Securities Finance

Deutsche Borse Launches Trade Management Tool

Deutsche Brse today launched a new service to help its participants analyse their trading behaviour and manage and control the risks they assume as a result. The new product is a database application based on the daily updated StatistiX data

Bayern LB Buys Algorithmics Collateral Management Tool

Bayerische Landesbank has chosen the Algo Collateral software application developed by Algorithmics to manage their cross product margining requirements. "We needed a proven cross product margining application to automate and improve the operational aspects of our existing Repo margining processes,

Deutsche Borse-iBOXX To Launch Bond Liquidity Indices

iBoxx, the indexing joint venture between Deutsche Borse and seven investment banks, has added liquidity indices to its portfolio of bond indices. The new index family will include a total of 25 indices, with bonds selected according to liquidity criteria.

RBC Appointed Tri-Party Agent to Canadian Government

RBC Global Services today announced its appointment as tri party repo agent to the Government of Canada. The appointment follows changes to the Receiver General Cash Balances morning auction. "RBC Global Services was selected, through an open competitive process, to

UBS to Buy Merrill Lynch?

Shares in Merrill Lynch & Co. were up yesterday following a report in the Boersen Zeitung newspaper in Germany that UBS may buy the company. UBS denied the report. Merrill has been the subject of speculation about its future for

HSBC Goes Live With Repoclear Service

HSBC's global custody division, Global Investor Services (GIS), participated successfully for the clearing of debt instruments on behalf of six major clients in the Repoclear CCP service launched by the London Clearing House on 5 August 2002. HSBC acts as

Inflation-Linked JGBs Promised For 2003

Bank of Tokyo Mitsubishi, citing a report in Nihon Keizai Shimbun, says that the Ministry of Finance (MOF) in Japan will start to issue inflation linked JGBs, whose principal at redemption increases in line with the annual inflation rate, from

MTS Claims Leadership in German Fixed Income

MTS Germany and EuroMTS say they have reinforced their overall lead in Europe in the electronic trading of German fixed income products as their turnover in Bunds, Kreditanstalt fr Wiederaufbau (KfW), Pfandbriefe and Lnder securities reached a new record level

Ex-Diplomat Wright Joins Barclays Capital Board

Barclays Capital announces the appointment of Sir David Wright as Vice Chairman with effect from January 1, 2003. Sir David will be based in London and will be a senior relationship adviser for the firm with special emphasis on the

CSFB Becomes Market Maker on MTS France

Credit Suisse First Boston (CSFB) yesterday became a Market Maker on the sovereign segment of MTS Francet. CSFB, previously a Market Taker on the platform, takes the number of sovereign Market Makers on MTS France to 23, with 1 Market