Securities lending in Norway is on the threshold of sweeping reforms. Proposals are now before the Norwegian Parliament which will authorize securities loans as genuine transfers of title, but not ones which trigger a taxable event. However, borrowers paying manufactured
SSISearch Ltd, a provider of reference data to the foreign exchange markets, has created a global directory of authenticated reference data for fund managers, corporate treasury departments and other trading entities. SSISearch claims that its Global Directory removes one of
Based on the preliminary year end figures for 2003 which include an estimate for the last five trading days of the year a total volume of Euros 3.4 trillion was traded on the German stock exchanges in 2003 (2002 Euros
Eurex says 2003 was a record year in terms of turnover. Based on the preliminary figures, which include an estimate for the last six exchange trading days of the year, a total of 1.012 billion contracts have been traded and
Russell Investment Group has acquired Pantheon, the private equity fund of funds specialist. The agreement demonstrates the growing global appetite for private equity funds of funds. Pantheon will become Russell's solution for private equity services, providing an enhanced and specialized
The Liberal Democratic Party, the ruling party of the Japanese diet, has agreed the likely outline of the tax reform scheduled for agreement by the diet in late March next year. The restriction on holdings of short term Japanese Government
Cable & Wireless, the international telecommunications group, has formed Real Time Nostro (RTN) User Group. The User Group, which will be chaired by Richard Pattinson, Senior Director of Settlement Strategy and Systemic Risk at Barclays, aims to facilitate the exchange
The International Securities Market Association (ISMA) has changed its rules and recommendations governing trading in the international securities market by bringing its rulebook more in line with the TBMA ISMA Global Master Repurchase Agreement (GMRA). The rule change, shortening the
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