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
Foreign securities houses will soon be able to enjoy remote membership of the Tokyo Stock Exchange (TSE), reports Bank of Tokyo Mitsubishi (BTM), citing a report in Nihon Keizai Shimbun. From as early as next year the Financial Services Agency
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
The Japanese Ministry of Finance has released a paper on the introduction of a new trading system for Japanese Government Bonds. It reads as follows Paperless trading of JGBs will commence from January 2003. For this purpose, a new book
SunGard Securities Processing today unveiled Margin Advisor, a processing solution that delivers real time margin information on equities, fixed income, and listed derivatives. Margin Advisor continually analyzes margin account status, and instantly generates alerts and events for automating resolution processing.
Eurex has launched an initiative to boost trading activity in futures and options on the DJ STOXX 50 index further. Since eralier this month, so called Designated Market Making has applied to the futures, which provides for narrower spreads and
Banque Bruxelles Lambert, KBC Bank and Nomura Securities have joined MTS Spain, bringing the total number of dealers to 22 , says Euro MTS . A record turnover volume of €3.31 billion was also reached on Oct. 4 on MTS
BrokerTec Futures Exchange (BTEX), the US electronic financial futures exchange, announced today the appointment of Dennis Scurletis from Morgan Stanley as Chairman and Michael Dawley from Goldman Sachs & Co. as Vice Chairman. Mr. Scurletis has been active in the
The French Finance Ministry announced today that it is to issue the first ever long dated, 30 year Government Bond linked to the Eurozone inflation rate. It expects the bond to be particularly attractive to pension funds, life companies, and
Credit Suisse First Boston announced effective today that CSFB's Liquid Global Fixed Income Indices are now available on Bloomberg. CSFB customers who are Bloomberg users are able to access all of CSFB's liquid bond indices, including the Liquid U.S. Corporate