TWIST the not for profit group of over 70 financial market participants and service providers which has set itself the target of defining communication standards for commercial and financial payments processes has launched XML based standards for commercial payments and
Iris Financial has released the Fixed Income Front Office, which it says is a complete system covering pricing, risk, trade capture, quote management and connectivity for government and corporate bonds. The Fixed Income Front Office is built on Iris Financial's
The Brussels based European Financial Services Round Table (EFR) has urged the national and European regulatory authorities to start implementing a lead supervisory regime for financial institutions in the European Union(EU). The 17 Members of the EFR chief executive officers
The life insurance industry is poised to generate $1,600 billion in shareholder value over the next ten years according to a new study by Mercer Oliver Wyman. This growth rate outpaces global GDP expectations by 50%, and is greater than
The US Federal Reserve has approved the merger of J.P. Morgan Chase & Co. and Bank One Corp., creating the second largest American bank after Citigroup. Shareholders of New York based J.P. Morgan Chase and Chicago based Bank One approved
Anton Knett, currently Head of Division South East Europe at Bank Austria Creditanstalt (BA CA), will join the Managing Board of BA CA's Polish subsidiary Bank BPH. In the role of Vice President, he will assume the function of Chief
Bank Austria Creditanstalt (BA CA) will expand its branch network in Central and Eastern Europe (CEE) from 850 offices to about 1,050 by 2007. The bank says the number of clients will increase, without taking acquisitions into account, from 4.0
OM Technology says Paul Bennett, Senior Vice President Market Operations at International Securities Exchange (ISE), will join OM Technology as President of OM Technology for the Asia Pacific region. Bennett has 25 years of combined financial markets and information technology
Thomson Financial has reached an agreement with Britannic Asset Management to provide FIX connectivity via the new global Thomson AutEx network between Britannic's Longview Order Management System (OMS) and executing traders. The AutEx network integrates indications of interest (IOI), advertised
OMHEX has signed an agreement with Svenska Handelsbanken to sell XACT Fonder AB to Handelsbanken, with transfer of ownership to be effected on June 30, 2004. XACT Fonder manages Sweden's first exchange traded funds (ETFs), XACT OMX and XACT SBX.