JASDEC held industry wide tests over the weekend just passed of its DVP settlement process for non exchange equity transactions. The tests, which involved the major banks and broker dealers, were completed successfully. DVP settlement for non exchange transactions is
The recovery of interest in telecommunications assets is gathering pace. SAVVIS Communications Corporation, the NASDAQ listed managed IP and hosting services provider, on Friday acquired the assets of Cable & Wireless USA and Cable & Wireless Internet Services Inc for
Dutch investment consultancy firm, Fortunis has recently signed up to use Russell Mellon CAPS' AMI database. Fortunis, run by Philip Menco, was set up three and a half years ago to focus mainly on large and medium sized pension fund
Hopes of sweeping reform of the Japanese financial sector received a setback with news that the Japanese government will keep a stake in Shinsei Bank after its IPO next month. According to a report in today's Financial Times, the Deposit
Goldman Sachs used to tease rivals Morgan Stanley after they had acquired Dean Witter, for plunging down market into the retail business. If a Financial Times report today is to be believed, JP Morgan is about to do the same
ADP Brokerage Services Group (ADP), and Reuters have signed a joint development and co marketing agreement to offer integrated desktop products to independent financial advisors (IFAs). The idea is to integrate the ADP ProVisor application (which offers IFAs real time
Like most people, bank CEOs say one thing and do another. Despite spectacular mergers such as JP Morgan Bank One, chief executives of banks, insurers and other financial services companies say they favour organic growth over merger and acquisitions. A
Knowledge Technology Solutions, a London listed provider of financial data technology, is using the Radianz network to distribute its services to over 10,000 financial services sites worldwide that are connected to Radianzs infrastructure. QuoteTerminal, KTSs UK live financial news and
Linedata Services, the Paris based technology provider to the fund management industry, has formed a partnership with Wave Securities, an introducing broker owned by Archipelago Holdings, to offer a FIX interface between Linedata Services' LongView Trading System and RealTick. An
CSK Software has reshuffled its UK management, as it looks to develop a solutions based sales strategy. Ken Cordery moves from his previous sales development role to head up the UK sales team, reporting to global head of sales, Wolfgang