Fortis Bank Information Banking, a business line of Fortis Bank, will offer its clearing services in Frankfurt under the name Fortis Bank Global Clearing Frankfurt Branch. This follows the announcement of the official bank status in the Netherlands of Fortis
The trading volume on Germany's stock exchanges increased substantially in March. Order book statistics, which are based on single counting of all transactions in the order book of Xetra and floor trading, show that the German stock exchanges generated an
Eiger Systems says that its EigerPAY Gatewaysoftware solution for BACSTEL IP is the first to be approved by BACS for both use with HSM devices and for use by bureau submitters. The announcement means that the transition to secure, unattended,
LCH.Clearnet has welcomed ISDA's current strategic focus on straight through processing in the OTC swaps market and its acknowledgement of the benefits of clearing in reducing credit and operational risk. LCH.Clearnet says it is the only central counterparty in the
Joe Velli, senior executive vice president of The Bank of New York and head of BNY Securities Group, has told the US Congress that continued use of soft commissions will support the growth of independent research, such as that aggregated
City of Boston officials are trying to decide what action if any they can take against Mellon Financial Corporation one idea is a $1 million payment for outsourcing up to 300 jobs at its Everett operations facility to India, according
LCH.Clearnet said it welcomed ISDA's current strategic focus on straight through processing and its acknowledgement of the benefits of clearing in reducing credit and operational risk. LCH.Clearnet is the only central counterparty in the world providing clearing, through its SwapClear
Sun Microsystems, Inc. this week said its customers and partners are running their consumer websites and grid solutions on Sun's "virtually unmatched" price performance, x86 offerings. These wins mark a broadened footprint for Sun's growth in emerging industries such as
Nikko Group, a Japanese brokerage firm, said it has teamed up with Foliofn, a U.S. online brokerage and back office software provider, to offer the country's first separately managed account service so investors can directly own a variety of Japanese
The Bank of New York is transferring 1,500 securities services operations executives beginning next month to a 229,000 square foot facility in Brooklyn as part of the bank's ongoing disaster recovery efforts, bank officials said this week, as reported in