Charles River Development, the supplier of order management systems, has formed a partnership with JPMorgan's Electronic Execution Services (EES) to give its clients the ability to use organ's algorithmic stock trading tools in conjunction with the Charles River Investment Management
A report this week by the Asset Management Expert Group, under the auspices of the European Commission, recognizes the importance of asset management as a distinct market sector. Such recognition, coupled with the industry's desire to create a genuine European
City Networks says ING Bank Slaski SA in Poland has selected both CityNet Reconciliation and CityNet Investigation for implementation at its Warsaw and Katowice locations. ING Bank Slaski SA, part of ING Group, will use the tools to settle its
RBC Global Services, Institutional & Investor Services (IIS) was named best overall global custodian by "Global Investor" magazine in its 2004 annual Global Custody Survey. "RBC's reputation for providing quality client service has been exemplified in this year's Global Investor
Mutual fund assets rose to $13.96 trillion worldwide by the end of the fourth quarter of 2003, an increase of about 9 percent for the quarter, according to data compiled by the Investment Company Institute. Asset growth was boosted by
ATTICA LJH Investment Management Ltd, an asset management company based in the UK and he US, will launch its first Austrian hedge fund of funds on May 21, 2004. Backed by Sal Oppenheim and Orsini Rosenberg & Senden, the new
Michael Cashel was promoted to president and CEO this week of Harborside, an institutional block trading service. Cashel previously had been the company's chief operating officer, a job he assumed when joining Harborside in 2002. He replaces Robert Hall, who
The Hungarian Privatization and State Holding Company (APV Rt) plans to sell the nearly 4.7 million shares it holds in Richter Gedeon Vegyeszeti Gyar Rt., Hungary's leading drug manufacturer. APV RT announced a "single turn, open tender" to find a
FXall, the global portal for electronic foreign exchange trading, has been named the number one multibank portal in the Euromoney forex poll for the third year in a row. For the first time the poll measured portals by volumes as
International Financial Data Services (IFDS), a State Street Corp and DST joint venture, said it has successfully completed the conversion of the Merrill Lynch UK retail business onto its FAST platform. Financial Data Services (FDS), Merrill Lynch's Jacksonville, FL based