It has been reported that the hedge fund administration sector of UBS is launching its first US location in New York, due to demand from clients for a local administrative presence...
11 May 2012London and New York Reporter: Mark Dugdale
Financial information services company Markit has agreed to purchase Cadis, an enterprise data management provider. The deal follows Markit’s acquisition of securities lending data provider Data Explorers in April...
Post-trade services provider SIX Securities Services signed an MoU with both Takasbank and MKK to provide international clearing, settlement and custody services...
Sweden-based exchange and clearing company NASDAQ OMX Stockholm (OMX STO) set up three clearing funds to mutualise risk, and revised its collateral management structure so as not to rely too heavily on custodians that are also clearing members...
South Africa-based Old Mutual Investment Group Holdings and Sanlam Investment Holdings have agreed to purchase the shares of J.P. Morgan Administration Services...
Neuflize OBC Investissements and Neuflize Private Assets have chosen CACEIS to act as the administrative and accounting manager of their French mutual funds and custodian of mandates...
More than 70 per cent of cash raised by the Financial Transaction Tax (FTT) proposed by the EC would come from the UK, a House of Lords committee has cautioned...
A new open protocol enabling risk aggregation (OPERA)-compliant reporting solution has been launched for hedge fund managers and institutional investors...
03 May 2012Moscow and Seoul Reporter: Mark Dugdale
Russia’s National Settlement Depository has signed a memorandum of understanding with the Korea Securities Depository that will contribute to improving the health of the countries’ financial markets and promote cross border investment...
The Depository Trust & Clearing Corporation (DTCC) began user testing of its new global trade repository service for foreign exchange on 1 May, and is planning full production by the fourth quarter...
Goldman Sachs Asset Management has signed up to Calastone’s network’s order routing service for its range of SICAV funds domiciled in Luxembourg and Money Market funds domiciled in Ireland...
