Day: 1 March 2001

First Union Live with New Derivatives System

First Union, the Charlotte, North Carolina-based financial group, has gone live with a new fixed income derivatives system supplied by Calypso Technology. The Calypso application is coded entirely in Java and processes trades in real time. First Union is the vendor’s first publicly named customer, though Calypso officials say that at least three other customers […]

Wells Fargo Introduces FX Website

Wells Fargo has launched Foreign Exchange Online, a retail Internet site that allows businesses to buy and sell currency in the global FX market. The site offers FX rates, settlement and reporting. The system was created to meet the needs of businesses that need to frequently convert currency as a secondary aspect of their operation. […]

Bank of Taipei Takes FNX’s Sierra Treasury

Taiwan’s Bank of Taipei has signed up for FNX’s Sierra Treasury system to support its global trading operations. The installation will cover front, middle and back office functionality for FX, money markets, fixed income, repos, FX options, interest rate swaps and other capital markets instruments. The bank will also use the Web version of Sierra […]

FNX Teams With TreasuryConnect to Form Marketing Alliance

FNX, the Pennsylvania-based capital markets trading and risk management systems vendor, has formed a “co-marketing alliance” with TreasuryConnect, an Internet-based derivatives trading platform developer. FNX’s global sales force will promote TreasuryConnect’s online interest rate and currency derivatives platform to its customer base, says an FNX spokesperson, adding “valuable cross-product functionality to our Internet solutions”. TreasuryConnect’s […]

JP Morgan Investor Services Offers ETF Options

JP Morgan Investor Services (JPMIS), the name adopted by the former Chase Global Investor Services, has launched a full range of exchange traded fund (ETF) capabilities. Separately, the group will conduct securities processing for The Vanguard Group’s proposed offering of exchange traded shares. The ETF service capabilities offered by JP Morgan will include custody, securities […]

CME Sets January Volume Record

January trading volume at the Chicago Mercantile Exchange (CME) surpassed all previous levels with a new record of 31.7 million contracts changing hands (with an underlying value of $24.2 trillion). The Globex2 electronic trading system also set a new monthly record in January of 4.8 million contracts, a 129% increase over January 2000. The volume […]

Bank of Jerusalem Takes New Front Office System

Bank of Jerusalem is rolling out a front office and risk management system from Ubitrade (formerly ATSM) for its capital markets activities, covering money market, FX, bonds and derivatives trading. Bank of Jerusalem is now diversifying away from its core mortgage lending business in Israel by developing its commercial and private client businesses. The Ubitrade […]

Chinese Mutual Fund Co-operation for JP Morgan Chase

JP Morgan Chase has formed strategic alliance agreements with two Chinese banks, the Bank of Communications and the China Construction Bank, in the area of open-ended mutual fund operations. The agreement will lead to JP Morgan Investor Services (JPMIS) providing consultancy services to the banks on the custodial side of fund operations, as they prepare […]

CurrencyNetwork Relaunches FX Commentary Website

CurrencyNetwork, the London-based online FX analysis, news and information service, has redesigned and relaunched its Web site with added functionality focused on reselling its content to other information vendors. The company’s CurrencyNetworkLive service now provides FX analytics 24 hours a day. Separately, CurrencyNetwork recently concluded a deal with New York-based financial information and transactional services […]

SFE Introduces AUD Futures

The Sydney Futures Exchange (SFE) launched Australian dollar (AUD) futures contracts on 6 February, targeted at private, corporate and institutional investors. Deutsche Bank is acting as market maker. The AUD currency futures contract is traded ‘round the-clock on Sycom, the SFE’s fully electronic trading system. “Deutsche Bank will use its foreign exchange B2B platform to […]

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