Macgregor(TM), the provider of buy side trade order management systems (OMS) and FIX network services, today announced the opening of a Hong Kong office to support their local client base and accelerate regional expansion. Spearheading Macgregor's efforts will be Arnaud
BrokerTec Futures Exchange (BTEX), the US fixed income futures exchange, announced today that a decrease in the minimum tick size on the five year Treasury note contract will be implemented as of Friday, February 14, 2003. At that time, the
Marco Baggioli, the former chief of Monte Titoli in Milan, has joined JP Morgan as vice president and head of its American Depositary Receipt (ADR) Group for Europe, Middle East and Africa (EMEA). He follows former JP Morgan Milan colleague
Credit Commercial de France (CCF), part of the HSBC Group, has selected SmartStream Technologies, a provider of transaction management solutions, as part of its Straight Through Processing (STP) strategy. The decision by CCF builds on SmartStream's existing relationship with the
The president of the Washington based mutual fund trade group, the Investment Company Institute, today issued a statement on the Securities and Exchange Commission's proposal to require mutual funds to establish internal compliance systems to ensure that all mutual funds
onExchange, Inc., a provider of clearing and trade processing technology, today claimed that the latest version of onExchangeSM Core can significantly reduce the cost, risk and time needed to build a back office IT platform. "Core is an advanced, real
Reducing barriers to the creation of a single European capital market through the so called Lamfalussy process will fail. This will necessitate the creation of a European equivalent of the Securities and Exchange Commission (SEC), which will rely initially on
Eurex traded and cleared 85 million contracts in January, its second highest monthly volume to date. Compared with January 2002, trading on the exchange grew more than 30 percent, with an average of some 3.9 million contracts traded per day.
The Bank of New York today announced a partnership between its Ivy Asset Management subsidiary and DBS Asset Management (DBSAM) in Singapore. As part of the agreement, Ivy and DBSAM will launch the DBS Absolute Return Fund, the first in
JPMorgan Investor Services announced today that is relationship with AXA has expanded to include the custody business of AXA Investment Managers Deutschland GmbH. It gives Morgan control of assets valued at EURO 9 billion in 20 to 24 special funds.