ICAP has completed the acquisition of First Brokers Securities Inc. for an initial cash payment of $35.7 million. Further payments, which are contingent on the future performance of the business, will be made over three years, at ICAP's option in
The slow but steady consolidation of the multiplicity of bond trading platforms that emerged in the 1990s took a further step forward today with news that BondsInAsia (BIA) and asiabondportal (ABP), the two Asian bond trading platforms, have agreed to
SecFinex is using technology developed by Cognos, a company making business intelligence software, to deliver tailored trading reports to customers in real time. The online securities financing platform is using Cognos's business intelligence solution, combined with a secure, virtual private
EquiLend Holdings LLC, the securities lending cartel formed in May last year last year by ten agent and investment banks to counter the threat of disintermediation by building their own global securities lending platform, today announced the appointments of Dirk
CIBC Mellon announced today that Chris Tigert and Paul Bertrand have joined CIBC Mellon Global Securities Lending in the positions of fixed income securities lending trader and fixed income securities lending project consultant, respectively. Tigert joins CIBC Mellon from Royal
MONIS, a supplier of derivatives analytics which expanded into the convertibles and equity linked securities markets, says it can now provide clients with pre formatted, comprehensive data on new convertibles issues, enabling them to conduct sophisticated analysess across the convertible
MTS Finland was launched today. Oddly, MTS says the Finnish government bond trading platform is structured as a "segment" of MTS Belgium. In other words, MTS Belgium will provide both trading technology and operational services to MTS Finland. MTS says
MTS announced today that MTS Espaa SON is scheduled to go live in mid May. This follows ratification and approval on Friday by the Spanish Government of its application to operate as a regulated electronic trading platform for the Spanish
Reech Capital is to expand its business in Italy through a distribution agreement with Uniteam, the Italian business solutions provider that supplies corporate IT and telecommunications services to financial institutions in Italy. This agreement will enable Reech Capital to market
BrokerTec Clearing Company, L.L.C. (BCC), clearing affiliate for BrokerTec Futures Exchange L.L.C. (BTEX), and Government Securities Clearing Corporation (GSCC), a subsidiary of The Depository Trust & Clearing Corporation, announced today that cross margining between the two clearing organizations will begin