Borsa Italiana announced today that its Board had approved unanimously a proposal to the shareholders of Montetitoli Spa to acquire the whole capital of the company. Montetitoli Spa is the Italian Central Securities Depository. The Board has consequently vested a
The London Clearing House (LCH), the London Stock Exchange and CREST, the London CSD, announced today that they had met their deadline of launching an equity settlement netting facility for the London market by the end of June. Initially, only
Euroclear and Euronext announced today that they had launched a book entry settlement service in Euroclear Bank for trades on Euronext Paris, in parallel with the service already offered by Euroclear France, the French central securities depository (CSD). Many will
Omgeo announced today that a further thirteen firms had signed up as "early adopters" of its Central Trade Manager (Omgeo CTM), the virtual matching the Thomson DTCC joint venture has built as its alternative to the TFM created by the
Omgeo, the Thomson DTCC joint venture, today announced the formation of an STP partnership with Bloomberg. The two firms will develop a direct link between the OASYS Globa TradeMatchSM matching tools owned by Omgeo and the Bloomberg Portfolio Order Management
CLS, the long awaited and much delayed cross border foreign exchange settlement utility, today inched closer to its aim of eliminating intra day Herstatt settlement risk with the launch of a SWIFT style vendor registration programme the global CLS Vendor
The banking and securities industries are ill prepared for fresh terrorist attacks, and for Basle II. Or so says a survey commissioned by IBM from the Institute of Financial Services One in three senior executives interviewed by researchers argued that
Thomson Financial announced today that it had joined forces with Microsoft to create integrated research and analytical tools for fund mangers. A new application built with Microsoft technology especially.NET will provide fund managers with access to Thomson content, including First
The Electronic Payments Network (EPN) announced today that Wells Fargo & Company, the third largest ACH (Automated Clearing House) originator in the US, has begun moving volume over to its private sector electronic payments system. The ongoing conversion by EPN
Consultants CapCo chose the Securities Industry Association Technology Management Conference to announce its latest joint venture today. Following deals with Reuters and Crossbordex, the firm is now teaming up with Microsoft to offer an STP solution. Their offering is called