World initial public offering (IPO) activity hit a record high in 2006 with $227 billion raised on 1,559 offerings between January and November, up $167 billion on all of 2005, according to a study by Ernst & Young. The centre for IPO activity was the Hong Kong Stock Exchange with 17 per cent of all IPOs, followed by
Stockholm-based trading technology vendor Orc Software has released new versions of its Orc Trader and Orc Liquidator applications. Orc says releases 6.1 include new volatility API and models, new market connections, transaction analytics and reporting, and click trading enhancements, as well as further improvements designed to facilitate Direct Market Access (DMA).
The London Stock Exchange (LSE) is to raise its dividend by 50 per cent on last year, as it continues to fight off a takeover bid from Nasdaq. The LSE board yesterday dismissed the Nasdaq bid as "wholly inadequate" and as "substantially" undervaluing the Exchange by ignoring its strong strategic position, earnings a
With hedge funds generating a growing share of trading volumes in many fixed-income products - and a majority of the volume in several especially lucrative products - global and European investment banks are concentrating their efforts on these increasingly profitable customers. Or so suggests a new study of fixed in
Self-styled foreign exchange aggregator Currenex has bought the TradePVR network appliance application for FIX connectivity monitoring and archiving. The TradePVR solution aims to provide instant recall and searching of all recorded FIX sessions, measures response times on all requests and provides high-level summaries and charting.
The Global Clearing Link established by independent clearing house The Clearing Corporation (CCorp) and Eurex Clearing has processed and cleared more than 23 million contacts during its first two years, CCorp announced today.
Records compliance management software provider AXS-One Inc. has announced a number of contract wins, all signed within the past two and a half months.
Marketpipe Limited, which operates a new issue network in the fixed income markets and also licenses its products to banks, has been sold to Ipreo LLC. Marketpipe was formed in 2000 and currently has 19 investment banking clients serviced by 30 employees from its London office. With the acquisition of Marketpipe, Ip
The Spanish Financial Futures and Options Exchange, MEFF, says Deutsche Bank Madrid has joined the exchange as a direct clearing member, and Fortis Bank Madrid has joined as a custodian clearing member. Liquid Capital Securities and Nomura International, both of which are based in London, have joined as trading member
Italian IT vendor SIA claims to have launched the first platform in Europe to verify and assess best execution, to enable securities market firms to monitor and control their operations in compliance with the Markets in Financial Instruments Directive (MiFID).