The Financial Accounting Standards Board (FASB) today published new US accounting rules which analysts fear will force off balance sheet transactions back on to corporate balance sheets, hammering the collateralised debt obligation (CDOs)and asset backed commercial paper markets. The new
Grupo mF the Spanish electronic securities trading group which combines the MEFF futures and options market, the SENAF government bond trading platform and the AIAF corporate bond platform say trading volumes were up last year by 10.5 per cent to
EasyScreen has signed a Letter of Engagement with Commerzbank Securities for the sale of an electronic trading system for trading equities, futures, options and CFDs off a single screen. The Commerzbank Securities (ComSec) system is configured to deliver data in
Eurex has shaded Euronext.liffe in the race to be first to introduce a futures contract on overnight euro interest rates (European Overnight Index Average, or EONIA). The exchange announced today that it will introduce EONIA futures on 27 January. Euronext.liffe
eSecLending announced today that it had completed a securities lending auction of U.S. equities for the California Public Employees' Retirement System (CalPERS) worth $48 billion. Exclusive borrowing rights to the securities were auctioned using eSecLending's web based platform, eSecAuction. Four
The Japanese Ministry of Finance today released details of the JGB STRIPS (Separately Traded Registered Interest and Principal Security) that are scheduled for introduction this month. It was announced in an official gazzete that the strippable JGBs subject will be
BrokerTec Futures Exchange announced today that it had traded a total of 2,109,670 contracts in 2002, its first full year of operation. Following a monthly volume record of 430,888 contracts traded during November, the exchange had an average daily volume
SWIFT will supply messaging services to MEFF, the central counterparty and Spanish financial futures and options exchange. The agreement was signed in Madrid today by Jos Massa, Managing Director of MEFF parent Grupo Mercados Financieros, and Francis Remacle, a Member
The Financial Services Authority (FSA) has fined Credit Suisse First Boston International (CSFBi) 4 million for attempting to mislead the Japanese regulatory and tax authorities. This is the highest fine ever imposed by a UK financial regulator. Formerly called Credit
The repo market course, co sponsored by ISMA's European Repo Council (ERC) and ACI the Financial Markets Association, is likely to become a regular event, says the ERC. The course hosted by Fortis Bank (home of ERC chairman Godfried De