News

Eurex Bond Platform Up 37% On 2002 So Far

Eurex traded and cleared 74.5 million contracts in November. Market participants have turned over a total of 949 million contracts in 2003 to date, a 27 per cent increase over the previous year's January to November volume and or 202

Skandia Report Details Boardroom Rake-Offs

The chairman of Swedish insurer and pensions group Skandia resigned yesterday after a report disclosed that senior executives had misled the board and auditors, collected excessive bonuses and made shareholders pay for private apartments.Chairman Bengt Braun, who took over earlier

Ulf Noren Quits Den Norske Bank In Wake Of Merger

Den norske Bank (DnB) has named the Section Heads in DnB NOR Markets, Securities Services Division, following the recently agreed merger with Gjensidige NOR. The musical chairs have proved predictably difficult, with more candidates than jobs. Most importantly, Ulf Norйn,

Asset Control And WM Datenservice In Data Feed Collaboration

Asset Control and WM Datenservice, a provider of data on German financial instruments, have agreed on the joint development of the VF1 feed interface for Asset Control data management solutions. This automated feed handler will map the VF1 feed in

Bancmetrics Acquisition A Success, Says COR Financial Solutions

COR Financial Solutions says that, two months after acquiring the assets of Bancmetrics, the US based application service provider of portfolio accounting and analytics services, revenues are up 50 per cent. "This significant increase just goes to prove that the

Optima Fund Management Launches Perennial Growth Fund

Optima Fund Management is launching the Perennial Growth Fund, a long short US and international equity fund focused on the technology, media and telecommunications (TMT) sector. The Perennial Growth Fund is advised by Wayne Wilkey of Ampere Capital Management, a