News

Deutsche Börse Subsidiary Avox Expands Its Service Offering For MiFID Compliance

Avox, a network of financial services providers for the verification of counterparty data, has signed a cooperation agreement with VÖB, the Association of German Public Sector Banks (Bundesverband Öffentlicher Banken Deutschlands). The agreement aims to enable common marketing activities among member institutions of VÖB Services, a 100% subsidiary of VÖB which offers products and services in the areas of banking supervision, risk management and IT services.

Wombat partners with Coral8 for complex event processing

Wombat Financial Software, which enables connectivity to the global markets through its market data infrastructure, and Coral8, provider of Complex Even Processing (CEP) software, have publicly announced a partnership to embed the Coral8 Engine into Wombat's messaging platform. Trading operations departments across th

Few investment Management firms have separate MiFID budgets

Eight out of nine investment management firms attending a recent forum run by investment management consultancy Investit said they did not have a separate MiFID budget and are incorporating MiFID into existing business projects.

NYSE Group acquires TransactTools

On Tuesday NYSE Group signed a definitive agreement to acquire TransactTools Inc., a provider of enterprise messaging solutions for the securities trading industry. This transaction, coupled with NYSE's acquisition of the American Stock Exchange's one-third ownership stake in the Securities Industry Automation Corp.

AIM rival plus Markets raises another ?25 million

PLUS Markets Group, the rival to AIM, the London Stock Exchange small cap market, has completed a placing that raised ?25 million. The exchange says it will use the proceeds to fund a further expansion of its trading and quotation services. "PLUS Markets Group has evolved rapidly over the last two years," says Simon

Olof Stenhammar will not stand for re-election to the OMX Board

OMX founder and Chairman of the Board Olof Stenhammar has reported that he will not stand for re-election to the OMX Board of Directors at the Annual General Meeting 2007. Having founded OMX in 1984, served as the company's CEO until 1996 and thereafter served as Chairman of the Board, Stenhammar has decided to not stand for re-election to the Board at the Annual General Meeting in the spring.

DTCC appoints CLS Bank to settle OTC derivatives contracts

The Depository Trust & Clearing Corporation (DTCC) has appointed CLS Bank International (CLS) to provide central settlement of payments for over-the-counter (OTC) derivatives contracts housed in the Trade Information Warehouse it launched earlier this week. The aim is to provide an integrated global payment processin

DTCC launches OTC Derivatives Trade Information Warehouse

The Depository Trust & Clearing Corporation (DTCC) has launched a Trade Information Warehouse, which it claims will reduce the manual component in post-trade processing of over-the-counter (OTC) derivatives transactions. DTCC announced its plans to build the warehouse in February this year. Since then, a DTCC team ba