If they stay on their present course, global custodians and sub-custodians, squeezed from the top by clients and from the bottom by market infrastructures, are locked in a war to the death.

The settlement of equities in the New Zealand market has always had its idiosyncracies.

The European Central Securities Depositories Association (ECSDA) has appointed Soraya Belghazi as its first Secretary General.

The latest round of stock exchange privatisations is in full swing with both the Warsaw and Bulgarian Stock Exchanges announcing plans to privatise before the end of the year.