Latest Wholesale banking News: Finextra Research

Shareholders approve DTCC consolidation plan

The shareholders of Government Securities Clearing Corporation (GSCC), MBS Clearing Corporation (MBSCC) and the Emerging Markets Clearing Corporation (EMCC) have approved plans for the three organisations to become subsidiaries of The Depository Trust & Clearing Corporation (DTCC).

09 January 2002

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TSE chooses Percussion for Web content management

The Toronto Stock Exchange is to deploy technology from Percussion Software to manage content across its Web sites, following the recent acquistion of the Canadian Venture Exchange (CDNX).

08 January 2002

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Hyperion to power S&P analytics

Standard & Poor's (S&P) has selected technology from California-based Hyperion to deliver an online financial analytic service to customers.

08 January 2002

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Clearstream links with China and Korea

Clearstream International has completed implementation of two newly automated links to key Asian markets in The People's Republic of China and the Republic of Korea.

08 January 2002

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Brut goes live with front-end trading

The Brut ECN is rolling out its front-end Workstation for institutions and other professional traders following a three month delay as a result of the terrorist attack on the World Trade Centre.

08 January 2002

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Deutsche Bank supplies 1000 staff with PDAs

Deutsche Bank is using technology from mobile infrastructure company Extended Systems to provide over 1000 employees each with a personal digital assistant (PDA).

08 January 2002

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Salomon Smith Barney MD joins TransactTools board

New York-based TransactTools has appointed Salomon Smith Barney executive, James Leman, to its board of directors.

08 January 2002

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DBS TD Waterhouse launches Hong Kong brokerage

DBS TD Waterhouse, a joint venture between Singapore's DBS Group and Canadian broker TD Waterhouse, has launched a new online brokerage operation targeting self-directed investors in Hong Kong and Asia.

08 January 2002

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Knight Trading blames market deficiencies for $1.5 million fine

The National Association of Securities Dealers in the US has levied $1.5 million in fines on Knight Trading for "wide-ranging" market violations from July 1997 through May 2001.

08 January 2002

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Nasdaq adds S&P 100 to Primex Auction System

The Nasdaq Stock Market has expanded the list of securities eligible to trade on the Primex Auction System to include all component stocks of the S&P 100 Index.

08 January 2002

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European Energy Exchange offers OTC clearing

European Energy Exchange (EEX) is to offer clearing for over-the-counter (OTC) forward transactions.

08 January 2002

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Tibco to buy Talarian in $115 million deal

California-based Tibco Software is to acquire messaging infrastructure vendor Talarian Corporation in a stock and cash transaction valued at $115 million, including the assumption of stock options.

08 January 2002

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