News

Euroclear Goes Direct in Austria

In a taste of things to come, Euroclear has decided to sidestep the gatekeeper to the CSD in Austria. It has ended its contract with Bank Austria Creditanstalt and will from December 10 interact directly with the Austrian CSD, Oesterreichische

Zurstrassen Parts Company with Credit Agricole Indosuez

Patrick Zurstrassen, managing director and president of the management committee at Credit Agricole Indosuez Luxembourg, will leave the bank shortly. It seems that Zurstrassen one of the biggest names in European fund administration, and the man who did more than

Fintuition Extends Operations to New York

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

BBH Launches Its Latest FX E-Commerce Product

Brown Brothers Harriman (BBH) Foreign Exchange has released one of its latest e commerce tools FX ORDERView an electronic limit order management system designed to help clients streamline the limit order process and track the status of limit orders in

T+1 Conference At Toronto Stock Exchange

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

FETA Confirms UK Transfer Agency Ambitions

John Pauly, managing director of Luxembourg based transfer agent First European Transfer Agent (FETA), has confirmed that the company has ambitious expansion plans in the United Kingdom. While visiting London for a conference, Pauly confirmed that FETA expects to have

EuroCCP Goes Live at Nasdaq Europe

EuroCCP, the central counterparty (CCP) built and owned by The Depository Trust and Clearing Corporation (DTCC) for the Nasdaq Europe trading platform, went live today. EuroCCP will provide netting and clearing services to trades executed in both US and European

Clearstream Decision Expected Shortly

An official response by Clearstream to the rivals bid from Deutsche Borse and Euroclear is expected on Friday, when the Clearstream board is scheduled to meet. The nature of the response is impossible to predict, but a Clearstream spokesman points

Parkes Sees Potential at Deutsche Bank

Shaun Parkes, former vice president and global product manager for collateral management services at the Bank of New York (BNY) office in London, says he joined Deutsche Bank primarily because he saw vast potential for growth. Certainly, hiring Parkes is