2203 Results from /wholesale, 2002
/wholesale
The Financial Times reports that the New York Mercantile Exchange has drawn first blood in its legal dispute with eSpeed after a court admitted as evidence a 32-year old document that predates the broker's electronic trading patent.
05 December 2002
UK depository Crest has set up a new Website with Securities Finance Systems in preparation for the January 2003 launch of a stock lending and borrowing market data service.
The London Clearing House (LCH) is to reduce its EquityClear tariff in line with rising volumes and the planned expansion of its central counterpary (CCP) service to cover pan-European cross-border exchange virt-x in Spring next year.
New York investment firm Angelo, Gordon & Co, has selected Beauchamp Financial Technology's integrated trading, portfolio management and accounting software FundManager.
Principia Partners has joined forces with Singapore-based FinIQ Consulting to market and distribute its solutions in the Asia Pacific region.
Lloyds TSB Corporate, the wholesale arm of the UK banking group, has implemented Causeway Technologies' Tradex software to provide its customers with an Internet-based document exchange and invoice presentment service.
04 December 2002
New contract wins at AFA Systems have failed to lift the gloom cast by a recent round of staff cuts amid repeated warnings that trading in the second half of the year remains difficult.
Financial Technologies International (FTI) has appointed Marc Planquart as senior vice-president, development and quality assurance and Steve Popple as sales director for Emea and Asia Pacific.
SIS Swiss Financial Services is to cancel its dividend and post a net loss in 2002 after taking a Sfr40 million hit against the recent failure of the Global Straight Through Processing Association (GSTP).
Italy's Unicredit Banca Mobiliare (UBM) is to use global financial extranet RadianzNet to provide its customers with electronic equity trading and FIX connectivity.
Cicada has entered exclusive negotiations to become the provider of independent securities information processing (SIP) services to US stock markets under the Nasdaq/UTP Plan.
Trading technolgoy vendor IPC Information Systems has entered marketing and distribution agreements with Switzerland's New Voice International, Finland-based Networked Financial Innovations (NFI) and Italian firm T-Comm.
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