Month: March 2000

Investment is the Key to Sterling

By Michael Burke, B&M Research The long-standing joke of the foreign exchange market, that no-one ever got fired for selling sterling, reflects a material reality for both the economy and the currency. The theme that has dominated the long-run history of both the UK economy and sterling is that of relative decline. The management of […]

JP Morgan Launches Online Derivatives Services Company

JP Morgan will later this month launch Cygnifi, an independent derivatives services company that will offer market and credit risk applications, independent valuations, portfolio stress testing, counterparty exposure simulations and collateral services to clients through Internet and other e-commerce vehicles. “The company will provide state-of-the-art applications and analytics to clients at attractive price points by […]

Reuters Unveils Internet Strategy

Ahead of the release of its preliminary year-end statement last month, Reuters unveiled a range of initiatives designed to accelerate its use of Internet technologies, open new markets and migrate its core business to an Internet-based model. Reuters plans to spend £500 million over the next four years to migrate its services to Internet technology. […]

GAIN Makes Senior Hires As Q1 Launch Date Nears

GAIN Capital, the new Internet-based currency trading service planned for launch later this month, has made three senior Wall Street hires for its management team. Glenn Stevens, formerly managing director, head of North American sales and trading at NatWest Global Financial Markets in New York, joins as head of sales and trading, while Colin Mitchell, […]