Standard Life Investments has appointed Bill Lambert as Head of Middle Office. This new position has arisen as a consequence of the recent decision to outsource Standard Life Investments' Investment Administration to Citigroup. Working with William Littleboy, Operations Director, Lambert
National Securities Clearing Corporation (NSCC) and the Fixed Income Clearing Corporation (FICC) say they will support an interface between their Real Time Trade Matching (RTTM) system and the National Association of Securities Dealers' (NASD) Trade Reporting and Compliance Engine (TRACE)
The Clearing Corporation (CCorp) yesterday said it had entered into an agreement in principle with The Options Clearing Corporation (OCC) to provide futures post trade execution services for OCC. The agreement supports futures trading on futures markets that are affiliated
Northern Trust Global Investments ("NTGI") London has appointed Kevin Hardy as its new European director of transition management. He will be based in London with the remit to run NTGI's existing transition management product and service offering to institutional clients,
Summit Systems has appointed Kathy Perrotte, who is returning to the firm after a year long sabbatical, as Chief Operating Officer at its New York headquarters. Perrotte, a co founder of Summit in 1990, previously served in a wide range
BISYS, a provider of business process outsourcing solutions for the financial services sector, reported the results of its fiscal first quarter, which ended September 30, 2003. For the fiscal first quarter, BISYS reported net income of $4.8 million or $0.04
JPMorgan Treasury Services, a unit of JPMorgan Chase and a leader in global payment, trade finance and treasury management, announced enhancements to several products, including Image Lockbox Cost Benefit Calculator, Accounts Receivables Conversion, and Payable Web Service and Payee Verification.
FlexTrade Systems, an equity trading and order management system, announced that Sanford C. Bernstein & Co., LLC has installed FlexTRADER at the firm's program trading desk. FlexTRADER offers portfolio trading functionality and quantitative analytics. "To build a sizable institutional business
The Bank of New York announced that it has been appointed by Co operative Insurance Society (CIS), the UK life and general insurer and investment provider, for its US$4.3 billion global custody mandate for all of CIS's non UK assets,
Clearing House Interbank Payments System (CHIPS) implemented several Internet based enhancements to provide easy access to the system, Internet based management reporting, and further improvements to the efficiency of the clearing process. The first web based application is Supplemental Funding,