Month: April 2000

WestLB Proceeds With E-Commerce Plans

Humphrey Percy, recently appointed as CEO for a newly combined global treasury and global derivatives fixed income business unit at WestLB in London, says e-commerce is a priority for the bank, and that it currently has a dedicated group working on its strategy. Before the two business groups were integrated in February, the bank appointed […]

Current and Future Trends in FX Trading Systems

The Internet cannot be ignored as a key deployment mechanism. As the technologies associated with e-commerce enable goals such as straight-through processing to become a reality, how do you select an FX trading system that is right for you? The FX trading environment is changing dramatically with the evolving importance and influence of electronic trading. […]

Goldman Hires Seknadje For London Sales Desk

Guy Seknadje has joined the FX sales desk of Goldman Sachs in London as a senior dealer, confirms Michael Burton, FX sales manager. Seknadje will focus on French accounts and asset managers across Europe, with some involvement in structuring. He reports directly to Patrick Bauné, FX sales manager, corporates. Seknadje was most recently with Commerzbank […]

Boulton Exits CSFB While Gellos Joins

Roddy Boulton, FX sales manager at Credit Suisse First Boston in New York, has left the bank to pursue other interests, officials confirm. No replacement has been named. Sources say he may be joining a “dot com”, although this could not be confirmed. Meanwhile, Stephen Gellos has joined CSFB’s New York FX sales desk, covering […]

Carter Leaves Lehman New York

Buddy Carter, global head of FX sales at Lehman Brothers in New York, has left the group. Global head of FX, Mark DeGennaro, is overseeing both trading and sales, confirms a spokesperson.

HSBC’s Birgitte Jespersen Lives & Breathes Volatility

Although the term “emerging markets” may still make some people wince at the memories of the 1997/1998 financial markets crises, Birgitte Jespersen, head of emerging markets for HSBC Bank plc and HSBC Bank USA in London and NY, believes that if you play your cards right, the rewards can be greater than the risks. “The […]

Retirement & You

By Philip Kozloff, Previous columns have talked about strategies and philosophies for managing your wealth for a successful retirement. This column will deal with some of the practicalities of measuring your financial wealth and its changes in value. Assessing an individual’s investment account performance is more difficult than that of an index, a fund […]

Mercedes S-Class: Does anyone want to trade an old-style S600 with that lovely 12-cylinder engine?

By Philip Kozloff When has an industry reached full maturity? When the industry has been around for a long time, when competitors consolidate, when its products reach a development cul-de-sac? Has the automobile industry reached that point? Take DaimlerChrysler. It boasts that it is the oldest surviving motorcar maker, producing vehicles for well over 100 […]

BIS Looks at Trading Volumes in the Euro

Excerpted from the BIS Quarterly Review, February 2000 One year after the launch of the euro, it is interesting to gauge its importance as a transactions medium in the foreign exchange market. This role is important because of its implication for the euro’s attractiveness to international investors. To that end, this note analyses information on […]

FX Committee Releases Barrier Options Best Practices

The New York-based Foreign Exchange Committee has published a summary of the Best Practices agreements reached by the Barrier Options Subcommittee. The intent of the group was to establish a set of standardised procedures for settling barrier options by addressing the numerous differences in trading practices that have proved increasingly disruptive to this market. Philip […]