Record volumes were set across the MTS markets in October with the whole Group reaching a new monthly level of €447 billion (single counted) in inter dealer cash transactions alone, says Euro MTS. Repo volumes on the MTS system also
UBS says that from the second half of next year its businesses will be represented by the single UBS brand. The firm will no longer market its services using the UBS Warburg or UBS PaineWebber brands. The decision to introduce
BrokerTec Futures Exchange, the electronic fixed income futures exchange in the US, announced today that it achieved a new record for weekly volume last week of 140,715 contracts. Last week's contract volume was a 98% increase over BTEX's prior weekly
UBS, in sharp contrast to troubles at rivals CSFB, today reported net profits after tax in the third quarter of CHF 942 million, down 29% from second quarter 2002 but nevertheless 4% up on a year earlier. Pre goodwill, net
BrokerTec, the electronic fixed income inter dealer broker, announced today that third quarter 2002 transaction volume was $10.042 trillion, single count, compared to second quarter 2002 transaction volume of $8.943 trillion, an increase of 12%. BrokerTec's average daily trading volume
Algorithmics announced today that Standard Bank Group of South Africa had licensed Algo Collateral as the margining software for their global credit collateral requirements. Standard Bank is a longstanding client of Algorithmics, having licensed their Algo Market solution in 1996,
EuroMTS today announced plans to create Euro Government Bond Indices calculated using prices from the MTS group of companies. " Given its reference status and market making model which provides homogenous and continuously tradable prices for all European government securities,
San Francisco based Calypso Technology announced today that investment bank Dresdner Kleinwort Wasserstein (DrKW) has chosen Calypso for its global securities processing, with the first component of the new system due to go live for Tri Party Repo on 4th
The Liquid Indices for European fixed income securities will be launched on October 23, the European index provider iBoxx Ltd. announced on Tuesday. As previously reported, the new indices cover highly liquid euro denominated bonds. The Liquid Indices will initially
Standard & Poor's on Friday cut its ratings on the long term debt of Ford Motor and its finance arm to just two notches above "junk" status, citing falling demand, market share, increased pricing pressure and concerns about the automakers