Insight Investment said it supports the Financial Security Assurance's policy, entitled CP176, to limit the scope for sorting and bundling to execution services and investment research. Alan Denholm, deputy chief investment officer at Insight said, "We fully support the proposals
Dow Jones Indexes said it will conduct a pilot program in which the opening and closing prices of Nasdaq listed stocks from the American Stock Exchange will be used to calculate the Dow Jones Averages. The exact start date of
The "Wertpapierwelt" the first international museum to exhibit securities opened its second exhibition this week, entitled "Rich and Powerful" in Olten, Switzerland. The new exhibition is devoted to the rich and powerful figures of economic history, including people with famous
Software provider Ridgian and application integration appliance provider Cast Iron Systems have announced a strategic alliance to provide business solutions to the High Street banks in the UK. Ridgian provides tailored software solutions in areas such as e business, database
Law firm Grant & Eisenhofer has attracted shareholder accolades in two "awards" it earned last year from Securities Class Action Services, a division of Institutional Shareholder Services. The Wilmington based firm was ranked Number 1 in average shareholder settlements of
Software and services provider Blue Curve accuses investment banks of complacency by failing to ensure that their IT systems are in compliance with the Financial Services Authority's (FSA) new conflict of interest legislation despite a looming regulatory deadline. The FSA
Washington, May 10, 2004 The Investment Company Institute today expressed strong support for the SEC's proposed amendment to Rule 12b 1 to prohibit mutual funds from paying for distribution of their fund shares with brokerage commissions. In December 2003, the
BNP Paribas Securities Services has been appointed as the sole service provider for RAB Capital's newly established Dublin domiciled fund. The BNP Paribas operation in Dublin will provide fund administration, transfer agency, trustee and global custody services to the fund,
Charles River Development has appointed Cameron Field as Managing Director of its Asia Pacific operations. Formerly Director, Sales and Marketing, for Charles River in EMEA and Asia Pacific, Field's new role will focus on the expansion of Charles River's business
Linedata says that Duff & Phelps Investment Management Co. has chosen its LongView Trading to provide them with automated portfolio modeling, electronic trading, and compliance monitoring. The system is scheduled to be implemented this summer.