Shadow Financial Services, a New Jersey headquartered provider of back office systems, announced today that the Canadian based self clearing broker dealer Maple Securities had become the first client of the real time interface to DTCC settlement services in its
Eurex, the international derivatives exchange controlled by Deutsche Borse, says it has already set a new world record in trading volume in 2002. Based on the preliminary figures, which include estimated volumes for the last five trading days of the
The "global" settlement between US regulators and the leading investment banks over alleged conflicts of interest on Wall Street could amount to as much as $1 billion in fines and penalties, say reports. Regulators were organising a news conference on
CIBC Mellon is Canada's highest rated transfer agent. Or so says a survey of services provided to issuers and registered shareholders conducted by Group Five, a consulting and corporate services research firm. CIBC Mellon achieved top ranking in "overall satisfaction"
SEI Investments announced today that its Alternative Investment Fund Services unit has hired Michael Leahy as its Head of Alternative Investments Operations. Leahy joins SEI after eleven years with Goldman Sachs's Hedge Fund Strategies group a $4.4 billion hedge fund
BISYS announced today it had acquired Washington based Select Insurance Marketing Corporation (SIMCO), an insurance brokerage firm specializing in the wholesale distribution of long term care insurance. Terms of the transaction were not disclosed. BISYS is looking to expand its
Wilco International announced today i is developing a new range of SWIFT messaging functionality, including a new workflow monitoring tool for asset managers and a message input solution, both of which will be usable with Wilco's SWIFT service bureau. The
The Bank of New York (BNY) announced today that Ambac Assurance UK Limited had chosen the bank provide paying agent and custody services for its European secondary market insurance program. The program facilitates the provision of a triple A rated
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