Day: 1 May 2001

EBS to Preview New Product Suite

Sources say EBS, the online spot FX matching service, will preview its Internet-based conversational service, EBS Trader, and new market data products at the ACI International Congress in Singapore later this month. The services will compete with such established Reuters products as the Dealing 2000-1 conversational service, according to sources.

UBS Provides Mobile FX News in UK

UBS Warburg has introduced a UK version of FX KeyNews, a currency news service sent directly to clients’ mobile phones. The service, first launched in Switzerland, sends several bulletins per day via SMS, detailing key developments in US and European markets. “This is the first service of its kind with 2,500 clients currently receiving instant […]

MFA Plans Forum 2001

The Managed Funds Association (MFA) will hold its annual Forum 2001: The Forum for Managed Futures & Hedge Funds event on 10-12 July at the Plaza Hotel in New York. There will be three days of general sessions, workshops, panels, luncheon speakers and evening networking events. Between 600-800 delegates are expected to attend, representing CTAs, […]

FX Portals: What’s in it for the Clients?

With the two bank consortia-backed online FX platforms FXall and Atriax due to launch over the next few weeks, much has been said about what the platforms will offer clients. But what do the clients actually want from these platforms? Melvyn Westlake talks to players on both sides of the fence to find out if […]

Q and A With GLOBAL ASSET MANAGEMENT INC.

Company Information: Co mpany Name: TAL GLOBAL ASSET MANAGEMENT INC. Location: Montreal, Quebec Contact Name: Mr. Maxime-Jean Gérin Product Name: Currency Overlay: Return enhancement or selective hedging Product Assests: $4 billion in Currency Overlay Total Assets Under Management: $36 billion in Money Market, Bond, Equity Balanced mandates Firm Inception Date: 1973 Number of Employees: 600 […]

Industry Best Practices are in Focus for FX Committee

David Puth, the new chairman of the Federal Reserve Bank of New York’s Foreign Exchange Committee, says the continued emphasis on best practices for the industry is an important focal point for the group this year. “We have a set of guidelines for FX that acts as a working document to ensure that the industry […]

CME Credits Record Trading Volumes Behind $20 Million Q1 Profit

On the back of record Q1 trading volume, the Chicago Mercantile Exchange (CME) recorded profits of $20 million for the period, up from a net loss of $2.9 million in Q1 2000. In addition to record volume levels, the exchange cites expense reductions, a new pricing framework and increased distribution of the Globex2 electronic trading […]

Currency Fund Shut Down by CFTC

SunState FX, a Boca Raton, Florida-based fund manager, ceased operations in mid-April, following a four-count complaint filed by the Commodity Futures Trading Commission (CFTC) against the company and its founder Ulrich Garbe, who served as chief financial officer and head currency trader. Garbe’s current whereabouts are unknown. The complaint charges Garbe and SunState FX with […]

Bank of America Names Cummins New Global Head of FX

Bank of America has restructured its Global Risk Management (GRM) group into four product lines as part of an “ongoing implementation of a cross-product functional strategy”, officials say. Each of the four business lines – global derivatives, global FX, structured credit and structured securities – report to William Fall, head of GRM and Global Markets […]

RBS Expands Sales & Structuring Teams

The Royal Bank of Scotland (RBS) has made two additions to its FX sales and structuring teams in London. Anton Steurer joins the European sales team for FX and interest rate derivatives, reporting to Nigel Bennett, head of European sales for FX and interest rate derivative products, RBS Financial Markets. Steurer will be a senior […]