Month: January 2000

Jobs Outlook: Sales & Structured Products Dominate the Horizon

The jobs market has experienced a shakeout over the past couple of years – due largely to bank mergers and technological advances. So the quality of staff is better today than ever; however, this means that competition for jobs is hotter than ever, as banks look increasingly to dealers that can bring something extra to […]

Investec Takes Expanded Online Trading System From Information Internet

Investec Bank in South Africa has gone live with an extended version of Information Internet’s MarketMaker online FX trading technology. Six new money market instruments have been added to the MarketMaker service, including fixed loans and deposits, FRAs, overnight call, rand overnight deposit swaps, client foreign currency accounts and trade finance. Additionally, the existing foreign […]

Q & A With Titan Capital Management Ltd

Company Name: Titan Capital Management Ltd Address: London Contact Name: Graham May / Ashok Patel Phone Number: 0207 484 3500 Fax Number: 0207 484 3550 E-Mail: Ashok@titancapital.co.uk Product Name: Titan-Advanced Currency Program Product Assets: US$ 11 million (notional) Total Assets Under Management: US$ 85 million Firm Inception Date: 1985 Number of Employees: Seven   Return […]

Market Pays Respects to Duncan Edwards

On Thursday, 16 December, the foreign exchange market observed a minute of silence in respect to Duncan Edwards, 40, who passed away last month after a short illness. Duncan was very well respected throughout the foreign exchange industry. He entered the market in 1979, when he joined Societe Generale in London as a junior dealer. […]

Euro Leads to Drop in FX Derivatives Trading Says BIS

The Bank for International Settlements (BIS) has found a sharp reduction in trading of foreign exchange derivative contracts, although these contracts still account for the second largest sector behind interest rate instruments. The findings were published in the BIS’s latest semi-annual report on positions in the global OTC derivatives market, which was released on 24 […]

CBA Issues First “Trigger” Currency Warrants in Australia

Commonwealth Bank listed Australia’s first AUD/USD “trigger” currency warrants on the Australian Stock Exchange (ASX) on 25 November. Rick Lloyd, CBA’s global spot FX trading manager in Sydney, says the fixed pay out makes the warrants an easier means of hedging for customers. CBA’s offering marks its first venture into the currency warrant market. In […]

NAB Restructures Regional Operations Across Asia

Over the next six months, National Australia Bank (National) will be restructuring its operations in the Far East to refocus on competitive areas of strength, says Jeff Mitchell, general manager, Asia, based in Hong Kong. The bank is focusing in four core centres – Hong Kong, Singapore, Korea and Japan – and will expand in […]

Media SIM Spa Signs Deal with Dart

Milan-based derivatives brokerage, Media SIM Spa (formerly JTB SIM), has taken the Dart++ derivatives pricing product range. The software is designed to provide traders and brokers with the latest technological systems that give them real-time pricing and risk management information. Dart+ Pricing is a modular system, with pricing functionality provided for swaps, FRAs, IRGs, FX […]

ADS Releases Internet Trading System: eGlobal Trader

ADS Associates has released eGlobal Trader (eGT) as part of a move to extend Internet compatibility to its core products. Its core product, Global Trader, provides front-end trading support in products such as FX, fixed income, money markets and derivatives. Global Trader integrates trading, position management, risk assessment and settlement processes across a client’s global […]

CME’s Year-Old EuroFX Contract Sets New Records

The Chicago Mercantile Exchange’s EuroFX Currency futures contract set a new open interest record in December, and its busiest week of trading since it launched one year ago. At the close of trading on 10 December, a total of 87,295 positions were open, reflecting an increase of 5,814 open contracts compared to the previous day’s […]