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, 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
Asset Control, the investment data integration provider, has introduced a cheaper and simpler version of its data vendor connectivity solution. AC SmartFeed is a what Asset Control calls a "plug and work solution for no hassle loading of data from
The requirement to set aside capital to meet operational risk under the terms of the Basel II Accord is changing the economics of the custody industry, say Ashwin Roongta and Sanjay Taneja, two Senior Consultants working in the Banking and
OneChicago says 73,827 security futures contracts traded in November. Open interest stood at 162,367 contracts on November 28. The top five security futures products by volume in November were Microsoft Inc. (MSFT1C) with 5,855 contracts traded, Best Buy Co. Inc.
Wachovia Corporate and Institutional Trust has been appointed stock transfer agent for Overnite Transportation. Wachovia will also serve as administrator for the company's employee stock option, stock purchase and share bonus plans. Headquartered in Richmond, and a subsidiary of Union
Trintech Group, a provider of transaction management and payment infrastructure solutions, says State Bank of Mauritius (SBM) has implemented its PayWare MPI system to provide payment authentication to SBM merchant customers under the Verified by Visa and MasterCard SecureCode programs
RTS Realtime Systems Group has signed a contract to use Radianz's market infrastructure, RadianzNet, to distribute its new RTD Connect product to financial professionals worldwide. Radianz says RTD Connect enables proprietary traders, brokers, day traders, and hedge funds to trade
Julie Dickson is to head transition management at Mellon Global Investments Limited, the international distribution subsidiary of Mellon Financial Corporation. As Director of Transition Management Marketing for Europe, her brief is to develop Mellon's transition management business in the region.
AFA Systems plc, the AIM listed provider of software to banks and fund managers, has acquired Strategic Asset Management Solutions Limited (SAMS). The Board of AFA Systems announced that it had entered into a conditional agreement for the acquisition of