At the international derivatives conference in Brgenstock, Switzerland, the world financial community was introduced to the European Climate Exchange (ECX) futures and cash contracts for EU carbon dioxide emission allowances the first quoted and cleared market for European emissions contracts.
Townsend Analytics announced today that it is expanding its institutional foreign exchange offerings with direct access to the Currenex multi bank foreign exchange (FX) network through its RealTic (R) trading platform. Currenex connects 17 of the top 20 global FX
The Clearing Corporation (CCorp) announced today that CCorp will provide clearing and settlement services, including services as the central counter party (CCP), for Chicago Climate Exchange, Inc.'s proposed futures exchange. Following approval as a designated contract market by the Commodity
The Bank of New York announced that it has been appointed by RCM (UK) Ltd, part of the Allianz Dresdner Asset Management Group, to offer a middle and back office outsourcing service in the UK. The agreement involves the complete
Exchange traded funds (ETFs) are fast becoming a viable option for global institutional investors, offering an attractive alternative to the beleaguered mutual fund industry. In a new report by Morgan Stanley, the number of outstanding ETFs rose to 313 by
Metavante Corporation today announced that Zurcher Kantonalbank (ZKB), Switzerland's third largest bank, is implementing its document composition software CSF(R) Designer. ZKB is Zurich's largest banking operation with 86 branch offices, approximately two million customers and total customer assets of CHF
FXall, the online foreign exchange platform, says five new liquidity providers have joined the platform, bringing the total number of banks added in 2004 to eleven. The banks are BMO Nesbitt Burns and Harris Nesbitt (members of the BMO Financial
Law firm Maples and Calder has acquired Smith Hughes, Raworth & McKenzie in the British Virgin Islands and launched a new office in St. Helier, Jersey, Channel Islands. Maples and Calder will now have 34 partners, over 100 lawyers and
ABN AMRO announces the creation of an art investment advisory group, which will provide the private banking sector with a wide range of art investment services that can be offered to theirclients. Working with Seymour Management (Seymour's), the independent fine
SunGard has bought Kiodex, Inc., a supplier of Web based risk management, financial reporting, FAS 133 compliance and market data solutions for companies exposed to commodities risk. Kiodex solutions Kiodex Risk WorkBench and Kiodex Global Market Data are delivered via