Month: April 2001

CME Continues Bullish Agenda

Chicago Mercantile Exchange (CME) has continued its strong recent performance in February, with trading volumes rising 41%year-on-year. Globex2 garnered 4.8 million of the total 26.7 million contracts traded on the exchange, 18%of the total in comparison with 15%in January. Total FX volumes declined year-on-year to 1,389,048 contracts from 1,578,110 lastFebruary. Combined currency futures volume was […]

SunGard Bids for Parts of Bridge

Bridge Information Systems has conditionally accepted a bid of $165 million cash from SunGard to purchase parts of its financial information assets. The sections involved include BridgeNews LiveWire Company News service, the EJV bond data and analytics business, the Bridge Trading Company brokerage business and the eBridge Internet software enabling business, all of which are […]

Man Group Targets UK For New Fund

Man Group, an alternative investment product provider, intends to launch its first UK-listed fund of hedge funds product, Man Alternative Investments Limited (MAIL). According to the company, the fund is intended to achieve long-term capital growth at relatively low risk, achieved by allocating risk to a diverse range of hedge fund strategies that target absolute […]

Hedge Fund Index Reacts to Market Volatility

The CSFB/Tremont Hedge Fund Index, the index jointly composed by Credit Suisse First Boston (CSFB) and Tremont Advisors, is down for February 2001 by -0.6%, compared with January ‘s +0.9%. The index is comprised of 334 funds, quarterly selected from a database of more than 2,600 international hedge funds. “Hedge funds managed to limit losses […]

Barclays and Siemens Financial in Web-based FX Trading Venture

Siemens Financial Services GmbH (SFS) has rationalised its currency trading systems and adapted them for use on the World Wide Web, according to officials. The platform was developed in conjunction with Barclays Capital and is based on the bank ‘s FX Trader platform. According to SFS officials, the FX Trader solution is particularly suitable for […]

SunGard Extends Decalog Suite

SunGard Investment Management Systems, a provider of in-house and ASP solutions to the buy-side investment management market, has added the Decalog Messenger to the Decalog suite of products. The new product gives clients real-time access to all trade, order and instrument data processed by the Decalog Manager and the Decalog Trader elements of the platform, […]

SunGard Signs Two Asset Managers for Decalog

Milan-based Arca Asset Management has selected a suite of applications from SunGard Data Systems to support its trading operations. The asset manager will use SunGard ‘s Panorama for real-time risk management together with Decalog for order management and straight-through processing. The software will cover Arca ‘s entire investment operation. Filippo Pellizzetti, Arca’s head of technology, […]

Cognotec and Atriax Enter agreement

Cognotec, a provider of Internet-based FX and money markets trading platforms, has entered into a collaboration agreement with Atriax, the FX trading portal due to be launched in June. Cognotec will provide an interface that allows its nearly 90 subscribing banks to offer their clients FX prices seamlessly via the Atriax portal. The interface will […]

TheBeast.com Introduces New e-Finance Toolkits

TheBeast.com is to produce a suite of integrated technology tools that allow financial institutions to develop and distribute interactive applications across any network – public, private, or wireless. Each of the three product bundles – Transact, eContent and Analytics – can be used in isolation or in combination with other products in the suite, says […]

Prebon and Cedef Launch Emerging Market Derivatives Joint Venture

Prebon Marshall Yamane and Cedef have announced plans to launch a joint venture dubbed Prebon Cedef International, which will focus on emerging market derivatives and euro-denominated swaps. The two brokers will merge their existing operations in these areas into the new entity. The move will involve “some rationalisation of numbers”, says a Prebon spokesperson, “but […]