News

SunGard FIX Solution Wins SWIFTNet Ready Label

SunGard announced today that the SunGard FIX Engine version 4.5 has been awarded the SWIFTNet Ready FIX service label. The company says that the SunGard FIX Engine enables financial services institutions to manage large order flows more efficiently, reduce operational

Hynes To Step Down As IMMFA Chairman

David Hynes today announced his decision to step down as Chairman of the Institutional Money Market Fund Association (IMMFA). Hynes who is Head of Fixed Income Structured Products at Gartmore in London has held the position of Chairman of IMMFA

WMC Resources Chooses Bank of New York For ADR Programme

The Bank of New York announced today that Australian minerals company WMC Resources Limited has selected the Bank as depositary for its listed American depositary receipt (ADR) program. The bank now issues depositary receipts for more than 1,400 programs in

Aquin Financial Launches Commission Tracking Solution In The UK

Aquin Financial, a Swiss IT consultancy and software provider, is offering its VPS commission tracking and management solution in the United Kingdom. "The investment fund market needs very flexible methods of dealing with commission management, which are not available in

Axa Rosenberg Renews Outsourcing Contract With BISYS

BISYS confirmed today that California based AXA Rosenberg Mutual Funds has renewed its outsourcing relationship with the company. BISYS will continue to support AXA Rosenberg's $850 million family of 11 funds with fund administration, accounting, distribution, transfer agency, compliance and

MTS Lists Spanish Mortgage-Backed Bonds

MTS announced today that Cdulas Hipotecarias, Spanish debt securities collateralised with pools of mortgages of the issuing entity, will be listed on EuroCredit MTS along with Pfandbriefe and Obligations Foncires, extending the range of benchmark covered bonds available on the

Tatra Banka Buys City Networks Reconciliation Solutions

City Networks, a supplier of software and services to the treasury, securities and derivatives markets, today announced the sale of three products to Bratislava based Tatra Banka CityNet Treasury Confirmation Matching (TRAM), Cash Reconciliation (CARS) and Exception Processing (TIPS). "This