Despite charges of market timing and late trading that plagued some of the largest mutual fund companies in the U.S. last year, investors are still parking their investment dollars in the nation's mutual funds, according to a survey released by
Refco Easy Solutions, a supplier of technology to the REFCO PRO futures trading application, said it has launched a full production version of REFCO PRO from London to support its European clients. REFCO PRO is already in use in the
MFS Investment Management, a subsidiary of Sun Life Financial Inc. said it has settled "administrative proceedings" with the Securities and Exchange Commission (SEC) regarding disclosure of brokerage allocation practices in connection with fund sales. Under the terms of the settlement,
Order management systems provider Tradeware has acquired the business assets of Broker To Broker Networks and its UK operating subsidiary Omiris Networks, which provides cross border connectivity, with the aim of offering a low cost cross border execution and settlement
Man Group has appointed Jonathan Nicholls to the Board of Directors of the Company as an independent non executive Director. He will be a member of the Audit and Risk, Remuneration and Nomination Committees. Jonathan Nicholls joined Hanson PLC in
Man Group says it expects pre tax profits for the year ending 31 March 2004 to be materially in excess of current market expectations. This result has been achieved despite the adverse impact of currency translation on reported year on
Signalling their intention to be a significant player in the mortgage backed securities market Fimat USA, Inc. the US subsidiary of Fimat Group has joined the Mortgage Backed Securities Clearing Corporation (MBSCC), a division of the Fixed Income Clearing Corporation.
LCH.Clearnet has bought ECOFIN's data models FIDM and MODM as part of its next generation clearing applications. LCH.Clearnet's new generation clearing applications will use FIDM and MODM for the complete description of terms and conditions data of financial instruments, and
Rgis Castagn has joined Trema as General Manager, Southern Europe, Middle East and Africa region He has a specific remit to develop the company's presence in France, where its research and development centre is based. Trema clients in France include
The Bank of New York is acquiring privately owned Sonic Trading, a direct access broker with a trading technology division, according to a report in Securities Industry News. The report suggests Sonic will be used by BNY Brokerage the agency