Euroclear, enlarged by the acquisition of multiple CSDs, has as a result suffered from the fall in equity market values. The value of securities held in custody by Euroclear on behalf of clients at the end of last year totalled
Sun Microsystems will be technology provider for Euronext.Liffe, chosen recently by the Chicago Board of Trade to host their new trading platform. Sun will supply the infrastructure and managed services to support the platform. The CBOT, the world's oldest futures
Northern Trust says Catholic Health East has chosen the bank as global custodian to $1.2 billion in operating and pension funds. In addition, Northern will provide risk and performance and securities lending services. Northern claims to be custodian to a
I am writing you to comment on your recent article re your annual Primebrokerage Survey. I must tell you that when I read the piece re CSFB and the language used it made me laugh. The lack of due diligence
Deutsche Bank announced today that its Domestic Custody Services business has implemented its db Trader 4.0 custody operations platform in Hungary. Hungary is the first of the Bank's operations in Eastern Europe to implement the system. db Trader 4.0 has
The boards of Gjensidige NOR and Den norske Bank (DnB) have agreed to increase the cash consideration in their merger terms from NOK 23 per share to NOK 43 per share in Gjensidige NOR. The new terms still mean a
Trading technology providers GL TRADE today announced the appointment of Patrick Tessier as the new CEO and Giles Newman as the new Sales Director of its London and Northern Europe business unit. As CEO, Tessier will be responsible for developing
The State Bank of India (SBI) has implemented a reconciliations tool supplied by SmartStream Technologies in its Foreign (or Forex) Department in Kolkata. Smartsream says SBI the largest bank in India, with more than 9,000 branches and over 200,000 employees
Reech Capital says it has been selected by Irish Life Investment Managers (ILIM) to supply independent valuations of derivative products. Reech Capital will provide independent valuations to ILIM using FastVal+, an online portfolio valuation engine that allows derivatives users to
Platinum Capital Management has launched the Platinum All Weather Fund. The fund manager says the new fund is designed to deliver very low volatility absolute returns. The portfolio is invested in broad based equity index baskets, long and short, with