Tag: regulation

GL TRADE and Fermat end distribution agreement

Software vendor GL TRADE has decided not to renew its agreement with Fermat, by which Ubitrade GmbH has distributed the Fermat risk management products in Germany, Austria and the Netherlands since February 2001. Ubitrade is being ceded to the Fermat Group from 2 January 2007.

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.

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.