Manufacturing industry in Central and Eastern Europe (CEE) has been experiencing a strong upward trend since the beginning of 2004 and has thus become the engine of economic growth in the region. Economists at Bank Austria Creditanstalt (BA CA) expect
Eurex US will be closed Friday, June 11, 2004 in observance of the national day of mourning for former President Ronald Reagan Eurex US will close at 4 00 p.m. CST on Thursday, June 10, 2004 and trading will resume
Asset Controlsays that hedge fund group Citadel Investment has chosen its AC Plus software to centralize management of securities data. The Citadel implementation will consolidate management of high volumes of time series price data, reference data and corporate actions data
SunGard has launched an anti money laundering compliance solution called RemitPro for firms subject to the PATRIOT Act. The giant company describes it as "a one stop management tool for identity validation on both individual and business accounts, Office of
Hedge funds tracked by Hennessee Group produced a negative return of 0.37% in May, bringing the 2004 year to date return to +1.82% for the Hennessee Hedge Fund Index. "Hedge fund managers are calling this 'the I.O.U. market' (interest rates,
JPMorgan has been appointed depositary bank by Cable and Wireless for its American Depositary Receipt (ADR) programme. JPMorgan claims 40% of the ADR market's capitalisation and currently has 20 ADR clients in the UK. "An increasing number of FTSE 100
GlobeOp Financial Services (GFS), the hedge fund administrator, has appointed Michael L. Allen as Director of Client Services Tom Kirkpatrick as Global Director of Quality Assurance and Brian Wolpert as Global Director of OTC Operations and Documentation. "The addition of
EFG Eurobank Ergasias, Eureko, parent company of Interamerican, and Novabank have agreed to cquire 100% of Intertrust Mutual Fund Management Company. a Greek fund manager. The completion of the transaction is subject to due diligence and approvals from all competent
Global Investment Systems Ltd. (GIS), a supplier of specialized accounting software for the securities industry, has added two senior business development executives to its US staff David Scheuring and Joyce Karpel. Scheuring and Karpel will develop new business opportunities in
Mellon Financial Corporation has opened its new European headquarters at Blackfriars, London. HRH The Princess Royal will open the new offices officially on Thursday, 10 June 2004. Mellon Financial Centre, located at 160 Queen Victoria Street, will be the new