Cognotec has completed work on its FXall interface, Cognotec Fxall Connect, which will be available as an optional module for connecting clients to the planned online FX platform. The interface connects banks already using the Cognotec AutoDeal Lite service to the FXall electronic marketplace. For banks not already using Cognotec’s autodealing service, the module is […]
Day: 1 March 2001
Goldman Sachs went live last month with an online exotic options trading service, a component available on its Internet-based WebET platform, says Zar Amrolia, global head of FX sales and e-commerce. “American digital options are the building blocks for 90% of first generation structured products,” says Amrolia.”Not only can we use this to broaden our […]
Developing technology to handle client orders is one thing, but restructuring the human side is quite another. Julie Ros asks how e-commerce is changing the traditional FX sales desk. As banks continue to build, enhance and rollout their electronic FX offerings, they must also develop an electronic client strategy. In some cases, this means re-training […]
At the request of the European Central Bank, Heering Ligthart, president of ACI – The Financial Markets Association, recently made a presentation to the FX Contact Group in Frankfurt, which is comprised of representatives from the 20 largest FX banks in Europe, plus representatives of the 12 central banks within Euroland. Ligthart introduced the ACI […]
The Singapore Exchange (SGX) has appointed Gan Seow Ann as executive vice president heading the Securities Trading division, and John Duggan as senior vice president, heading the derivatives clearing division. Gan comes to the role from Merrill Lynch where he was the managing director of the institutional client division. Duggan was most recently the group […]
Lance Farrant has joined the FX trading operation at S-E Banken in London. He joins from the former NatWest.
John Caccavale has joined Lehman Brothers in New York as the new FX trading manager. He joins from JP Morgan, where he was in a similar role. Caccavale reports to global head of FX, Mark DeGennero.
Robert McKnew, Bank of America’s managing director, deputy head of Global Markets and global head of FX, retired from the bank on 5 February after 10 years with the bank. His retirement follows the recent restructuring within the bank to align risk management businesses under a new global risk management division, which includes global derivative […]
UBS Warburg’s Fabian Shey has been appointed as the new chairman of the online FX trading portal FXall. He succeeds Paul Kimball of Morgan Stanley Dean Witter. Separately, Shey has been named head of e-commerce for the Interest Rate and FX division (the new name for the Rates, FX and Derivatives division), reporting jointly to […]
Gain Capital, the online currency trading portal, has made four new appointments. Gordon Smith joins as vice president of systems development, assuming responsibility for all architecture, design and implementation services for the firm’s margin-based FX trading platform. Smith previously worked for the New York Stock Exchange, Merrill Lynch and Telerate. While working at Goldman Sachs, […]