Securities Finance

Industry Opposes Japan's Cross-Border Repo Tax

In strong opposition to a proposal by the Japanese Ministry of Finance to tax cross border repurchase (repo) transactions, John Vogt, executive vice president of The Bond Market Association, says in a letter to Treasury Secretary Paul O'Neill that the

Metropolitan West to Buy Cantor Sec Lending Operation

Metropolitan West Securities will reportedly purchase Cantor Fitzgerald LP's securities lending operation, sharing profits from the acquisition with Cantor Fitzgerald for two years, according to Bloomberg. The Cantor Fitzgerald division manages about $3.4 billion in customer assets.

Fintuition Extends Operations to New York

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

Parkes Sees Potential at Deutsche Bank

Shaun Parkes, former vice president and global product manager for collateral management services at the Bank of New York (BNY) office in London, says he joined Deutsche Bank primarily because he saw vast potential for growth. Certainly, hiring Parkes is

SecFinex Launches New Version of Trading System

SecFinex, the on line securities finance marketplace launched amid considerable scepticism among established intermedairies, says it is making real progress. Trading volumes, says SEcFione, are now averaging 300 transactions a day worth a total of 3 billion. The firm is