Breaking News

LCH.Clearnet Slashes Fees

August 31, 2010 - LCH.Clearnet will cut fees for many customers by as much as two-thirds and eliminate charges for high-volume equity traders amidst the possible loss of key clients and growing competition in Europe’s post-trade clearing market.

Buffett Invests in Tech. Financial Tech.

August 18, 2010 - Warren Buffett has found a technology firm he likes: Fiserv. The Sage of Omaha, who famously avoided tech firms because he allegedly does not understand them, disclosed this week to the SEC that his holding company has purchased 4.4 million shares in the financial institution services firm.

JP Morgan Will Participate in EuroCCP Clearing

August 11, 2010 - J.P. Morgan Worldwide Securities Services said it will act as a general clearing participant in EuroCCP, which provides clearing and settlement services in a wide range of European markets.