Latest BNP Paribas Fortis News: Finextra Research

LCH.Clearnet agrees competitive clearing deals

Just days after revealing swinging price cuts, LCH.Clearnet has stepped up the pressure on rivals by agreeing new competitive clearing offerings for European MTFs Bats Europe, Chi-X, Turquoise and Nyse Arca Europe.

07 May 2009

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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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Nasdaq OMX buys stake in EMCF

Transatlantic exchange Nasdaq OMX is acquiring a 22% equity stake in European Multilateral Clearing Facility (EMCF), the Fortis Bank subsidiary that was taken over by the Dutch government.

16 October 2008

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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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More upstart exchanges set to enter crowded post-MiFID market

Up to three new alternative equity trading systems are gearing up to launch in the European market, in addition to ventures such as Chi-X, Turquoise and Equiduct, according to a Financial Times report.

21 August 2008

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Bats chooses Fortis for European clearing

US ECN operator Bats Trading has recruited Dutch-Belgian banking group Fortis to provide clearing services for its new European trading facility, which is slated for launch in September.

02 June 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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SunGard to take on Swift Member Concentrator role

SunGard has expanded its Swift Service Bureau offering, STN for Swift, by offering corporates simpler access to the payments network under the Member Concentrator model.

02 October 2007

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Fortis launches 'MySpace' for entrepreneurs

Belgian financial services group Fortis has launched a MySpace-style social network for European entrepreneurs.

16 February 2007

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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 recruits Temenos to build European retail banking platform

Dutch-Belgian banking group Fortis has contracted with Swiss vendor Temenos for the development and implementation of a cross-border IT platform to support its retail banking operations in Europe.

25 July 2006

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