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  • Securities And Exchange Commission Chairman Harvey L. Pitt Praises Mutual Fund Directors Forum

    Date 20/05/2002

    Securities and Exchange Commission Chairman Harvey L. Pitt applauded the formal organization of the Mutual Fund Directors Forum, a non-profit corporation dedicated to improving fund governance by offering continuing education and outreach programs to fund directors. Chaired by David S. Ruder, SEC Chairman from 1987-89, the Forum represents a re-organization of the Mutual Fund Directors Education Council, a group formed in 1999 in response to the SEC's call for improved fund governance.

  • Rise In Baltic Members' Income

    Date 20/05/2002

    Baltic Exchange shipbroking members' net income rose to £350 million (US$ ½ billion) in 2001, according to a survey conducted by the Exchange in April. This reports an increase on 2000 of 18 per cent.

  • IPE Introduces New Facilities To Its Options Contracts

    Date 20/05/2002

    The IPE, Europe's leading energy futures and options exchange, today announced it would introduce several contract enhancements to Brent Crude and Gas Oil options on 27 May 2002. Contract extensions Introduction of EFS facility Reduced strike price increments for Gas Oil options

  • Instinet Ranked No. 1 Broker For Execution Quality In Trading Both NASDAQ And U.S. Exchange Listed Stocks For 2001

    Date 20/05/2002

    Instinet Group Incorporated (Nasdaq: INET) today reported that, according to a leading independent evaluator of institutional trading costs, Instinet Corporation ranked first in value-added for both Nasdaq and Listed executions during 2001 when compared to a universe of full service brokerage firms. The rankings are based on information from a Plexus Group comparison survey published in April 2002 that compares execution quality for Instinet to a universe of 12 of the most active full-service br

  • Instinet FX Cross - Clients To Anonymously Execute Large Currency Orders Throughout The Day

    Date 20/05/2002

    Instinet Group Incorporated (Instinet, Nasdaq: INET), through affiliates, the largest global electronic agency securities broker, and Citbank N.A. a market leader in foreign exchange, today jointly announced a strategic alliance that will operate The Instinet FX Cross, a foreign exchange crossing service, effective May 14, 2002. The Instinet FX Cross is a currency-crossing product introducing a new way to manage currency trading that will support the execution of large currency transactions anon