SWIFT announced today that it is piloting its FIX messaging service with fifteen firms connected to SWIFTNet, the Internet messaging platform the Brussels based co operative has developed. The FIX Pilot Programme involves both buy and sell firms, and stock
Anxiety about the ability of Global Crossing the telecommunications company with which SWIFT had recently to renegotiate an outsourcing agreement to survive financially increased further today with news that it had extended the deadline for receipt of potential bids for
SWIFT announced today that users representing 90 per cent of traffic are sending either live and or test messages in ISO 15022 formats, indicating that the migration from ISO 7775 to the new standard is progressing satisfactorily towards the 16
Deutsche Brse announced today that 9,042,880 shares were placed successfully with institutional investors in Europe and the United States at a price of Euros 44 per share. Deutsche Brse raised a total of around Euros 400 million before commissions and
Deutsche Brse says it will place up to 10,276,000 new shares with institutional investors in Europe and the US through a private placement. The proceeds will be used partly to finance the acquisition of the 50 per cent of Clearstream
Clearstream and Deutsche Borse announced today that the Office of Fair Trading, the UK merger control authority, had on Friday (31 May) cleared the acquisition of Clearstream International by Deutsche Brse. Together with the approval from the German merger control
The fee schedules and pricing policies of European depositories are famously complicated and, in relation to the actual costs charged to particular clients, in much the same category as a British railway timetable fiction. Today they got a little more
Joan Beck, the 55 year old former Deputy Chairman of CSFB from 1984 to 1995, is to succeed Pen Kent as chairman of the European Securities Forum (ESF), the London based investment banking lobbying group which recently decided not to
NeoNet, the Stockholm based provider of real time equity trading services for institutional investors and broker dealers, announced today that the company has acquired membership of the Virt x Exchange. Virt x the result of the cooperation between the Swiss
Clearstream Banking Luxembourg and the Hong Kong Monetary Authority (HKMA) have announced their agreement to develop a direct link between the HKMA's Central Moneymarkets Unit (CMU) and the settlement system of Clearstream Banking Luxembourg. Scheduled to go live in January