Dematerialisatin of stock certificates in Japan took a major step forward yesterday with the news that the Legislative Council advisory committee had published a fresh draft of the necessary revisions to the Commercial Code. Unlike the interim proposal announced by
One in ten jobs in the US IT industry are at risk of being exported to low cost emerging markets such as India or Russia by the end of 2004, according to computer consultancy Gartner Inc. Its report, entitled U.S.
Aviva, the UK insurance, life assurance and pensions company formed by the merger of Commercial Union and Norwich Union, says worldwide bancassurance life and pensions sales were up 56 per cent from 179 million to 299 million in the first
U.S. and European institutions investing in convertible securities tend to have the same amount invested on average, but use different portfolio strategies and (in the case of hedge funds at least) use different leverage ratios. These are key findings of
City Networks says Fortis Clearing is to implement its CityNet Enterprise Reconciliation (Insight) product. Fortis Clearing has purchased the Insight solution to reconcile its open positions, open trades, open trade equity and option market value in the company's London office.
Bivium Capital Partners a San Franciscio based fund of funds founded by president and CEO Les Hollis, President and three former colleagues at Goldman Sachs, which specialises in emerging fund managers has launched an investment management boutique for public and
Vermeg, the Paris based securities services software provider, announced today that its MEGACOR corporate actions solution has secured a SWIFTReady Label. MEGACOR, which is fully ISO 15022 compliant, provides SWIFT messaging and workflow management, but also aims to automate the
Order management systems are the new, new thing in the US securities industry, as it grapples with cost reductions and straight through processing. Or so say Celent Communications in a new report entitled, "Sell side OMS Market in the US
In a joint comment letter filed with the Financial Accounting Standards Board (FASB), The Bond Market Association (Association) and the American Securitization Forum (ASF) expressed concerns and recommended revisions to proposed amendments to FASB Statement 140, which sets accounting standards
Northern Trust says it has launched a new risk management product for its institutional clients. The so called Northern Trust Event Analyst aims to enable clients to select and monitor distinct classes of marketplace events and their impact on institutional