BISYS announced today that Merrill Lynch has expanded its outsourcing relationship with BISYS to include transfer agency services for its Dublin based UCITS umbrella fund. BISYS will service the fund from Ireland. The fund, Merrill Lynch Global Selects Portfolios plc,
InvestHedge has published the list of award winners at its New York awards ceremony earlier this month, attended by 450 of luminaries in the funds of funds industry. The winner of the InvestHedge Fund of the Year award was the
Netik, a supplier of financial messaging products for the SWIFT network, today announced the launch of their SWIFTNet Gateway product, TurboGateway. This multi service SWIFTNet gateway is available on both Windows and UNIX platforms and allows access to all existing
FXall, the electronic forex trading platform, announced today that it has opened an office in Singapore. It was also announced Amy Goh has been appointed Head of FXall in Singapore. Amy joins FXall from JP Morgan in Singapore where she
Consultancy Rubus says it has delivered a 3 million, two year design and development project to provide the first real time swaps trading system for financial services company Swapstream. The system allows large banks and brokers to trade interest rate
The main shareholders in South African CSD STRATE ( Share TRAnsactions Totally Electronic Ltd) are discussing with the Universal Exchange Corporation Ltd ("UNEXcor") and The Central Depository Limited ("CD") how best to cut costs and increase efficiency in clearing and
Online banking accounts in Germany are expected to increase to 32.6 million by 2007, up 11% (CAGR) from just over 20 million in 2002. Meanwhile, German online trading accounts are forecast to almost double in number from 2.7 million in
The seeming imperturbability of the hedge fund industry suffered a blow today when the Hennessee Hedge Fund Advisory Group announced that the funds in its index produced a negative return of 0.33% in February. Hennessee notes that two of the
Eiger Systems, a UK based supplier of bank validation applications and data, today announced that the Prudential owned Egg funds supermarket had become the first client for BANK WIZARD International, which was launched last month. At the same time, Eiger
BNP Paribas Asset Management has launched two new management concepts Parvest European Bond Opportunities and Parvest Europe Opportunities. These funds, invested in European bonds and equities respectively, will seek out the best investment opportunities, irrespective of indexes andmanagement styles. Each