News

Second Part of ISMA Survey is Due on Jan 22

The International Securities Market Association (ISMA) is holding a press conference to publish the second in its new series of European repo market surveys, designed to enable participants in Europe's cross border repo market to gauge its size. The repo

Delaware Mutual Funds Go For 'eDelivery'

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

SmartStream Technologies In CORONA deal with Dexia BIL

SmartStream Technologies, the leading transaction management STP solutions provider, is pleased to announce that Dexia Banque Internationale Luxembourg (Dexia BIL) has selected the Corona CS (Client Server) solution to automate its reconciliations process and provide a foundation for Straight Through

Former TradingLinx CEO Looks to Acquire Abandoned Code

According to a report in Wall Street & Technology, former TradingLinx CEO Gordon Henderson has the backing to resurrect the failed alternative to GSTP axion4 and Omgeo. The reports says After a two year run which featured more twists and

Shares of Northern Trust Drop In Aftermath of Enron Fall

Shares of Northern Trust dropped more than 4% yesterday, after the Chicago based firm noted an 18% drop in quarterly profits following a $45 million provision for credit losses largely related to loans to failed energy trader Enron.

Natexis Banques Populaires Appoints HSBC GIS

Global Investor Services (GIS), the custody division of HSBC, has been appointed UK sub custodian for approximately Euro 1.5 billion of its assets by Natexis Banques Populaires. The appointment follows a comprehensive review of the UK sub custodian market by

Statement On JPMorgan's Choice of Euroclear as its ICSD

Tom Swayne has issued his resignation from the Clearstream Board of Directors in light of the decision of Clearstream to enter into exclusive negotiation with Deutsche Brse AG. JPMorgan Chase supports a "horizontal" solution to the clearance and settlement infrastructure

JP Morgan Chase To Shift Billions of Euros To Rival Euroclear

JP Morgan Chase will shift billions of euros in business to rivalinternational depository Euroclear, according to Securities Industry News which also reports that Tom Swayne, head of JP Morgan Chase's GlobalInvestment Services unit, has resigned from Clearstream's board.

Hedge Funds Still Outperform Global Equity Markets

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different