The Bank of New York (BNY) announced today that it had conducted the first ever tri party repo trade to be collateralised with Japanese government bonds (JGBs). The cash taker was BNY's longstanding tri party partner, Goldman Sachs, and the
JP Morgan has built a sizeable corporate trust business servicing issuers. Now it is looking to turn what it has learnt as trustee and transaction manager to Collateralised Debt Obligations (CDO) and CDO related structures such as CBOs, CLOs, and
The Japanese authorities continue to wage war on short selling. Today the Financial Services Agency (FSA) announced that Merrill Lynch Japan Securities Co., Ltd., KBC Financial Products UK Limited, Okasan Securities Co., Ltd. and Credit Suisse First Boston Securities (Japan)
SimCorp joins Omgeo STP Partner Program Omgeo, the DTCC Thomson virtual matching utility, has signed up Simco as one of the "partner" vendors it hopes will help it tie more fund managers, broker dealers and custodians into its solution than
UniCredit Banca Mobiliare S.p.A. (UBM) will go live as a Market Maker on MTS France tomorrow, March 19, 2002. UBM, the investment banking arm of UniCredito Italiano and the first Italian financial institution to join the platform, was last year
The Tokyo Stock Exchange (TSE) has published the results of the questionnaire it issued to market participants earlier this year to study the impact of record low interest rates on ten year JGB futures contracts. Essentially, it asked whether the
EuroMTS has announced plans to expand into the last member state of the euro to remain outside its grasp Ireland. An Irish government bond division, named MTS Ireland, will go live in June this year. The six primary dealers in
Cantor Fitzgerald, which lost 658 employees and its 250,000 square foot headquarters in the World Trade Center atrocities, is moving to new but still temporary office space on 57th Street and Lexington Avenue in Manhattan, Cantor Fitzgerald and eSpeed Chairman
> Zurich Scudder's Mutual Fund Business Moves to Chicago Zurich Scudder Investments plans to cut staff and move its U.S. mutual fund business from Boston to Chicago, according to Bloomberg. The report indicated that some account managers and support operations
The Bank of New York announced today that James Malgieri will replace Shaun Parkes as head of global collateral management. Parkes left in September to join Deutsche Bank. Malgieri, who joins as Managing Director and Product Manager of Global Collateral