News

Discovery Capital Management Chooses Trema

Trema, the software house, announced today that Discovery Capital Management, a hedge fund based in South Norwalk, Connecticut, has selected Trema Finance KIT. Discovery will be the first hedge fund in the US to benefit from Trema Finance KIT's straight

Standard Chartered Wins HKMA Euro Clearance Mandate

Standard Chartered announced today that it has today been appointed by the Hong Kong Monetary Authority (HKMA) as the Settlement Institution for the euro clearing system in Hong Kong. The euro clearing system, the first in Asia, will facilitate the

EuroMTS To Add Spread Functionality

EuroMTS says it is planning to introduce yield spread and basis spread functionality, to support its cash and repo trading platforms. Given the significant market share of turnover on the Telematico system together with the fact that EuroMTS benchmark bond

State Street Confirms IFS Purchase

State Street confirmed today that it has agreed to acquire International Fund Services (IFS), the hedge fund accounting and administration business headed by CEO Jim Kelly. The announcement, long expected, follows the example set by BISYS in buying Hemisphere and

Outcome of Japan Tax Issue Hard to Call, Says BoTM

One of the hottest topics in Japanese sub custody today is the impending obligation laid on custodian banks to disclose the ultimate beneficiary of withholding tax reclaims rather than simply submitting them in the name of the bank. To discuss

Trema Selected by Discovery Capital Management

At today's Fund Forum Conference in Rome, Trema announced that Discovery Capital Management, a hedge fund based in South Norwalk, Connecticut, has selected Trema Finance KIT. Discovery will be the first hedge fund in the US to benefit from Trema

IFX Direct Upgrades Forex Trading Platform

IFX Ltd, the London based financial market maker, announces a major upgrade to IFX Direct, the innovative online FX trading platform, now offering instant trading in both spot FX and EFP currency futures (EFPs). The upgrade builds on a tried

Romain and Cael Join CDC IXIS

Jean Gabriel Romain has recently joined the Custody Services department. As manager of the sales department "investor services" while Emmanuel Cal was made manager of risk control in the same business line. The Custody Services department, part of CDC IXIS