersettle needs to think again. Today, SIS and CREST announced a joint plan to "revolutionise securities
The Indonesian Self Regulatory Organizations namely, the Jakarta Stock Exchange (JSX), Surabaya Stock Exchange (SSX), Indonesian Clearing and Guarantee Corporation (KPEI), and Indonesian Central Securities Depository (KSEI) agreed to switch to settlement on T + 3 from Monday this week,
Euronext and Tokyo Stock Exchange today signed a Memorandum of Understanding (MOU) outlining how they intend to co operate, in order to facilitate the development and efficient operation of both markets. The two Exchanges, which have entered the agreement as
LCH SwapClear, the interbank interest rate swap clearing service provided by London Clearing House, announced today that the maximum tenor of trades denominated in US Dollars, Euro, Yen and Sterling is being extended from 10 to 30 years. In addition,
The Global Trading Web Association (GTWA), a membership organisation for electronic marketplaces, today announced at its Annual Business Conference that its membership approved a name change to the Open Network for Commerce Exchange (ONCE). The Association also announced the addition
As a mark of respect on the first anniversary of the September 11 tragedy in the United States, staff at the London Stock Exchange, along with staff at other European exchanges, will observe two minutes' silence at 13 46 BST
Like other markets in the wake of September 11, the Financial System Council of Japan agreed on 31 July to establish a project team to investigate a "safety net" for the local payment and settlement systems in Tokyo. The members
Eurex, the international derivatives market, traded and cleared 68.5 million contracts in August equivalent to 31 percent growth in turnover for the month compared to the previous year's figure (52.3 million contracts traded in August). During the first eight months
According to a report by Bloomberg News, Osaka Securities Exchange President Goro Tatsumi is keen to abandon Nasdaq altogether in favour of a tie up with the regional markets in Sapporo on the northern island of Hokkaido and Fukuoka on
Clearstream has reacted quickly to the decision by Euroclear to offer settlement of French equities through Euroclear Bank at domestic prices a service the Brussels based ICSD now plans to extend to UK, Belgian and Dutch equities as well, providing