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
Eurex Bonds, the electronic trading platform operated jointly by the international derivatives exchange Eurex and major bond trading houses, has introduced market making in an effort to deepen liquidity. Eurex also announced a cut in market making fees. The Eurex
Equilend, the securities lending platform controlled by a ten strong consortium of investment and custodian banks, will start trading before the end of June. In an interview with www.globalcustodian.com, president Dirk Pruis and CEO Ian Drachman confirmed that Equilend was
Thursday saw the General Shareholders' Meeting of Eurex Zrich AG elect its new Board of Directors. At its constituent meeting, the new Board of Directors appointed Dr. Markus Granziol as President. Dr. Joerg Fischer, who had been President of the
Members of the International Securities Market Association (ISMA) have today elected one new member and re elected four existing members to the board of the Association. The elections to the board took place this morning at the ISMA annual general
Eurex says that the German Finance Agency has started trading on the Eurex bond and repo platforms. The admission of the Finance Agency, the debt management office of the German government, brings the number of participants currently on Eurex Bonds
The Bank of New York and the Board of Trade Clearing Corporation (The Clearing Corporation) today announced the introduction of a new program to satisfy margin requirements via The Bank of New York's global collateral management program, which will help
UBS is in danger of becoming one of those banks where the rewards accrue to the internal politicians rather than the external rainmakers. The hopeful headline that accompanied today's first quarter results UBS Expands Leadership Team" cannot conceal the fact
SecFinex, the online marketplace for securities finance, announced today that it had introduced Dutch equities to its on line securities lending trading system. They join French, German, Irish, Italian and UK equities. In addition, six firms have signed up to