Global Investment Systems Ltd. (GIS), a supplier of specialized accounting software for the securities industry, announced today the acquisition of FutureFirst Software, Inc., a Chicago based hedge fund and alternative investment software company. "GIS has always taken pride in providing
International derivatives market Eurex broke the one billion contract barrier on Wednesday, when the one billionth contract in a single year was traded on the exchange. Trading volumes in 2003 to date exceed the 2002 total of 801 million contracts
ABN AMRO says it has been awarded the third party CLS services mandate for the Clearing Corporation of India Limited (CCIL). CCIL has chosen ABN AMRO's Advanced Third Party CLS service, enabling it to go live with all of the
CMS WebView, the UK based provider of software systems for real time financial data distribution and management, says it has placed 25 million new shares with institutional and other investors at a price of 10 pence per share to raise
The Association of Tokyo Stock Exchange Regular Members (ATSERM), a securities industry group in Japan, has decided to shake up its organisation and ambitions after losing a number of members, and especially foreign members. One Tokyo based observer says the
The Tokyo Stock Exchange (TSE) has eased its ETF listing criterion. From February 2004, the minimum number of shareholders in exchange traded funds (ETF) will fall from 500 to 100. ETFs with less than 100 shareholders at the end of
The Australian government says it will make the necessary alterations to the tax regime to enable the Australian Stock Exchange (ASX) to consolidate its equities and derivatives clearing houses and create a single Australian Clearing House (ACH) to act as
The Clearing Corporation (CCorp) and Eurex Clearing have finalised how their Global Clearing Link will work. The link aims to give customers a choice of clearing through Eurex Clearing and CCorp for US Dollar and Euro denominated products traded on
SunGard Securities Processingsays that Branch Banking and Trust Company (BB&T) and US Central Credit Union have both signed multi year contracts continuing their use of SunGard's InTrader for managing their fixed income securities transactions and back office operations. Founded in
DailyVest, a provider of "out of the box" investment personalization and performance measurement technology for account access websites and statements, has enhanced its offering. The enhancements provide an in depth look at personal performance at the asset class, subclass, industry