Misys Wholesale Banking Systems said it has joined with Currenex in a partnership intended to integrate foreign exchange and money market trade execution services with future Misys service offerings. Following Misys' successful acquisition last year of the market leading Crossmar
MIFA Mitteldeutsche Fahrradwerke AG became Germany's first initial public offering of 2004, listing in the General Standard of the Frankfurt Stock Exchange (FWB) on Monday. The announcement was made by Deutsche Brse which operates the FWB. MIFA's shares were initially
State Street Corporation announced the appointment of Wade McDonald to senior vice president and head of UK client services. He will report to Jeff Conway, senior vice president and head of State Street Investor Services in the U.K., northern Europe,
Bob Gartland, managing director, head of the Global Infrastructure for the Fixed Income Division (FID) and a member of the FID Executive Committee at Morgan Stanley, and chairman of TradeWeb LLC, has joined the Board of Managers at Omgeo a
JASDEC DVP Clearing Corporation (JDCC) has begun delivery versus payment (DVP) settlement service for non exchange transaction deliveries (NETD). According to JASDEC, the volume of DVP settlement today amounted to 82,735 transactions or for 1,087 billion yen in value. The
BISYS said that its previously reported adjustment of $24.7 million ($15.5 million net of tax) to commissions receivable in its Life Insurance division will be increased to approximately $70 million to $80 million (approximately $44 million to $50 million net
The head of a leading insurance broker rendered a harsh verdict on the insurance industry, calling it a business that spends more than it makes, drives underwriters and brokers to merge out of desperation rather than economic sense, and fails
CHIPS has expanded its processing hours to more closely align with the business days across the globe. Financial Institutions with large value payment customers across the continents can now offer payment processing with more convenience and a better use of
SGAM will double its retail fund range at the end of May, following the conversion of its range of unit trusts to open ended investment companies (OEICs) over the weekend of the May 22 to 23, a spokesman for SGAM
INVESCO Real Estate Limited ("INVESCO") and ORCO Property Group ("ORCO") announce the establishment of the ENDURANCE Real Estate Fund for Central Europe (the "Fund") in Luxembourg. The Fund is focusing on a "Core Plus" strategy of acquisition, development, refurbishment and