John Gammer appointed head of sales at Eurex Clearing
John Gammer has been appointed head of sales at Eurex Clearing, the clearing house of international derivatives exchange Eurex, effective 1 November 2007.
Tag: Clearing & settlement
Clearstream has Euros 10.6 trillion in custody
Deutsche Boerse-owned settlement utility Clearstream says it processed 2.02 million international transactions in September, a 16 percent rise over September 2006 (1.75 million).
New industry standards set to improve international securities processing efficiency, says Clearstream
International Central Securities Depositaries (ICSDs) Clearstream Banking Luxembourg and Euroclear Bank announced on Thursday that they are combining forces with the newly created International Securities Market Advisory Group
Eleven new members join Clearstream's Central Facility for Funds
Eleven new members will join the Central Facility for Funds (CFF), Clearstream's new post-trade solution for investment funds domiciled in Luxembourg, Europe's largest market for international funds.
Eurex Repo creates European market for collateralised money market transactions
Eurex Repo, an electronic repo market opperated by international derivatives exchange Eurex, is to restructure its Euro GC Pooling offering in a move that will make it the first electronic market in Europe to enable cross-border liquidity management via a wide range of European Central Bank (ECB)-eligible collateral
AXES Selects BNP Paribas to provide global post-execution services
Yesterday AXES, an electronic agency brokerage firm, announced that it has appointed BNP Paribas Securities Corp. to replace Société Générale Securities Service as its strategic partner to perform clearing, settlement and custody services on a global basis.
Clearstream processes 53% more transactions in July 2007 than July 2006
Clearstream processed 2.45 million international transactions in July 2007, a 53 percent rise over July 2006, when this figure stood at 1.60 million.
ICE names Clear Europe execs and moves to exit LCH.Clearnet agreement
IntercontinentalExchange (ICE), a US-based electronic energy marketplace and soft commodity exchange, has appointed two senior executives to its European clearing house, ICE Clear Europe, and has moved to terminate its existing European clearing arrangement with LCH.Clearnet.
JPMorgan opens image deposit centre in Tokyo
Investment bank JPMorgan has opened a new international image deposit centre (IDC) in Tokyo, Japan. The Tokyo IDC is the sixth such centre JPMorgan has opened in Asia.
Euroclear Bank projects latest tariff cuts are worth €27 million
Late last week the Euroclear board of directors approved annualised tariff reductions of €27 million. The bank claims to have made cuts worth €78 million already this year.