The Bank of New York announced that, effective December 24th 2001, The Bank of New York ADR IndexSM will be converting to free float adjusted shares from full market capitalization. Free float market capitalization reflects the number of shares actually
Metropolitan West Securities will reportedly purchase Cantor Fitzgerald LP's securities lending operation, sharing profits from the acquisition with Cantor Fitzgerald for two years, according to Bloomberg. The Cantor Fitzgerald division manages about $3.4 billion in customer assets.
Radianz's Internet Protocol (IP) based global financial extranet, RadianzNet, will be used to connect financial institutions to Pacific Exchange's (PCX) electronic trading system. PCX's 500 plus members will be able to use RadianzNet to securely access PCX's POETS system. POETS
JP Morgan Investor Services has launched what it claims is a first a global, round the clock, telephone based client support service. Follow the Sun provides Morgan clients with continuous technical and functional phone support through a rotating help desk
Former Deutsche Bank custody chief and Deutsche Asset Management operationshead Peter Grafunder has surfaced at CapCo, where his brief is to build upthe wealth management practice at the fast growing consultancy.
Euronext has chosen SWIFT as the distribution network for both its trading platform and its CCP services. The pan European exchange and the Brussels based messaging network announced today that SWIFT members can access its trading and clearing technology through
One of the best known figures in Yen custody, Nagatoshi Shimamura, generalmanager, marketing, within the settlement and clearing services division atFuji Bank in Tokyo, is moving out of the custody business. Following themerger of Fuji Bank into the Mizuho Group,
In the wake of the decision by the Clearstream Board late on Friday to pursue discussions with Deutsche Borse only, Euroclear has decided to turn its attention elsewhere. "It is now clear that Clearstream is not interested in having any
KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different
Clearstream International's Board of Directors announces that following its meeting of today, it is recommending to Cedel International to enter into exclusive discussions with Deutsche Brse AG with a view to reaching an agreement on an appropriate price and other