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3407 Results from /wholesale, 2010

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Fennia Mutual Insurance signs for SimCorp Dimension

SimCorp announces that Finnish Fennia Mutual Insurance Company has selected SimCorp Dimension as its new investment management platform. Fennia Mutual Insurance Company will be using SimCorp Dimension front-to-back.

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Cuomo files suit against Ernst & Young over Lehman accounting

Attorney General Andrew M. Cuomo today filed a Martin Act lawsuit against Ernst & Young LLP ("E&Y"), charging the accounting firm with helping Lehman Brothers Holding, Inc. ("Lehman") engage in an accounting fraud involving the surreptitious removal of tens of billions of dollars of fixed income securities from Lehman's balance sheet in order to deceive the public about Lehman's true liquidity condition.

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Tocom backs up at Osaka Securities Exchange

Since the signing of the Memorandum of Understanding (MOU) on comprehensive mutual cooperation in February, 2008, TOCOM and OSE have discussed extensively on possible various areas of collaboration, such as on trading systems and joint product development. The listing of two ETFs linked to TOCOM prices on OSE is one of the results of such efforts and this agreement, as part of the collaborative alliance, is another.

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BIS consults on bank-to-CCP capitalisation proposals

The Basel Committee issued today a consultative paper on the Capitalisation of bank exposures to central counterparties.

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Tullett Prebon joins ICE eConfirm broker matching service

Tullett Prebon, a leading intermediary in global wholesale markets, and IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, announced that Tullett Prebon has joined the ICE eConfirm Broker Matching Service.

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Spain's CECA extends use of Algorithmics' collateral management

Algorithmics, the leading provider of risk solutions, announced today that the Spanish Confederation of Savings Banks (CECA) has extended its use of Algorithmics' collateral management solution to support its members through a period of consolidation in the Spanish market prompted by the recent financial crisis.

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Intrum Justitia acquires Nice Invest Nordic

Intrum Justitia (STO:IJ) strengthens its market position in Sweden by acquiring Nice Invest Nordic AB, which focuses on investing in purchased debt from customers in post-order and e-trading and in financial receivables arising in such operations. The acquisition entails an existing portfolio, as well as an agreement covering forward flow contracts. The total purchase price amounts to around SEK 290 M.

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Firm58 provides online billing for C2 Options Exchange

Firm58, Inc., a leading financial management company, announced today its appointment to manage the online billing function for the recently launched C2 Options Exchange (C2) of CBOE Holdings, Inc. (Nasdaq: CBOE).

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JPMorgan acquires news London HQ

J.P. Morgan today announced major real estate investments in London, including the acquisition of 25 Bank Street in Canary Wharf, which will become the new European headquarters of its Investment Bank in 2012. The firm has also agreed to purchase 60 Victoria Embankment, a London building that the firm has been leasing since 1991 and that currently accommodates the firm's Treasury and Securities Services division.

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Nice and Orange extend partnership

NICE Systems Ltd. (Nasdaq:NICE), the worldwide leader of intent-based solutions that extract insight to impact business performance, reduce financial risk and ensure safety and security, and Orange Business Services - Trading Solutions (Trading Solutions), a leading provider of voice and electronic trading infrastructure and services for the trading communities, today announced that they have expanded their long-standing partnership.

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DTCC gets in line with new Fed cost basis reporting rules

The Depository Trust & Clearing Corporation (DTCC) announced today that it has launched an enhanced service that will help financial firms and other market participants comply with a new January 2011 regulatory mandate requiring the reporting of cost basis information to investors and the federal government.

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CME Clearing gets approval from FSA

CME Clearing Europe, a wholly-owned subsidiary of CME Group, today announced that it is approved as a Recognised Clearing House (RCH) by the Financial Services Authority (FSA) of the United Kingdom. Barclays Bank PLC and J.P. Morgan will act as the first settlement banks for CME Clearing Europe and will be a central part of its payment infrastructure. J.P. Morgan will also provide custody and liquidity services.