US household wealth grew to a record high of $45.153 trillion in the first quarter of 2004, thanks to rising property and mutual fund values, the Federal Reserve says in its quarterly "Flow of Funds" report. The Fed said household
GL TRADE has acquired the Iris Group in the Netherlands. Iris specialises in options market making and has 15 clients. It had a turnover of EUR1.3 million in 2003, with margins in line with those of the GL TRADE Group.
Thomson Financial and Capco have launched a joint product, Thomson Research Authoring Solution. The service, which was developed by Capco, aim to support the creation and publication of investment research by analysts. Built on Microsoft Office 2003, its is a
Maples Finance Jersey, an affiliate of Caymans based offshore law firm Maples and Calder, has acquired Gartmore Fund Managers International Ltd. (GFMIL), a Jersey based fund administration operation. GFMIL has assets under administration of over 1.7 billion. Management and the
SunGard says Chicago based Balyasny Asset Management has bought its Panorama application to provide "an integrated, automated environment for trading and risk management." SunGard says it has lots of hedge fund clients, of all sizes and strategies, and that Balyasny
Members of the International Securities Market Association (ISMA) today elected three new members and re elected two current members to the board of the Association for a term of office of three years each. The elections to the board took
The discipline of risk management has become increasingly important and more complex, underscoring the value of a corporate culture that emphasis risk analysis throughout a firm's decision making process, SIA Chairman Richard E. Thornburgh, today told SIA's Technology Management Conference
City Networks is launching an upgraded version of CityNet Conversation Checker to include currency options. City Networks says CityNet Conversation Checker automatically stores, analyses and reconciles dealing error conversations with tickets from Reuters, EBS and online trading systems. Errors such
Morgan Stanley Quilter, the offshore banking arm of Morgan Stanley, has appointed Nick Morel Orchard to manage the strategic direction for all of Morgan Stanley Quilter's offshore offices, including the recently opened Dublin branch, which continues to be managed by
Volante Technologies, a data integration and financial messaging specialist, has created two new adapters for Microsoft BizTalk Server 2004. The two new adapters for the CMS and FIX messaging protocols are designed to help extend the benefits of BizTalk Server