In 2002, GL TRADE maintained strong growth despite tough market conditions. Sales grew by 26% to EUR128.9m from EUR102m in 2001. 2002 sales include a EUR3.3m contribution from Japanese firm CGI International, which was acquired in April 2002. Growth would
Eurex, the international derivatives market, traded and cleared 73.6 million contracts in February. This means volume is up 29 percent over February 2002, with a daily average of some 3.7 million contracts traded. The market participants, who are connected to
US pension funds have shed a trillion dollars of value in the last three years, and now face a serious under funding crisis. Or so says a 2002 study by Greenwich Associates , whose consultant Dev Clifford calls the 2000
Mellon European Fund Services, the fund administration arm of Mellon Financial Corporation in Europe, has chosen The Oceanus Group to provide what the supplier calls (to distinguish it from the tarnished CRM abbreviation?) a "Correspondence Management System" (CMS) to improve
The Central Bank of China (CBC) in Taiwan has agreed to allow Qualified Foreign Institutional Investors (QFIIs) or General Foreign Institutional Investors (GFIIs) to open cash accounts in their custodian bank's name with the custodian's government bond clearing bank. This
The Focus Investment Group says it is ready to launch a new fund of funds on March 1, the Focus Macro Fund, which has been in the works for the past six months. "The decision to launch a Macro fund
Aviva, the UK based life assurance, pensions and general insurance company formed by the merger of Norwich Union and Commercial Union, today announced its preliminary results for 2002. It reported operating profits of 1,798 million, down 9 per cent on
SmartStream Technologies, the London based transaction management provider, announced today the that it had appointed Richard Cummings to its UK Sales Team. Cummings will report to Mark Cappell, SmartStream's European Sales Director. Of his appointment, Mark Cappell said "We are
Platinum Capital Management Limited, the hedge fund investment group, announced today that it had appointed Paul J. Graham as Director UK & Europe. Graham's responsibilities at Platinum will include restructuring fund distribution throughout Europe, the UK and the Channel Islands