Aviva Funds, the Luxembourg domiciled fund range of the Aviva group, has obtained authorization from the Czech Securities Commission to distribute 24 of its sub funds to private investors in the Czech Republic. Aviva Funds has appointed Ceska sporitelna as
NADP Brokerage Services Group, a division of Automatic Data Processing, Inc. said the Product Development Group of its fixed income processing division achieved CMMi Level 2 certification for its continued efforts in managing business process improvements. The Software Engineering Institute
Lithuania's investment climate might be about to worsen, just as the eastern European country expected to enjoy greater global market inclusivity and capitalization after it joins the EU on May 1. This view was put forth this week in an
ISMA says that many repo transactions remain mismatched for long periods of time, which is common practice in speculative repo trading in the more highly developed US market. Currently some firms confirm only the first leg of buy sell back
Norwich Union, the UK's largest insurer, has agreed to sell the Norwich Union Mortgage Club (NUMC) to Bankhall, one of the UK's leading suppliers of intermediary services. The sale is expected to be completed by the end of the first
Sonic Software, a leader in distributed, standards based integration, and TeliaSonera Finland said they have successfully deployed an international corporate payments processing service. Its eCenter Messaging Service reduces corporate processing costs and improves cash management, the companies said. Built on
SunGard Trading and Risk Systems and Equalt Alternative Asset Management said that two of SunGard's pricing products would be used by Equalt to price its complex equity correlation products. SunGard's Reech Automatic Derivatives Pricer (ADEP) and Reech Analytics Library (REAL)
Landesbank Baden Wrttemberg (LBBW) is extending its use of the connectivity solution, AutoDeal, to become the first German bank to transact its EuroFX deals using a fully automated electronic dealing channel. In addition, LBBW is adopting an AutoDeal adaptor to
European banks will be spending $1.7 billion on measurement, analysis, and reporting systems by 206, as they grapple with an almost overwhelming number of new regulations and supervisory guidelines, such as Basel II and CAD3. Or so say consultants Celent
Russell Mellon CAPS has decided to re name itself Russell Mellon. The new name has already been adopted by the American arm of the organisation, which was previously known as Russell Mellon Analytical Services. "We are becoming increasingly successful in