Month: September 1999

Tullett & Tokyo Merges With Liberty Brokerage

Tullett & Tokyo Plc and Liberty Brokerage Investment Corp announced plans to merge, securing a place among the top three inter-dealer brokers globally. The new company, Tullett & Tokyo Liberty, will combine Tullett’s global strength in FX, money markets, derivatives, energy, securities and equity products, with Liberty’s dominance in US Treasury securities, where it holds […]

ING Hires Miragaya As New Head of FX

ING Barings has hired two former Salomon Smith Barney/CitiGroup dealers to its forex operation in New York. George Miragaya joined the bank in late July as the new head of FX sales and trading, while John Stapleton joined as a senior trader. The hires mark a rebuilding of New York operation, which underwent a downsizing […]

Bigger Better Macquarie Settles in to New Role

Macquarie Bank has taken more than half of the former BT Australia forex division, which was acquired in July as part of the bank’s wider purchase of Bankers Trust’s investment banking activities in Australia. Simon Wright, who heads FX for Macquarie, says the bank has restructured the forex division to make way for the new […]

MacKinnon Settles Into New Role at Merrill Lynch

In his new position as senior currency strategist for Merrill Lynch in London, Neil MacKinnon says he is focusing primarily on short-term moves in the major currencies, but that he is also contributing to the firm’s longer term forecasts in the wider FX markets, including emerging markets. “This as a very exciting and challenging opportunity […]

Dresdner Makes Selective Hires to Bolster Singapore

Dresdner Kleinwort Benson has hired a small team of senior trading and sales dealers from the former Bankers Trust in Singapore. The hires represent a selective build-up of the operation, complementing the existing team, says Fred Dubignon, Dresdner’s head of FX sales in London. David Wensley has been named as the new regional trading manager […]

Sanwa International Installs Infinity

Sanwa International is testing Infinity Market Simulator, an application that delivers high-performance Monte Carlo-based Value-at-Risk reports. The pilot follows the April launch of Infinity 7, a front to back office trading and risk management system that supports high-volume, low-margin commodity transactions and low-volume, high-margin structured transactions. “Our organisation trades financial products across the entire spectrum […]

M&T Bank Takes FSS’s Spectrum

Manufacturers & Traders Bank has installed Financial Software System’s Spectrum FX risk management and settlement system in its Buffalo, New York headquarters. The bank is using the system to integrate its front, middle and back office trading, risk management, settlement and accounting for spot, forward, swap and options transactions. Spectrum is used to capture FX […]

Nittan Signs Takes Kalahari’s Arbitrage Software

Nittan part of the Nihon Tanshi Group of Japan, has taken Kalahari Software’s Trio Arbitrage and WinDiamond 32 software. Trio, a set of real-time FX/MM arbitrage calculators, is being used for cash and forward FRA arbitrage and cross currency arbitrage, while WinDiamond 32 is being used for pricing futures strips, FRAs and interest rate swaps.

Fenics Hosts Corporate Seminars for Dealers

Fenics Software and PricewaterhouseCoopers are jointly hosting an introductory seminar for its new Corporate Fenics software. All attendees will receive a free four-month trial version of the Corporate Fenics product, which is designed to help corporate treasurers hedge exposure to currency risk and make more informed FX option buying and analysis decisions. In London, the […]

Commerzbank Signs Deal With IFS for Risk Management

Commerzbank has signed a global deal for International Financial Systems’ Web-enabled risk management system, MarginMan, for collateralised trading. The rollout will begin in Europe for the Frankfurt and London offices, followed by New York, Singapore, Tokyo, Paris, Hamburg and Dusseldorf. MarginMan is a suite of Web-enabled risk management software applications consisting of specialised collateral-based trading […]