REFCO has introduced what it calls REFCO VelocitEtrader, a programme that allows active traders of online mini stock index products (S&P, Dow and NASDAQ) to trade direct from REFCO's electronic platforms, without broker assistance, for US$4 a roundturn. The firm
News that Veritas Software, the California based storage software company, has acquired Ejasent, Inc., a developer of products for utility computing, for $59 million, brings the era of utility computing closer. Veritas says Ejasent's technology provides it with "another key
The Toronto Stock Exchange (TSX) has published a list of the first companies that will trade in its new US dollar trading book from 2 February. They are Alcan Inc, Angiotech Pharmaceuticals, ATI Technologies, Barrick Gold, Canadian Natural Resources, Inco,
Banks are managing to reduce exception rates in transaction processing, and so enjoying a fall of nearly a third in repair costs since 2002. Or so says a SunGard survey of 500 banks around the world. The estimated cost of
Raiffeisen Zentralbank sterreich AG (RZB) has become the fiftieth bank to appoint UBS as its provider of third party CLS services. "The quality of UBS's services and strengths in technology has given us the confidence to further increase our partnership,"
Insight Investment Management, the UK based fund management arm of the HBOSD banking group, has chosen the FMCSylvan software application manufactured by Financial Models Company (FMC) to manage its performance measurement and attribution needs. Insight has over 60 billion of
The Northern Trust Company, a provider of global custody, asset administration, and investment management services, has announced its appointment to provide custody and risk and performance services for Harris Corporation's $2.1 billion defined contribution plan. In addition, Harris Corporation, based
Brown Brothers Harriman (BBH) has announced the appointment of three new partners, Glenn E. Baker, Charles O. Izard, and Yukinori Nagahisa, bringing the total number of general partners of the global financial services company to 41. Baker, 43, joined BBH