$91 million flowed out of US junk bond mutual funds in the week ended 23 July, making it three weeks in a row of net outflows, according to AMG Data Services. It seems chasing yield in a low interest rate
JASDEC is start testing the DvP for NETD system it is due to launch in May next year. The tests will commence in November. JASDEC says it will run both bi0lateral connection tests with each participant and market wide tests
Teiichi Aruga, chairman of the Supervisory Board of CSK Software AG, announced today that Johannes Untiedt (52) has resigned as chief executive officer of CSK Software AG. "As his ideas for the future business strategy of CSK Software differed from
Sales of AAA rated money market funds were up in the second quarter, with euro (up 10.1%) and sterling (up 9.5%) funds selling particularly well. Or so claims a report published today by the Institutional Money Market Funds Association (IMMFA)
The GL TRADE group turned over 62.5 million in the first half of 2003 2.3 per cent up on the first half of 2002. Turnover outside France accounted for 72 per cent of the total, against 66per cent in the
It is reported from Tokyo that the Securities and Exchange Surveillance Commission (SESC) in Japan is expected to file an unprecedented criminal complaint with the Osaka District Public Prosecutors against the Osaka Securities Exchange (OSE) alleging market manipulation by a
Everybody knows bond funds are popular. Now a report from mutual fund analysts Fitzrovia International shows that the bond fund assets of the largest 30 companies offering funds domiciled in Luxembourg and Dublin the two main cross border fund administration
Mizuho says it has encountered problems in its link to the JASDEC Pre Settlement Matching System (PSMS) in Tokyo. The consequent impact on the overall performance of its custody system led to the cancellation of a number of transactions where
European fund managers believe they are paying more for research than traders, says a Greenwich Associates study of the European equity investing market. They told Greenwich researchers that they believe a much higher proportion of their total commissions are applied
COR Financial Solutions says that PARAGON, its portfolio collateral management and accounting solution, has been implemented by the Doral Financial Corporation of Puerto Rico. Doral Financial, located in San Juan, Puerto Rico, has licensed PARAGON to manage its investment portfolio.