Following the precipitous drop in its share price yesterday and today, amid concerns about the need for a capital injection into its ailing insurance subsidiary Winterthur, Credit Suisse Group said it could not think of any "objective reasons" for this
Paul G. Haaga, Jr., Executive Vice President and Director of Capital Research and Management Company, of Los Angeles, was elected today to a one year term as Chairman of the Investment Company Institute, the national trade association of the American
Omgeo, the virtual matching utility, says Financial Technologies (India) Limited (FTIL), a provider of exchange trading solutions for the Indian securities market, has joined its global STP Partners Program. This agreement will link FTIL's STP framework, the FT e.Cosystem™ with
To achieve compliance with anti money laundering regulations introduced in the wake of terrorist attacks of last year, the US banking, securities and insurance industries will spend a combined total of US$10.9 billion through the end of 2005, according to
Sun Microsystems announced at Sibos today that its entry level servers will be pre loaded with FIX software, enabling buy side and sell side firms to communicate in the FIX messaging protocol without additional expenditure on software. The FIX solutions
Barclays Capital and Schroder Salomon Smith Barney (SSMB) have joined MTS Ireland. This takes the total number of market makers in Irish government bonds on EuroMTS to nine. Barclays Capital and SSMB, which has also become an official Primary Dealer
BISYS announced today that it has been selected to support Connecticut based Advest, Inc. and the launch of its new, private labeled Individual(k) retirement plan product. BISYS will support the retirement plan alternative, which was introduced as a component of
The management of defined contribution pension (DC) schemes is woeful, everywhere. Or so says a global survey of the DC pensions world by Mercer Human Resource Consulting. "While plan management practices undoubtedly fulfil minimum regulatory requirements, many fall short of
HelioGraph, the IT firm which specialises in Straight Through Processing (STP) and Financial Messaging solutions, announced today that Fortis Investment Management (FIM) has chosen to implement Helio TradeFlow to provide it with electronic trade confirmation (ETC) and electronic trade settlement
The Nordea Banking group announced today that they have become a participant of GSTP, the global securities trade matching utility. Nordea Group is already a member of the Global Straight Through Processing Association (GSTPA), the industry body that defined the