Novartis has begun using Corporate Fenics, the new currency options pricing system from Fenics Software, a division of Inventure Ltd. Corporate Fenics, which launched last May, is designed to help corporates manage their currency options exposure. Corporate FENICS allows users to price, revalue and analyse OTC and exchange traded vanilla and exotic currency options.
Month: February 2000
Softbank, the Japanese Internet company, has significantly increased its share in Dublin-based Cognotec. On the back of its October $20 million strategic investment to gain 10% interest in Cognotec, Softbank last month invested a further $20 million to increase its stake to 17%.
Tullett & Tokyo Liberty Plc began trading under its new name at the start of the year. Chief executive David Tuffley says the group’s plans for this year will centre heavily on e-commerce. “The development of Liberty Direct, the electronic fixed income trading platform that covers US Government bonds, will be considered as a potential […]
E-commerce is one of the hottest buzzwords in the market today, but what exactly does it mean? Not surprisingly, the definitions change depending upon whom you ask. While some view e-commerce as the physical electronic connectivity that enables you to buy and sell products over the Internet, others see it as a new business paradigm. […]
By Michael Burke, B&M Research The New Year began with a sharp lurch downward by leading stock markets, especially Wall Street. If these trends develop into a more sustained bear market, or even a Crash then the rosy forecasts for the world economy this year would have to be torn up. In the leading industrialised […]
A key concept for those assessing the strength of an Internet business is that of land-grab. For example, Amazon.com is widely regarded as having claimed the online land for book buying. Anyone else trying to sell books on the net will need to win land back from them. Another way of expressing the same idea […]
Eighteen months after it was first previewed, Reuters has finally released Dealing 3000, the “next generation” of its Reuters Dealing products. The service has been rolled out to 70 different customer sites globally, and has 160 users signed up for installation and a number of others in negotiation, according to Marion King, managing director, Money […]
GAIN Capital is the latest entrant in the race to offer online FX trading services – but hopes to set itself apart by offering real-time, two-way prices on a 24-hour basis with a team of professional Wall Street traders making markets to customers from next month. The New Jersey-based firm is being spearheaded by Mark […]
Credit Suisse First Boston (CSFB) has released Prime Trade FX, another part of the Prime Trade suite of online products to be released globally to third party customers outside the CS Group of companies. Prime Trade originally launched as a listed derivatives service about two years ago, but the system was expanded to include currencies […]
Warburg Dillon Read (WDR) has named Fabian Shey, a managing director based in London, as head of global e-commerce for the Treasury Products division. The first order of business for the dedicated e-commerce team is to examine new business processes to optimise ways of operating through this channel. There are three core efforts within the […]