London market celebrates e-Accounts launch
The London market's enthusiasm for electronic trading has taken a step closer to transferring into reality with news that a major modernisation project has gone live.
The e-Accounts initiative is now operational, which means brokers that trade with underwriters in the London market can now send and receive accounting and settlement message in the standardised ACORD way.
The move cuts back on the duplication of manual data entries that take place with the thousands of contracts placed in London every...
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