Following pack, Finacor to cease floor trading in bond futures

Article Abstract:

Finacor-Vendome, a France-based independent bond-broking firm, intends to eliminate its team of over 50 floor traders at the Paris, France, fixed-income futures exchange, according to sources close to the firm. The firm will also be restoring its Paris futures business by relocating five traders back to its based in the French capital from London, UK, by the middle of June 1998. Finacor-Vendome's senior executives in Paris were not around to comment on any of the moves but a source said that he does not believe that floor-trading operations will officially shut down before July 1998.

Comment:

Intends to eliminate its team of over 50 floor traders at the Paris, France, fixed-income futures exchange, according to sources

Labor force information, France, Bond Brokerage, Bond brokers, Article, Finacor-Vendome

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Garban-Intercapital to launch crossing system for swaps

Article Abstract:

Garban-Intercapital PLC is launching a crossing system for interest-rate swaps later this month. The crossing system provides daily execution at a benchmark fixing rate, and will be the only electronic system that enables traders to post interest-rate swap orders anonymously and confidentially without revealing the size of their order or whether they are buying or selling.

United Kingdom, Services introduction, Services, Stockbrokers, Garban-Intercapital PLC

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Exchanges of Europe lead the world in IPOs

Article Abstract:

The volume of European initial public offerings have outpaced those of other exchanges, with value increasing by 45% to reach $52.5 bil for the first half of 2007 compared to $36.2 bil during the same period for 2006. By contrast, IPO growth in Japan was only 2.4% and reached $30 bil, while in America IPO growth rose 13% to reach $40.2 bil.

Europe, Japan, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Labor Distribution by Employer, Economic aspects, Statistics, Going public (Securities), Initial public offerings, Company public offering, Statistical data

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