Pennsylvania State Treasurer Barbara Hafer Announces Plans to Launch BidPA
September 1, 2001Pennsylvania State Treasurer Barbara Hafer has announced plans to launch BidPA, an on-line auction platform allowing Pennsylvania banks to competitively sell Certificates of Deposit to the Treasury Department. Treasurer Hafer will hold two back-to-back auctions on a monthly basis for 3 month and 6 month CDs. The first two auctions will be held on Wednesday,… Read more »
Mellon Financial Conducts First Internet Auction of Custody Securities by Lender/Custodian
May 17, 2001Mellon Financial Corporations Global Securities Lending Group conducted its first Internet based auction of securities held in custody on Wednesday, May 16. Dealers submitted bids to borrow shares of a highly sought after equity in an open auction lasting 30 minutes. During the auction, bidders were permitted to see whether their bids were “leading” or… Read more »
Louisiana to Hold its First Jumbo CD Auction on April 17
April 17, 2001On Tuesday, April 17, 2001, the State of Louisiana will hold its first Internet auction for jumbo certificates of deposit (CDs) on its private-label website (www.BidLouisiana.com) created by the Grant Street Group. The Louisiana Department of the Treasury will conduct quarterly auctions for the placement of $50 million in State funds with Louisiana banks offering… Read more »
BidOhio Receives a National Award from the GFOA
April 15, 2001BidOhio, an Internet-based auction platform created by Grant Street Group for the Ohio Treasurer’s jumbo CD program, won its third national award when the Government Finance Officers Association (GFOA) selected Ohio to receive the Louisville Award for Financial Innovation. BidOhio has previously been recognized by the Association for Financial Professionals and MuniNet Magazine and is… Read more »