JP Morgan, in partnership with EDS, has launched an Internet-based derivative management and settlement company, Arcordia, on 31 March. Arcordia will provide transaction management and settlement services via the Internet for derivative products to financial institutions and corporations world-wide. The service offers clients 24-hour access to an Internet-based infrastructure for management and settlement of derivatives […]
Month: May 2000
DG Bank has gone live on the Cognotec AutoDeal LITE service, the foreign exchange and money market dealing service from e-commerce solutions provider Cognotec. DG Bank’s Frankfurt-based FX dealing operations have already started using the service and the bank plans to roll out AutoDeal LITE to its domestic network of co-operative banks shortly. Arnd Stricker, […]
Tullett & Tokyo Liberty has hired investment banking firm Donaldson, Lufkin & Jenrette (DLJ) to advise on the company’s business to business e-commerce expansion. Tullett & Tokyo Liberty has recently launched a number of electronic dealing systems for the international financial markets including, LibertyDirect for the fixed income markets and Fast Forwards for the forward […]
Deutsche Bank AG, Tokyo Branch, became the first bank in Japan to offer its customers fully automated FX trading through the Internet on 16 March, using same Cognotec’s AutoDeal LITE system. Meanwhile, last month Fuji Bank became the first Japanese institution to provide automated online FX dealing for corporate customers, using the same system. Using […]
The new joint venture spot FX broking operation, formed in February between Garban-Intercapital and Prebon Marshall officially became Marshall Harlow Ltd on 1 April. Michael Plant, CEO for the group in London, says the two spot teams started working together on 1 February, and had all the desks moved into the former Garban headquarters at […]
Goldman, Sachs & Co is joining Volbroker.com with founding partners Citibank, Deutsche Bank and UBS AG. The Internet-based electronic interdealer broker for currency options was launched in March. “This group of banks, given its depth of liquidity, has the ability to create an unparalleled, open and efficient marketplace for currency options, and in the future, […]
Ed Whitmore, head of corporate sales at Standard Chartered Bank in New York has reportedly left the bank, sources say. He is said to be joining an e-commerce company, although this could not be confirmed.
Uwe Fuehrer has left Credit Agricole Indosuez in London. Meanwhile, Steve Walker, a senior spot trader, has also left the bank.. Fuehrer joined the former Banque Indosuez prior to the merger, in 1996. Meanwhile, Walker joined from UBS last summer
Raf Manji has left the proprietary trading desk of Deutsche Bank in London. Manji joined Deutsche from NatWest, and prior to that, was with Lehman Brothers. Sources say he is joining a fund, but this could not be confirmed.
Eric Robin is joining Lehman Brothers this month as head of European FX sales based in London, confirms Ivan Ritossa, head of European FX. He was most recently with Deutsche Bank, where he focused on sales to French and Swiss clients. Prior to Deutsche, Robin was with the former Swiss Bank Corp.