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
> 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
The ability for sophisticated municipal market professionals (SMMPs) to have full access to electronic platforms without an intermediating dealer to perform fair practice obligations will spur the on line trading of municipal securities, The Bond Market Association emphasized in a
The €5 billion 10 year global issue of Kreditanstalt fuer Wiederaufbau (KfW) 04 07 12 5.25%, which was launched and priced today, will be listed tomorrow on EuroMTS and BondVision. Nineteen (19) Market Makers will be quoting the new issue
OM and BrokerTec have signed a new and extended agreement to further strengthen the cooperation between the two companies. The initial agreement between OM and BrokerTec, announced in December 1999, encompassed OM supplying BrokerTec with electronic, inter dealer trading platforms
Electronic interdealer bonds and repo broker BrokerTec Global LLC's European head Lee Olesky is to join another electronic broker TradeWeb Group, the companies said on Friday. Olesky leaves BrokerTec Europe, where he was president and chief executive officer, and joines
Revisions to the Securities and Exchange Law concerning the prices for regulated short selling came into effect in Japan today. Until now, permissible prices for regulated short selling excluded anything below the prices most recently announced by the relevant exchange.
Syntegra, the consulting and systems integration arm of BT, has joined forces with Sphere Group to provide an online financial reconciliation service for fund managers and investment banks lending and borrowing securities. The new service will allow counterparties to achieve
The European Banking Federation (FBE), the European Savings Banks Group (ESBG), the European Association of Cooperative Banks (EACB), in cooperation with the European Repo Council (ERC) announced today the launch of EUREPO, which is positioning itself as the benchmark for