Clearstream Banking announced today that three major mutual fund mangers had signed up to use Vestima, its mutual fund processing solution. Aberdeen Luxembourg, Dresdner Bnak Luxembourg and Alliance Capital Management join Schroder. They join other major new Vestima users including
NeoNet, a provider of real time equity trading services for institutional investors and broker dealers, today announced that it now offers electronic trading access to NASDAQ via its exchange network. Through the company's electronic exchange network, clients enjoy a single
Deutsche Brse AG is continuing to expand its XTF Exchange Traded Funds segment. The first fixed interest exchange traded fund has been trading in XTF since Friday. The Xavex SICAV Dynamic Bond Portfolio Fund is available with automatic dividend reinvestment
The London Stock Exchange announced today that it has established a local presence for the Nordic region, following 12 months of intense marketing activity and an increasing commitment to the region. The new representative office, to be based in Stockholm,
Wilco International, a subsidiary of Automatic Data Processing, Inc. (NYSE ADP) has acquired German financial software and services provider ISAM GmbH. ISAM is a private German company based in Frankfurt, with a subsidiary in Prague. ISAM has a portfolio of
Dresdner Kleinwort Wasserstein (DrKW) announced today that Masanori Katagiri has joined the firm as Director and Head of Equity Derivatives Structuring, Japan. He will head a team focused on providing innovative solutions for both financial institutions and corporates, and will
Members of the International Securities Market Association (ISMA) have today elected one new member and re elected four existing members to the board of the Association. The elections to the board took place this morning at the ISMA annual general
Man Group reported today that annual pre tax profits were up 19 per cent to 213.2 million. The company also reported that funds under management at 31 March were up 60 per cent to $10.7 billion. It says the last
Hong Kong Exchanges and Clearing Limited (HKEx) and the London Stock Exchange are working together to make it easier for companies to list in both Hong Kong and the United Kingdom. In addition, the exchanges plan to introduce the trading
Man today announced the proposed acquisition of RMF for $833 million in cash and shares. RMF is a provider of alternative investment products in Europe, with funds under management of $8.5 billion. It focuses on the institutional market, providing tailored