EuroCCP, the central counterparty (CCP) built and owned by The Depository Trust and Clearing Corporation (DTCC) for the Nasdaq Europe trading platform, went live today. EuroCCP will provide netting and clearing services to trades executed in both US and European
An official response by Clearstream to the rivals bid from Deutsche Borse and Euroclear is expected on Friday, when the Clearstream board is scheduled to meet. The nature of the response is impossible to predict, but a Clearstream spokesman points
Radianz announced it has signed a three year multimillion dollar contract to provide Internet Protocol (IP) extranet services to Cognotec. Cognotec, a provider of foreign exchange and money market trading solutions, will use Radianz's global financial extranet, RadianzNet, to connect
European and U.S. financial institutions hoping to unlock the potential for U.S. style revolving credit cards in Western Europe will continue to face significant cultural, legislative and technological challenges. New research from TowerGroup's Consumer Credit service finds that though Western
The New York Clearing House announced a major initiative that will provide the first Internet enabled global payments infrastructure needed to support true B2B e commerce. The new functionality will enhance the capabilities of the Clearing House's two core payment
Omgeo, the joint venture between Thomson Financial ESG and the DTCC, confirmed in late November that SWIFT had accepted it as a key part of the securities market infrastructure. On the face of it, this puts the Omgeo virtual matching
Telecommunications suppliers looking to tackle the perception that bandwidth is commoditised will be encouraged to learn that Syntegra, the BT subsidiary with a growing presence in the securities industry see "Shooting the messenger" in Global Custodian, Fall 2001 , is
GSTPA axion4 will be giving a live demonstration of the long awaited Transcation Flow Monitor (TFM) at the SWIFT offices in Park Avenue, New York, on Tuesday 27 November. The demonsration, which will be compered by outgoing CEO Steve Crosby,
Hong Kong Futures Exchange Limited (HKFE) selected Radianz's global financial extranet RadianzNet to connect the Hong Kong Futures Automated Trading System (HKATS), to financial professionals in the United States, United Kingdom and other countries worldwide. HKFE is said to benefit
SWIFT appointed Johan Kestens as Head of New Business Development and Member of the Executive Committee, effective December 3, 2001. He will also be lead executive for the SWIFT Board's "e" Committee. Kestens comes to SWIFT from Almanij, one of