Eurex, the world's largest derivatives exchange, announced the approval by shareholders of a corporate restructuring plan for The Clearing Corporation. The decision allows The Clearing Corporation to clear trades for its U.S. regulated and U.S. based exchange, Eurex US. It
Adam Cooper, Senior Managing Director and General Counsel of Citadel Investment Group, was elected Chairman of Managed Funds Association (MFA). Cooper succeeds Samuel S. Weiser, founder of Foxdale Management LLC, as Chairman, according to John G. Gaine, MFA President. Cooper
Euroclear is to launch a new service for Singapore Government Securities (SGS) early in 2004. The Brussels based ICSD says the move completes Euroclear's coverage of Singaporean securities, which already encompasses corporate debt, equities, warrants and investment funds. Launch of
The Bank of New York has announced its plan to integrate Lockwood Financial Services, Inc. into Pershing, creating one of the largest providers of managed account programs with client assets totaling nearly $18 billion. Pershing, which was acquired by The
The Bank of New York has announced its appointment 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, which are
The London Stock Exchange has announced the signing of an agreement with Clearnet to provide the central counterparty for its full, bespoke equity trading service in Dutch securities. The service, which is based on SETS, the Exchange's electronic order book,
JPMorgan has announced its appointment as the exclusive securities clearance provider for Deutsche Postbank AG for its international fixed income securities portfolio, which is valued at more than Euro18 billion. The mandate represents the largest German combined international securities, clearing
Euroclear is pleased to announce that it will launch a new service for Singapore Government Securities (SGS) early in 2004. The move completes Euroclear's coverage of Singaporean securities, which already encompasses corporate debt, equities, warrants and investment funds. Euroclear Bank
City Networks has announced the successful implementation of the latest version of its CityNet Matching module at Bank of Tokyo Mitsubishi. Having gone into production in the London Branch, the CityNet solution will be rolled out globally across the Bank's