Thomson Financial, an operating unit of The Thomson Corporation, and Radianz, a provider of market communications infrastructure for the global financial services industry, have announced a strategic agreement where Thomson Financial will have access to Radianzs market communications infrastructure, RadianzNet,
The China Life Insurance IPO last week raised HK$23.5 billion (US$3 billion), a sum close to the top of market expectations, with investors ordering 25 times more shares than were available. Orders from institutional investors topped US$50 billion as investors
Clearstream says its Vestima mutual fund processing platform is now achieving average STP rates of 91 per cent for mutual fund managers, transfer agents and fund distributors connected through it. Transaction volumes also rose by 166 per cent during 2003,
BNP Paribas has announced its plans to join forces with Exane in the equity brokerage arena in order to create an ambitious player in the European equities market under the name Exane BNP Paribas. BNP Paribas and Exane's partnership structure
Financial institutions see regulatory compliance as the single most important driver of business strategy for 2004, according to a survey announced by Sun Microsystems. Of those surveyed, 64 per cent cited compliance with legislation such as Basel II and Sarbanes
Sun Microsystems, Inc. has announced that it has completed the acquisition of Waveset Technologies, Inc., a privately held company based in Austin,Texas. Waveset's products are expected to extend the Sun Java Enterprise System capabilities by centralizing and automating the management
OM has announced that it has been chosen by Singapore Exchange Ltd. to provide a new integrated trading engine. Powered by the CLICK XT(TM) marketplace solution, the new trading engine will be the first fully integrated trading platform in the
The U.S. Securities and Exchange Commission on Thursday charged Heartland Advisors Inc. with fraud, the first time a bond fund has been implicated in the spreading scandal engulfing the $7 trillion mutual fund industry. Heartland mutual funds company was charged
Xenomorph, a provider of enterprise wide data management and analysis solutions to hedge funds and equity, fixed income and derivatives trading operations, says it is now offering Java based access to its TimeScape data management applications. The company says the
OneChicago says it traded 243,198 contracts on Tuesday, approximately doubling the previous Exchange wide daily volume record of 123,600 contracts traded on 10 September. The top five security futures products by volume were Honeywell International Inc. (HON1C) with 13,293 contracts