Month: June 2001

Siam Commercial Bank Goes Online

Siam Commercial Bank (SCB), one of the top four banks in Thailand, has implemented the country’s first Web-based FX trading service, scb-fx. The service uses Cognotec’s AutoDeal Lite platform. SCB will use AutoDeal Lite’s Liquidity Linq feature to connect to a liquidity providing institution, enabling it to offer its branches and clients a daily 12-hour […]

CSFB-Tremont Fund Index Enjoys Spring Thaw

The CSFB/Tremont Fund Index, jointly compiled by Credit Suisse First Boston and Tremont Advisers, ended April up +0.7%, ending a two-month interval of negative overall performance. “Equity markets surged in April, providing relief to distressed long-only portfolios,” says Robert Sloan, CEO of the CSFB/Tremont Index. “Year-to-date though, diversified portfolios, as represented by the CSFB/Tremont Hedge […]

Marshall Harlow Wins UK Financial Market Charity Golf Tournament

Marshall Harlow has won the UK leg of the 7th Financial Markets Charity Golf Tournament, played at the Wentworth West Course. The tournament is being organised by Reuters to raise funds to aid the children of Burundi, which has been suffering a civil war since 1994. Team members Micky Roberts (Handicap 4), Jim Thompson (2), […]

SPG Assists Indonesia with Professional Standards Programme

ACI’s Strategic Planning Group (SPG) has embarked upon a co-operative effort with ACI Indonesia, ACI Australia and ACI Singapore, to draw up a blueprint for introducing a “professional standards” programme in Indonesia. In late-December, ACI’s vice president Mike Eastaway, acting in his capacity as chairman of the SPG, travelled to Jakarta to present a suggested […]

The Risks of an Argentinean Default

By Michael Burke, B&M Research The Argentinean debt-swap agreement has put the situation at the top of the agenda. The consequences of a default would also be enormous and not just for the beleaguered Argentinean economy, not least because Argentina comprises about 23% of benchmark emerging market bond indices. The debt swap has the potential […]

Managing Risk in Volatile Markets

The management of risk is playing an increasingly important part in the implementation of an investment strategy. Fund managers may be paid to seek risk, but they will be paid more if they avoid the “wrong kind” of risk – the kind that leads to worse performance than their peers, Laurence Wormald, director of BITA […]

CitiFX

Near-term dynamics appear to have turned more constructive for the South African rand for several reasons. As a result, USD-ZAR has reversed lower from a record high of 8.2050 below 8 and could yet see more weakness in the immediate term. The USD-ZAR chart looks bearish with a potential test of 7.70-75 at least. However, […]

RBS Bolsters Sales Teams

Royal Bank of Scotland Financial Markets has strengthened its global investor coverage for FX and FX derivatives with three hires in London and New York. Bradley Leek joins as global head of institutional FX sales based in London; Brian Perry, senior institutional FX sales person, will be joining from Citibank/SSB, also based in London; and […]

BofA Strengthens Derivative Product Sales

Bank of America has added four sales positions to its Global Derivative Products group in London. Three of the new hires come from JP Morgan Chase, including Peter Paul Wuenscher, Julian Tams and Razvan Frumosu. Wuenscher joins as head of Northern European fixed income and fixed income derivative sales, reporting to Gerhard Seebacher, global head […]