As expected, New York Attorney General Eliot Spitzer decided yesterday to sue former New York Stock Exchange (NYSE) Chief Executive Richard Grassofor the return of at least $100 million from his controversial $188.5 million pay package. Spitzer told a press
Barclays Capital has started US dollar interest rate swaps trading on BARX (Barclays Automated Real time Execution), the firm's single dealer electronic trading platform on the Bloomberg Professional service. The bank says this is the first time ever for electronic
Charles River Development has signed a strategic agreement with Cameron Systems to ship the CameronFIX Engine as a component of the Charles River Investment Management System (Charles River IMS). Charles River will embed the CameronFIX Engine within Charles River IMS.
South African stock broking and financial services firm Noah has bought GL TRADE's GL STREAM Front to Back Solution for trading on the JSE Securities Exchange. It manages orders from creation on the buy side up to confirmation and delivery
Candle Corporation says UK insurer Eagle Star has bought its PathWAI Development Suite to manage its broker extranet, which supports IFAs and financial intermediaries across Ireland. Candle's PathWAI Development Solutions support the web based application architecture for Eagle Star Insurance
Platinum Capital Management Limited has appointed Simon Murphy as Regional Director for Africa. Murphy will operate from the Africa and Middle East regional office, based in United Arab Emirates. Murphy's responsibilities will be to maintain Platinum's presence throughout Africa, building
MEFF, the Spanish Financial Futures Exchange, has upgraded the technology used to access its MEFF S MART platform. It says the new configuration will significantly improve the connection for its 100 members with MEFF's IT centres in Madrid and Barcelona
All Eurex US participants based in the United Kingdom can now trade directly on the new futures and options exchange following approval by regulatory authorities in the UK. With the granting of recognised status by the Financial Services Authority and
US companies that are able to forecast their cash needs enjoy significantly greater investment yields than firms who have no forecasting methodology. Or so claim there authors of the 2004 Corporate Liquidity Survey, published on Friday by consultants Treasury Strategies.
SunGard says Toronto based Lionhart has selected the Monis Convertibles XL analytics libraries with the credit module for credit default swap and asset swap analysis. It will be used by traders and risk managers in Toronto, New York and London,