Month: July 2000

JP Morgan Launches Online Risk Management Service

JP Morgan has launched www.swaps.jpmorgan.com, a Web-based European risk management service for institutional investors and financial institutions. The service is similar to the previously released SwapsLab, which is tailored towards European corporate clients. The new site includes an online training facility, market rates, commentary, economic updates and research, as well as derivatives market news and […]

Merrill Lynch Takes Reuters 3000 Xtra

Merrill Lynch has signed up for 1,200 positions of Reuters 3000 Xtra, the company’s trade information service. Xtra provides the trading and sales teams with access to real-time information, analytics and historical data, as well as customised workflow sheets. Over the course of this year, Merrill will rollout 1,000 positions at existing offices in London, […]

JP Morgan Introduces New Derivatives Services

Fixed income investors can now access a new benchmarking and investment product from JP Morgan, through a new family of indices called the Total Return Swap Indices (TRSIs). TRSIs will reflect the economic performance (total return) of the swap markets in a transparent and flexible way, say officials. “The TRSI for a given currency and […]

Cognotec Opens Additional offices

Cognotec has opened two new offices in Vienna and Frankfurt in order to meet continuing demand for its AutoDeal Lite and AutoDeal Direct services, say officials. The announcements follow openings in Paris, Amsterdam, Zurich, San Francisco and Singapore earlier this year. The Vienna office opened on 1 June, and is led by Michael Selinger, currently […]

Online FX Trading Service Plans to Add FX Options

Currenex, the online FX trading service that launched at the end of April with FX spot, forwards and swaps dealing, plans to add options instruments by the end of the summer. The service, FXtrades, provides trading via a competitive bid environment for CFOs, corporate treasurers, investment fund managers and agencies. Lori Mirek, CEO, says the […]

HedgeWorld.com Offers Access To Fund Manager Databases

HedgeWorld.com has entered into a multi-year agreement with Effron Enterprises for its Effron PSN Database, making the site the first to offer integrated access to one of the leading databases for the traditional money management industry. HedgeWorld.com currently provides exclusive Internet access to the Tass+ database, one of the alternative investment industry’s leading hedge fund […]

New Online Trading Service Launched by SunGard

SunGard Trading and Risk Systems, formerly Infinity, has released a new Web-based trading and execution service called TreasuryTrader. The service enables banks to provide secure, cross instrument treasury trading for their customers or branch networks through a single, bank branded Web site. TreasuryTrader, which supports all FX and money market instruments, promises to reduce transaction […]

EBS Adds Precious Metals To Electronic Trading Range

EBS hopes to gain a foothold into the estimated $6 billion of daily spot gold volume with the introduction of precious metals trading to its automated broking service. From 10 July, spot gold against the US dollar was introduced onto the system, with silver to follow shortly. EBS’s flagship interbank spot FX matching service already […]

Fenics Alliance Adds Three More Partner Banks

ABN Amro, Dresdner Kleinwort Benson and Lehman Brothers have joined the www.fenics.com strategic partnership, which was formed by four founding bank partners and Fenics Software in May. The Internet-based FX options pricing and analysis service went live on 10 July. The alliance includes founding members Bank of America, Credit Suisse First Boston, Société Générale and […]

Proprietary Trading: Can It Ever Provide a Steady Revenue Stream?

Banks have big balance sheets, and they need to do something with this capital. The role of the proprietary trader is to make money for the bank ‘ but often times, he’s out the door as soon as he has a bad year. Julie Ros asks whether banks are applying the right performance measures to […]