ABN AMRO says Bear Stearns has awarded it a CLS third party services mandate. Alex Buencamino, Managing Director of Bear Stearns, confirmed it. "We wanted to choose a partner, not just a service provider and we found that with ABN
Can the US equity markets get any worse? The quarter just ended was the worst for the S&P 500 in fifteen years and the worst six month period for the index in 28 years. September is traditionally the worst month
Partly as result of the declines in the stock markets, and partly as result of shifts in their investment policies, German institutions have gone from a previously increasing reliance on equities to a dramatic decrease. This is the key finding
The European Banking Association (EBA) announced today that nine additional banks will start live operations with STEP1 on Monday (7 October). On the same day, Alpha Bank of Athens will join the EURO1 system. The addition of Alpha Bank to
Wall Street Systems, the provider of global treasury and capital markets solutions and services, today announced the results of benchmark testing of The Wall Street System treasury engine performed under laboratory conditions at the Hewlett Packard Company's New Hampshire engineering
Nordea announced today that it would be working with Microsoft to speed up the implementation of internet based payment standards for corporate customers across the EMEA region. Through the co operation agreement, Nordea and Microsoft are developing an Identrus backed
Fundtech Ltd, the New Jersey based electronic payments and outsourcing provider, announced today that The Co operative Bank has gone live with its CASHplus cash management solution. The banks is using three CASHplus modules Balance Reporting, Cheque Management (cheque inquiries
BrokerTec Clearing Company, L.L.C.(BCC), the clearing affiliate of BrokerTec Futures Exchange L.L.C. (BTEX), announced today the appointment of Frank Perrone from Deutsche Bank Futures, Inc. as Chairman and Ronald Filler from Lehman Brothers Inc. as Vice Chairman. Perrone has over
September was the most successful month in Eurex history to date With 83.6 million contracts traded, the international derivatives market set a new record in contract volume, beating its previous record of 77 million contracts traded in July 2002. Compared
Union Bank of California announced today that it had opened an institutional representative trust office in New York City. The office is located at 540 Madison Avenue and complements the company's existing trust and retirement plan operations in California, Oregon