Month: March 2001

Danielsson Defends anti-VaR Views at CSFI round table discussion

By Anindya Bhattacharyya Jon Danielsson, the London School of Economics academic, has defended his forthright criticisms of the Basel Committee’s Value-at-Risk (VaR) based approach to financial markets regulation. Speaking last month at a round table discussion organised by the Centre for the Study of Financial Innovation, Danielsson outlined the anti-VaR thesis he put forth in […]

Impact of the New Basel proposals on Traded Markets

Most of the readers of this publication will not have read the 500-plus pages of the New Basel Accord published for consultation in January this year, and are unlikely to read all of it even before its scheduled implementation date in early 2004. Hopefully, most will have read the executive summary and will be looking […]

Turkish Lira: What to do Next?

Turkey’s abandonment of its quasi-currency board regime does not yet mean the end of the IMF programme by a long shot, but the odds of its collapse from within have clearly risen sharply. In the aftermath, the central bank’s decision to provide liquidity to the financial system has come as little surprise given the extent […]

All You Need Is LUV

By Michael Burke, B&M Research L, U or V-shaped. That’s the only issue up for discussion: What shape will the US economic recovery be? No sooner had financial markets participants (mainly) accepted the idea of a US slowdown than attention switched to the guessing-game on the shape of the recovery. “Forget the downturn itself, Mr […]

Hotspot FX ECN Goes Live

A new ECN for the FX market has gone live with the launch of Hotspot FX on 22 February. The Internet-based platform was developed with backing from the ETF Group and billionaire currency trader Joe Lewis. “I am very excited about the future of Hotspot FX,” says Lewis. “The platform is extraordinarily user-friendly and its […]

CME Starts Side by Side Trading

Chicago Mercantile Exchange Inc (CME) is continuing its technology strategy with two new initiatives. The first of these is the creation of a virtual private network (VPN) to allow access to the Globex2 trading platform via the Internet in the US. The second offering is electronic trading of its currency and cross-rate futures contracts, which […]

Brown Brothers Extends FX WorldView

Brown Brothers Harriman (BBH) has released an index product dubbed FX BenchmarkView, to match the Morgan Stanley Index rates. Additionally, the New York-based private bank is developing a Web-enabled version of its FX OrderView service, as another module available under FX WorldView. FX WorldView is the bank’s online service developed in conjunction with Cognotec. FX […]

ICor Online Brokerage Set to Go Live With FX Options in Second Quarter

ICor Brokerage, the New York-based electronic derivatives broker, plans to debut its online trading platform in the second quarter of this year, according to officials. Tom Binks, head of ICor’s international operations, says the company is now in the final stages of testing and debugging its software. It is also negotiating with some 40 banks […]

Reuters Annual Results Reveals Revenue Rise for Trading Systems Division

Reuters Trading Systems (RTS), the transactions and order routing technology subsidiary of Reuters, has “recovered well from the millennium slow-down”, according to the company’s annual results statement for the year ending 31 December 2000. RTS’s overall annual revenues rose 5% to £822 million; with Dealing 3000, Dealing 2000-2 and Automated Dealing System (formerly known as […]

Reuters Prepares to Rollour version 4 of 3000 Xtra Desktop Information Service

Reuters is set to launch a new version of its 3000 Xtra “premium desktop service” this month. Enhancements in version 4 of the service include broader and deeper data coverage, new analytic capabilities, together with improved navigation and customization features. Reuters 3000 Xtra was first launched in late 1999 and brings together all its previous […]

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