The Investment Company Institute, the industry association for the US mutual fund industry, today urged Congress to enact the investment advice legislation and other retirement security reforms in the Pension Security Act of 2003 (H.R. 1000). "Congress has a unique
Milan based Banca Akros SpA, the investment banking arm of Banca Popolare di Milano Group, has selected Summit's Transact ASP platform for FX cash and FX option trading, market making, and risk management activities. Submit reckons the deal coupled with
Iverson Financial Systems, a provider of market data management, says it has added Short Interest Monitor (SIM) a comprehensive source of short interest data from the NYSE, AMEX and NASDAQ that includes 15 years of historical short position information and
Consultants TowerGroup have launched a new consulting practice called "IT Value Management." The new practice is designed specifically to help financial institutions ensure IT spending supports business strategies in ways that increase Return on Investment (ROI) rather than costs. "With
Citigroup Global Transaction Services says it has completed the installation of a new securities trade processing, movement and control system for its custody operations in twelve countries. The new system replaces PC based applications in the Czech Republic, Egypt, Greece,
The UK employers' trade association, the Confederation of British Industry (CBI) today urged the UK government to embark on a multi million pound drive to help small firms offer pensions, with the aim of boosting retirement savings for the millions
A new report from Celent predicts that IT spending in the US securities industry will decline in 2003 for the second year running, representing the first two year decline in the industry's history. Celent says this is scarcely unexpected ,