London Clearing House (LCH), operators of the RepoClear central counter party netting service for the European repo markets, has sought to boost liquidity by offering firms with insufficient volumes to justify full membership the option to clear via a larger
Hopes of a final resolution of the long running dispute between Euroclear and Clearstream over the alleged difficulty that some clients of Clearstream Banking Frankfurt (CBF) have in delivering securities to Euroclear account holders during the daylight settlement cycle look
EuroMTS says it is planning to introduce yield spread and basis spread functionality, to support its cash and repo trading platforms. Given the significant market share of turnover on the Telematico system together with the fact that EuroMTS benchmark bond
The Bank of Japan (BOJ) has announced plans to migrate to a new book transfer system, following the passage through the Diet on 5 June of legislation for the reform of the securities settlement system in Japan. The reform, effective
EuroMTS annnounced today that Irish government bonds were now listed on the bond trading platform. This means the MTS network is now present in all Euro zone countries. Two benchmark bonds, the 4.25 per cent 2007 and 5 per cent
Lehman Brothers Holdings Inc. today reported net income of $296 million, down 31 per cent on the $430 million recorded in the same period last year. For the first six months of 2002, net income was $594 million, down 27
Securities Industry News reports today that Icap the inter dealer broker formerly known as Garban is in talks to acquire BrokerTec, the bond trading platform owned by the major investment banks.
A UBS Warburg spokesman confirmed today that the investment bank is trimming the payroll in London. However, he denied reports that 75 corporate financiers and 25 junior bankers will be axed. The correct figure is 55 people out of the
EuroCredit MTS says it is re shaping its eligibility criteria to accommodate the growing volume of bonds which meet its €3 billion minimum listing criterion. The market now determines which bonds are benchmarks via a new selection process. Each market