Market Infrastructure

Canadian CMA Advises C$25 Payments Ceiling

Allan Cooper, head of the Canadian depository CDS, has endorsed the suggestion that a ceiling of C425 million be placed on payments for securities processed through the Automated Clearing Settlement Service (ACSS). In a letter to Pierre Roach, director of

Global Crossing: Not Dead Yet

Global Crossing announced that it has signed an agreement with NBC News Channel, a unit of National Broadcasting Company, Inc. (NBC), to transport daily video programming from the NBC News Channel Broadcast Center at the Winter Olympics in Salt Lake

Global STP Maven Kevin Milne Joins MacGregor

Former Omgeo managing director Kevin Milne has joined MacGregor, a privately held American company best known for furnishing fund managers with trade order routing and management systems. Milne joins the 300 strong company as executive vice president, with a brief

Radianz Becomes a Player in the FIX Arena

Radianz today announced its global financial extranet, RadianzNet, will be used by F&C Management Ltd. (formerly Foreign & Colonial) for routing orders that utilize the Financial Information Exchange (FIX) messaging standard to brokers worldwide. RadianzNet is an open Internet Protocol

New Additions at Omgeo Board from Barclays and BNP Paribas

Omgeo, provider of global trade management solutions, announced the addition of Michael Brown, managing director at Barclays Global Investors Limited, Europe and Jacques Philippe Marson, president and CEO of BNP Paribas Securities Services, as industry representatives to the Omgeo Board.