STOCKHOLM, Sweden, March 12, 2002 (PRIMEZONE) -- Bear Stearns International Limited is a new member of Stockholmsborsen.
There has been a very large interest among foreign banks and securities firms in becoming members of Stockholmsborsen during the last year.
Bear Stearns International Limited will start trading in SAXESS on Monday, March 18, 2002. Bear Stearns International Limited is a remote member and will be trading from their office in London.
"Bear Stearns International Limited is pleased to announce its acceptance as a member of Stockholmsborsen. This membership will complete Bear Stearns International Limited's active participation in major European exchanges", says John Knight, Director of Corporate Communication, Bear Stearns International Limited.
"We greet Bear Stearns International Limited welcome to Stockholmsborsen. As many of the great international investment banks Bear Stearns International Limited has chosen to become a member of Stockholmsborsen. Citigroup, JP Morgan, Van der Moolen and WestLB Panmure are examples of other large international players that have become members during the last year," said Kjell Rorstrom, Head of Member Sales, Stockholmsborsen.
Bear Stearns International Limited has 900 employees in London active in the European and Middle East markets. Bear Stearns International Limited is a wholly owned subsidiary of The Bear Stearns Companies Inc which is one of the largest investment banks in the world and has more than 10.000 employees around the world.
This information was brought to you by Waymaker http://www.waymaker.net