BNP Paribas Securities Services says its Frankfurt clearing and custody operation, which it acquired from JP Morgan in 1995, has secured four German pension fund mandates worth a total of over ?10 billion in the first six months of this
GL TRADE has teamed up with LG FUTURES to enable clients to trade on KOFEX, the Korean Futures Exchange, through GL NET. In addition to The Tokyo Stock Exchange, TIFFE, Osaka, KOSPI, HKFE, SGX DT and SFE, KOFEX is the
UK based telecommunications provider Syntegra has joined the Financial Information eXchange (FIX) protocol organisation. The aim is to develop what Syntegra calls "a cost effective, secure and centralised FIX messaging utility." Syntegra provides a secure IP based electronic communications network
Bank Austria Creditanstalt (BA CA) has set the offer price for the its IPO at Euros 29 per share. The offer was several times oversubscribed during the bookbuilding process. In total, 33,031,740 shares have been placed in the global offering.
Principal Global Investors says it has appointed Grant Forster as CEO of its London based European operations, Principal Global Investors (Europe). Grant replaces Kirk West, who has moved back to Australia to serve as Country Head for the company's growing
Northern Trust says AMF Pension, one of Sweden's largest pension insurance companies, has chosen the bank as its global custodian. Northern Trust will provide global custody services to AMF Pension's US$ 9 billion in global securities, as well as securities
The number of trades on SETS, the London Stock Exchange's electronic order book, increased to 2.66 million in June 2003, 44 per cent higher than the 1.84 million trades in June 2002. The value traded on SETS increased by nine
State Street says UK pensions and life assurance provider Aviva has appointed the bank as transfer agent to its Luxembourg funds range. The American bank says it is "one of the first" instances in which transfer agency will be shared