The Depository Trust & Clearing Corporation (DTCC) has named Bill Hodgson vice president for Business Development. He will head DTCC's OTC derivatives business development efforts in London. In his new position, Hodgson will be responsible for further developing DTCC's OTC
GL TRADE has appointed Nicolas Lvy as CEO and Teifion Thomas as CTO of GL SETTLE. GL SETTLE is a London based GL TRADE subsidiary dedicated to the back office. Following the acquisition by GL TRADE of Misys Securities Trading
National IFA Positive Solutions has joined the EMX Message System, the electronic messaging service for the purchase, sale, valuation and settlement of mutual funds in the UK. "By building a FIX connection to the EMX Message System, Positive Solutions have
The American Securitization Forum (ASF) has filed an amicus curiae, or friend of the court, brief in the case of MBIA Insurance Corporation and Wells Fargo Bank Minnesota, N.A. versus Royal Indemnity Company (Royal), in which Royal is appealing an
ING Investment Management confirmed that it is co operating with an investigation by the Independent Commission Against Corruption (ICAC) into the trading of stocks listed on the Hong Kong Stock Exchange. The ICAC today brought charges against a former ING
JP Morgan says it is looking to hire up to 10 analysts in mainland China this year to assist its drive into the local capital markets. The bank is already moving researchers from Singapore and Hong Kong to Shanghai as
Linedata Services is making the full functionality of its back office fund management and administration solution, Icon, available on an Application Service Provider (ASP) basis. Icon was first offered on an ASP basis in 2002, but some functionality was not
SWIFT says Netherlands based KAS Bank is bringing 120 customers on to SWIFTNet over its new service for securities settlement and payment instructions. "KAS Bank has chosen SWIFT for the strong security and reliability that SWIFTNet offers compared to competitors,"
Northern Trust has secured the mandate to provide custody and performance measurement services to the London Borough of Lewisham's 505 million pension fund. "We are committed to providing the highest standards of service and delivery to our members and co
NewRiver has launched the industry's first web based point of sale tool designed to put current, fully auditable mutual fund data and prospectuses at advisors' fingertips enabling brokerage firms to immediately address new SEC regulations going into effect, such as