FXall, the electronic foreign exchange trading platform, said today that trading volumes passed $9billion in one single day of trading in late December, putting it way ahead of its original business projections. The previous volume record occurred in October, when
Sophis, a self styled provider of portfolio and risk management solutions to the sell side and the buy side, has released a new version of Convertibles On Line, its database with an integrated pricing library for convertible bonds. The new
Kaufman, Rossin & Co., an American accounting firm, has opened an office in the Cayman Islands to meet the regulatory needs of its hedge fund clients. The South Florida based practice is one of a few independent CPA firms in
The Bank of New York announced today that Sadia S.A. has selected the Bank as its successor depositary for its American depositary receipt (ADR) program. Each ADR represents 30 preferred shares and trades on the New York Stock Exchange under
The total number of UK trades on the London Stock Exchange increased to 2.81 million in December 2002, up 23 per cent compared with 2.29 million in December 2001 though there were 20 trading days in December 2002 compared with
VPS, a commission trailing and payment software application created by a Swiss IT consulting and software house called Aquin Financial, is to be sold in Britain by a company founded just sixteen months ago Inceptio. Inceptio, which was started by
As Japanese institutions squeeze broker margins in a weak market, commission rates continue to decline, but there are signs that the decline may soon come to a halt. Or so says a recent study of the Japanese market by Greenwich
Citibank reported today that the Financial Supervisory Commission (FSC) of Korea has included proposal to make cumulative voting mandatory in its report to the Presidential Transition Committee yesterday. Cumulative voting was introduced in 1998, but many Korean corporates have ruled
Dear Sirs, In relation to the information published by Global Custodian.com on Bank Handlowy revolutionizing Polish capital market dated December 17, 2002, and ING response to it I would like to support ING point of view on this subject presented
The WM Company, the Edinburgh based performance measurement consultancy owned by Deutsche Bank, confirmed today what everybody knew already UK pension funds had another year of negative returns in 2002. However, at minus 14.0 percent it is the worst annual