Latest BNP Paribas Fortis News: Finextra Research

SIX- x-clear and EMCF to offer competitive clearing

SIX x-clear and Dutch central counterparty EMCF have signed a Memorandum of Understanding to offer competitive clearing across multiple stock exchange venues.

03 February 2009

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Fortis' clearing subsidiary EMCF passes into state control

Ownership of EMCF, the Fortis Bank subsidiary that provides clearing services to Instinet Chi-X and Nasdaq OMX, has been passed to the Dutch government as part of a EUR16.8 billion rescue package.

06 October 2008

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EuroCCP moves to take advantage of Fortis woes; offers clearing for MTFs

European Central Counterparty Limited (EuroCCP), the European subsidiary of The Depository Trust & Clearing Corporation (DTCC) says it is ready to step into the breach and provide clearing services for European MTFs such as Chi-X, Nasdaq OMX, Bats and other new execution venues served by troubled Belgian bank Fortis.

29 September 2008

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Banks, trading firms take minority stake in Chi-X

A group of 13 banks and trading firms has taken a minority equity stake in Instinet's MiFID-compliant alternative trading facility, Chi-X Europe.

10 January 2008

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Euronext takes majority share in SecFinex

Euronext is to acquire a 51% stake in European securities lending platform SecFinex.

18 December 2006

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Fortis Bank rolls out Norkom fraud detection software

Fortis Bank has implemented Dublin-based Norkom Technologies' risk management and compliance software, Alchemist, to detect and monitor fraudulent activity at its operations in the Netherlands and Belgium.

08 July 2004

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Fortis Bank licenses SAM Jupiter to manage IT access privileges

Benelux-based Fortis Bank is installing Beta Systems Software's security management product, SAM Jupiter, to manage access to its internal IT systems and business applications.

11 May 2004

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Fortis and SG CIB acquire stake in SecFinex

Fortis Bank and SG Corporate & Investment Banking have acquired a stake in SecFinex, the online marketplace for securities finance.

29 March 2004

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Fortis Clearing implements City Networks reconciliations module

Fortis Clearing, a subsidiary of Belgium-based Fortis Bank, is deploying the CityNet Enterprise Reconciliation (Insight) module from City Networks at its London office.

31 July 2003

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Fortis Bank selects SunGard's Credient; InTrader gets browser interface

Belgium-based Fortis Bank has selected SunGard Trading and Risk Systems' Credient software to manage global limits and exposures at its merchant banking division.

29 July 2003

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MeesPierson implements Odyssey Triple'A

MeesPierson, the private banking business line of the Fortis Group, has gone live in the Netherlands with Triple'A, an investment management platform from Odyssey Asset Management Systems.

30 September 2002

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Fortis Bank completes IT merger programme

Fortis Bank has completed its two-year IT merger programme in Belgium, using technology from UK-based The Program Management Group (PMG).

06 June 2002

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