Month: December 1999

Tibco & Screen Consultants Offer Banks Tighter Management Control of Financial Information Costs

Tibco Finance Technology and Screen Consultants have linked to provide an integrated solution to manage and distribute detailed analysis of information usage. Screen Consultants’ INFOmatch allocates an organisation’s central contract costs to pre-defined cost centres, which assists in measuring the cost and profitability of trading departments by location, by desk or by user. Other facilities […]

CME Lowers Costs To Retail Investors

In an effort to draw more retail investors to its trading floors, the Chicago Mercantile Exchange has lowered the cost of market quotes to this market sector. Under the programme, a new class of “non-professional investors” will be able to subscribe to all CME price and volume data in each of the four product areas […]

Infinity Acquires OSM For Collateral Management

Infinity, a SunGard Company, has acquired One Stop Margin (OSM), a global collateral management system from Synamic Ltd. Officials say the addition makes Infinity the only financial technology vendor to offer a credit risk mitigation system that works across financial assets and is already live at client banks. “With large volumes of high value trades […]

SunGard & GTS To Offer Treasury Services for Corporates

SunGard Treasury Systems and GTS, a division of The Bank Relationship Consultancy, have partnered to provide small and medium sized corporates with access to an affordable treasury management solution, according to officials. GTS will serve as an application service provider (ASP) primarily for SunGard’s GTM product in European markets. “With many European clients looking to […]

Garban-Intercapital Wins Reuters Charity Golf Tournament

A team representing Garban-Intercapital of France took home the trophy for the 5th Financial Markets Charity Golf Tournament 1999, organised by Reuters for Children of the World foundation. The finals took place at The Old Course and Duke’s Course, St Andrews in Scotland on October 15-16, following qualifying rounds that took place in the spring […]

Softbank Makes Strategic Investment in Cognotec

Leading Japanese Internet company, Softbank Corp, has made a $20 million strategic investment to gain 10% interest in Cognotec. Softbank, which is the largest shareholder in Yahoo! and E*Trade, entered into a joint venture with Cognotec earlier this year, to distribute Cognotec’s Internet FX trading service, AutoDeal LITE, to Japanese and Korean banks and other […]

P&L Selected as New Publisher of ACI Briefing

P&L Services Ltd, publishers of Profit & Loss: In the Currency & Derivative Markets, was selected as the new publisher of ACI Briefing at ACI’s meeting in Spain last month. P&L redesigned the newsletter in a new A3 format, and began publishing this month. ACI Briefing will be published nine times a year. “P&L is […]

CSFB/Tremont Index Prepares for Launch

Credit Suisse First Boston Tremont Index LLC has made its new CSFB/Tremont Hedge Fund Index available for viewing over the Web. The index is the first asset-weighted hedge fund index – designed to provide a new standard for tracking and comparing hedge fund performance against other major asset classes on a global basis. “As investments […]

RBC Wins Tech Awards For FX Trading System

RBC Dominion Securities, the investment banking arm of Royal Bank of Canada, has won two awards for its Internet-based trading system, RBC DS DealSecure, which was developed using Cognotec’s AutoDealing system. In October, RBC won the 1999 Information Technology Excellence Award. The award was based on four major criteria: business advantage, IT pervasiveness, collaboration and […]

Eddie George Addresses WMBA at Annual Dinner

More than 125 brokers and guests gathered for the annual Wholesale Markets Brokers Association (WMBA) dinner 28 October at Stationer’s Hall in London. Bank of England Governor Eddie George addressed the gathering, praising them for their ability to “change their spots, not just quote spot”. Derek Tullett, president of Tullett & Tokyo, also gave a […]