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Article: ISITC-Asia Promoting E-Matching in Hong Kong.(Brief Article)
- Article from:
- Securities Industry News
- Article date:
- September 18, 2000
- Author:
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ISITC (Industry Standardization for Institutional Trade Communications)-Asia, the trade group representing the operations executives of about 45 fund managers, broker-dealers and custodian banks in Asia, said last week that it is working with broker-dealers and local custodian banks in Hong Kong to improve the use of matching and pre-matching facilities in that market.
ISITC-Asia is trying to increase the number of member firms who agree to abide by a new matching tolerance level set by Hong Kong's depository, Hong Kong Clearing Co., said ISITC-Asia's head Janis Alber, who is VP of State Street Information Partnerships in Hong Kong. State Street Information ...