SunGard Futures Systems says it is making its Octagon system for exchange traded derivatives and futures trade management, processing and accounting available on an ASP basis. Octagon IT Services will aim to provide a secure outsourcing service for futures commission
Mutual fund outsourcing services provider US Bancorp Fund Services (USBFS) says its call centre has received a five star rating from National Quality Review (NQR) for the 12 month period ending December 2003. The company says USBFS's service performance also
Charles River Development says that Standard Life Investments, which as over US$145 billion in assets under management, has selected the Charles River Investment Management System (Charles River IMS) for portfolio management (Charles River Manager), order management and trading (Charles River
Fortis Bank has agreed a three year contract with Radianz to supply connectivity to buy side clients. In a joint announcement, Fortis Bank said it had selected Radianz's infrastructure because it specialises in financial services transactions, and provides efficient and
FXall, the online foreign exchange trading platform, says that the Mizuho Trust & Custody Services has joined it as a liquidity provider. This means that there are now a total number of 47 banks providing liquidity to FXall. &rdquo The
Linedata Services, the Paris based IT company that acquired the ICON and ICON Retail mutual fund processing platforms from Thomson, has unveiled a 3 year strategic plan to invest in the twin systems. Linedata Services has committed itself to increased
The Bank of New York has appointed Yvonne Franklin as client executive for consultant relations in Europe, based in London. Reporting to Benjie Fraser, managing director, European pension funds, this is a new role aimed at as the bank puts
The IBSnet Trade Finance solution has been awarded SWIFTReady Gold Label status for 2004. This is the sixth consecutive year that IBSnet has received it. SWIFTReady Gold certification is the highest level of achievement, and confirms that IBSnet is compliant
Marks & Spencer, the ailing British food and clothing retailer, is following the example of General Motors and raising 400 million in the bond markets to cover its pension fund deficit. The company says the fund raising will raise the
TradeWeb, online fixed income trading platform, says that UniCredit Banca Mobiliare (UBM) has become a dealer participant on its network. "The Italian market represents a significant and growing piece of the fixed income business in Europe," says Lee Olesky, President