Investia, the UK based provider of mutual fund processing technology best known for providing the platform that supports JP Morgan FundsHub, has introduced a new platform which complies with SWIFT XML message standards. Investia claims it is the first mutual
Trema say SEB Asset Management, the largest asset management firm in Scandinavia, has gone live with the latest version of Trema Finance KIT. SEB Asset Management, a client of Trema since 1997, has upgraded an existing solution to deliver improvements
Nasdaq says the NASDAQ 100 European Tracker has been listed on the Borsa Italiana and commenced trading yesterday. The exchange traded fund (ETF) is designed to track the NASDAQ 100 Index, which consists of the 100 largest non financial stocks
NeoNet, the institutional agency brokerage, has established a sales and representation office in Frankfurt to strengthen its sales efforts in Germany, Austria and Switzerland. "Frankfurt is a key financial center in Europe and NeoNet is committed to this important market,"
Eurex Bonds the electronic trading platform operated jointly by Eurex and the major bond trading houses has introduced a pre arranged trade facility. In the first three trading days approximately Euros 500 million (single counted) was traded through it. Deutsche
The European Securities Forum has welcomed the merger between London Clearing House and Clearnet as "an important further step toward integrated clearing and settlement in Europe." The lobbying group says that the characteristics of LCH Clearnet concur with ESF's key
The Depository Trust & Clearing Corporation (DTCC) says it is expanding and enhancing its Securely Managed and Reliable Technology (SMART) communications network for post trade clearance, settlement and information services. "DTCC's network, which customers have viewed as highly reliable for
OneChicago has launched eight futures contracts on the Dow Jones MicroSector Indexes SM today. Seven more MicroSector Index futures will be listed Friday. MicroSector Indexes are narrow based equity indexes that include five of the largest and most actively traded
Leeward Hedge Funds, the Torontio based hedge fund group, says its Leeward Offshore Bull & Bear North American long short fund has returned 16.9 per cent net of fees over the last year, and has grown in size from US$500,000
The consultation period for potential changes in legislation enabling non resident institutional investors in Japan to has closed, and change is now imminent. The Financial Services Agency (FSA) in Tokyo hopes revision to the requirements for $B F (Bqualified institutional