Clearstream announced today that it was buying Filinks from CDC Ixis Capital Markets, in order to enhance the mutual fund processing capabilities of its Vestima platform. Filinks has developed a technology (FORS) which Clearstream says can dramatically improve STP rates
Asset Control today announced the release of AC Desktop 2.0 and AC Server 5.0. It says both deliver significant improvements in functionality. The new AC Desktop makes "golden copy" data easily accessible to non technical users, says the company, giving
A total of Euros 3.5 trillion will be traded on the German stock exchanges in 2002. This is 22 per cent down on the Euros 4.5 trillion traded in 2001. Or so say preliminary figures for the year 2002, which
SWIFT will supply messaging services to MEFF, the central counterparty and Spanish financial futures and options exchange. The agreement was signed in Madrid today by Jos Massa, Managing Director of MEFF parent Grupo Mercados Financieros, and Francis Remacle, a Member
BNY Trust Company of Canada, a subsidiary of The Bank of New York, announced today that it has been selected to serve as custodian, security agent, master servicer and special servicer for Falcon Trust, Summit REIT Limited Partnership's CAD $147,500,000
The Financial Services Authority (FSA) has fined Credit Suisse First Boston International (CSFBi) 4 million for attempting to mislead the Japanese regulatory and tax authorities. This is the highest fine ever imposed by a UK financial regulator. Formerly called Credit
The London Clearing House Limited (LCH) announced today that it has launched a clearing service for OTC power transactions through its LCH EnClear service. The London based clearing house is working with the European Energy Derivatives Exchange N.V. ("Endex") and
The Sierra Club an American environmental pressure group with 700,000 members has teamed up with Forward Management to offer its members and other Green enthusiasts mutual funds. The Sierra Club Funds will select securities for potential investment based on environmental
SWIFT announced today that Gartmore Investment Management and Dresdner Kleinwort Wasserstein Securities (DrKW) are using the SWIFTNet FIX service to communicate FIX allocations. They are the first fund manager and broker dealer to make the transition from the SWIFTNet pilot
Morgan Stanley and BISYS today announced a strategic alliance to provide self employed business owners with stronger and more efficient retirement programs through the Morgan Stanley Individual(k) Program. The alliance will see the Morgan Stanley Individual(k) program use BISYS technology