ON THE MONITOR
Seeing Triple: Changing Times, Changing Tunes at Euroclear
May 17, 2010
When Euroclear SA came up with the idea of a single operating platform for all its settlement and related services under one roof, it was considered a pretty bold step.
But even if all of its depositories now operate under one roof, the remaining 20 percent of the single platform will be delivered in three phases.
Here’s how the tune has changed as time has moved on.
Euroclear owns the world’s largest international central securities depository, Euroclear Bank, as well as six domestic European securities depositories covering seven different national markets.The idea of a uniform operating platform came in 2002 – soon after some European Union countries began using euro notes and coins. That, too, promoted the idea of a unified market, creating a single currency for all member nations of the European Union.
THE WEEK AHEAD:
MONDAY, MAY 17
OPEN MEETING: Financial Reform Legislation and Other Matters
9 a.m., Securities and Exchange Commission
WEDNESDAY, MAY 19
WEBINAR: Project Management Processes
1 p.m., Oracle Primavera, Emerald Associates
THURSDAY, MAY 20
HEARING: Causes and Lessons of the May 6th Market Plunge
10 a.m., Senate Banking Committee Subcommittee on Securities
WEBCAST: Complete Disaster Recovery
11 a.m., EMC, VMWare
WEBCAST: Role of the IMF and Federal Reserve in Stabilizing Europe
2 p.m., House Financial Services Subcommittee on International Monetary Policy
FRIDAY, MAY 21
WEBCAST: Accounting and Auditing Standards
10:00 a.m., House Financial Services Subcommittee on Capital Markets
THE WEEK THAT WAS:
Think One SEC is Enough? Beware of Copycats
Could Congress Tax High-Frequency Trades?
CUSIP Assigns IDs to Government Economic Stimulus Bonds
Equinix to Host IPC Networking Infrastructure
“Ad Hoc Analysis” Lacking in Business Intelligence Systems
NYSE Euronext to Construct 2 Clearinghouses for Europe
Morgan Stanley’s Doomed Baldwin CDOs Thwarted ‘Natural Process’
Speed-addicted traders dominate today's stock market
Gabelli Calls for a Tax on High-Frequency Trading Operations
