Month: May 2000

GFI Net Prepares for Launch

GFI Group’s e-commerce platform, GFI Net, has recently completed a $27 million round of financing and is now in the process of launching a range of online exchanges, online auction, and data and analytics publishing platforms for derivatives, emerging markets, energy and telecommunications, reports Michael Gooch, chairman and CEO of GFI Group and GFI Net […]

Cognotec Launches AutoDeal Direct at Forex 2000

Cognotec is launching the latest incarnation of its Internet-based FX autodealing service, AutoDeal Direct, at this month’s Forex 2000, ACI’s World Congress in Paris. Spearheading the marketing drive is Debbie Fuller, who was recently appointed as director, Global Business Development, and Don Lloyd, who just joined the company to head the product marketing in the […]

BBH Begins Web-Based Trading

New York-based Brown Brothers Harriman (BBH), the 182-year-old private bank, is due to begin Web-based FX trading, FX Worldview, using Cognotec’s AutoDeal LITE product for internal client trading on 8 May, followed by a wider rollout to global investors. “We are global custodians, so we are trying to develop Web-based products for cross border investors […]

State Street Launches Online Trading Tool

State Street Bank and Trust has launched Fund Connect, the latest addition to its Global Link portal. Fund Connect is an online trading tool that provides access to a wide range of proprietary and third party money market and investment funds. FX Connect, which was launched in August 1996, was the first asset class to […]

SwapsWire Venture Formed by Six Leading Derivatives Shops

Six leading derivative dealers have teamed up to form a new venture called, a communications platform that will provide a network and standard trade protocol for online trading and negotiation of interest rate derivatives contracts. The six partner banks, Chase Manhattan Bank, CitiGroup, Deutsche Bank, JP Morgan, Morgan Stanley Dean Witter and UBS Warburg […]

CSFB Appoints Vasan Head of E-Commerce

Philip Vasan, CSFB’s global head of FX and commodities in New York, has been named to oversee the Firm’s new e-commerce initiative, CSFBNext. CSFBNext unifies Credit Suisse First Boston’s fixed income, equity and investment banking businesses behind the goal of offering clients market-leading e-finance services, according to Vasan. “CSFBNext kicks off the next major move […]

Fimat Announces Management Changes for July

Fimat, the brokerage owned by Société Générale, announced several changes to its management structure which will go into effect as of 1 July, 2000. Alain Bozzi will add responsibility for the group’s operations in Asia, including Japan, Singapore, Australia and Hong Kong to his existing duties as general manager of Fimat International Banque SA and […]

McLoughlin Joins Boston Safe Deposit

Linda McLoughlin, most recently a senior sales dealer with Bank of America in New York, has reportedly joined Boston Safe Deposit & Trust, a division of Mellon Bank, in Boston.

Silverman Exits DLJ; While Carter Joins

Howard Silverman, a senior sales dealer at Donaldson, Lufkin & Jenrette in New York, has left. His whereabouts could not be determined by press time. Jamie Rubin, has relocated from the sales desk into a new area at the investment bank. Meanwhile, Phil Carter has joined the sales desk from Fortis Bank.

Ludlam Joins Bank of America

James Ludlam, formerly of UBS in London, is joining Bank of America in San Francisco as an emerging markets trader, covering South African rand and Easter European currencies.