The London Stock Exchange, London Clearing House (LCH) and Euroclear today announced their joint agreement to develop straight through settlement in Euroclear for London Stock Exchange trades cleared by LCH. The three organisations will be consulting with customers and users
Following the rapprochement with the FIX Protocol Limited in July this year, SWIFT has moved quickly to consolidate its bridgehead in the front office. Today, it announced that a FIX hub messaging solution will be piloted by ten broker dealers
SWIFT announced that it has entered into an agreement with Financial Fusion, a Sybase company and Global Crossing to offer a FIX hub messaging solution to the securities industry. The SWIFTNet FIX hub solution will enable broker dealers, investment managers,
Clearstream International announces today that it has reached an agreement with its long term former President and CEO, Andr Lussi, which gives both parties the opportunity to end the contractual relationship. Clearstream International and Mr. Lussi have both agreed not
Radianz's Internet Protocol (IP) based global financial extranet, RadianzNet, will be used to connect financial institutions to Pacific Exchange's (PCX) electronic trading system. PCX's 500 plus members will be able to use RadianzNet to securely access PCX's POETS system. POETS
Euronext has chosen SWIFT as the distribution network for both its trading platform and its CCP services. The pan European exchange and the Brussels based messaging network announced today that SWIFT members can access its trading and clearing technology through
In the wake of the decision by the Clearstream Board late on Friday to pursue discussions with Deutsche Borse only, Euroclear has decided to turn its attention elsewhere. "It is now clear that Clearstream is not interested in having any
Clearstream International's Board of Directors announces that following its meeting of today, it is recommending to Cedel International to enter into exclusive discussions with Deutsche Brse AG with a view to reaching an agreement on an appropriate price and other
The crucial decision to be made at the Clearstream board meeting today is whether it clears the way for formal talks with Euroclear. So it was not surprising that Euroclear raised the value of its offer for the Luxembourg based
SunGard Business Integration, an operating unit of SunGard announced the successful completion of full trade test scenarios with the GSTPA's Transaction Flow Manager (TFM) for both U.S. and U.K. equity scenarios, held during October. The scenarios comprised the full TFM