The German electronic trading systems provider icubic has restructured its board. It explains the changes are necessitated by international expansion and explosive growth in demand for e-trading systems.
The UK regulator, the Financial Services Authority (FSA) yesterday published its Business Plan for 2007/8, which sets out its priorities for the coming year. It promises higher charges to regulated firms, but a continuing switch to principles-based regulation.
Logicscope Realisations has appointed Peter Collins to the new position of Head of Sales.He joins from electronic forex trading platform FXall, where he was Director of Relationship Management with specific responsibility for the EMEA region.
NASDAQ has criticized the third defence document from issued by the London Stock Exchange (LSE) against its hostile bid as further evidence of its lack of a long-term strategic vision for the business and focus on short term measures.
Morgan Stanley has added Singapore to Hong Kong and Tokyo operations as a centre of prime brokerage services in the booming Asain hedge fund market. According to industry analysts Eurekahedge, Asian hedge fund managers are now looking after $140 billion of assets, and Singapore and Hong Kong are competing fiercely to attract them.
Erik Jens, currently Business Operating Officer within the Commercial and Private Banking division of Fortis Bank, has been appointed CEO of Fortis Prime Fund Solutions. Prime Fund Solutions is part of the Fortis Merchant and Private Banking division (CFC) which brings together Fortis’s Brokerage, Clearing, Custody and Prime Fund Solutions entities, including the financing and administration services supplied to hedge funds.
Orc Software, a provider of technology for advanced trading, market making and brokerage, yesterday announced that Nordea, a financial services group in the Nordic and Baltic Sea region, will offer FX execution on the Orc ExNet to ExNet participants, commencing Q1.
Electronic trading of bonds in Europe is set to grow by nearly two fifths. This is one of the most striking findings of the second survey of electronic fixed income trading in Europe by the Securities Industry and Financial Markets Association (SIFMA).
Bank of New York extends OTC derivatives valuation service to cover swaptions, FX and equity options
Global custodian Bank of New York says it has expanded its independent valuation service for OTC derivatives to include European swaptions, foreign exchange options and OTC equity options. The bank already provides valuation services for interest rate swaps and credit default swaps.
National Algorithms Group joins forces with Maplesoft to distribute its mathematical modelling tools
The National Algorithms Group (NAG) has formed a partnership with Maplesoft as part of an effort to make its sophisticated mathematical tools available to less technical users. The goal is to make quantitative pricing, hedging and probabilistic modeling and analysis tools, Monte Carlo simulations and optimizations available on the desk top.