Month: July 2001

CNMobile Celebrates First Anniversary

CNMobile, the joint venture between ADM Investor Services, a provider of FX brokerage for smaller institutions and investors, and, an FX news and analysis provider, celebrates its first anniversary. Active since May 2000, the free service supplies currency market updates via SMS to mobile phone users. According to the companies, there is a continuing […]

Principia Partners in FXall Alliance

Principia Partners, which provides front to back office systems, has formed an alliance with FXall, to give its clients access to the online FX platform. Alex Stevenson, director of e-commerce services at Principia, says, “Our aim is to make life easier for our clients with a simple solution for FX trading. We want to provide […]

Westpac Installs Algorithmics for Market and Credit Risk Management

Westpac has completed the first phase of a project to implement Algorithmics as its primary enterprise risk management solution. The bank has installed Algo Credit to compute intraday-netted counterparty exposure across all wholesale financial markets. The next phases of the installation, now underway, involve replacing SunGard’s RXM credit limits application and Reuters’ KVAR+ market risk […]

Abbey & OUB in Syntegra Installs

Abbey National Treasury Services (ANTS) is to implement Syntegra’s ITS voice trading platform on a global basis. The global rollout follows an implementation at Abbey’s recently established Hong Kong branch, completed in November. Anthony Haynes, Hong Kong branch COO, says, “Due to the success of the Hong Kong branch implementation, Syntegra’s ITS voice trading technology […]

HedgeWorld Acquires Broadcast Network

HedgeWorld has acquired HedgeCall, formerly a unit of Investor Broadcast Network, which provides audio and video streaming capabilities to the hedge fund and alternative investment industries. The system delivers online audio and video presentations to registered members globally. “HedgeCall’s media capabilities significantly enhance HedgeWorld’s core business,” says Johann Wong, president of HedgeWorld. “HedgeCall strengthens our […]

TFI Limited Implement Spectrum

TFI Limited, which finances trade-related transactions in Central and Eastern Europe, the Middle East, Greece and Cyprus, has implemented Financial Software Systems’ Spectrum Treasury System at its offices in Nicosia, Cyprus. Spectrum will produce TFI’s daily P/L, illustrate its cash flows, monitor counterparty risks and help process trades through to the general ledger. TFI will […]

ABN Amro Extends Outsourcing with Web-Based Technology

ABN Amro International Financial Services Company (IFSC) has extended its outsourcing service for corporate treasuries with Web-based technology from Trema. The bank has been outsourcing services to multinational clients since 1988. The service allows treasurers to select the treasury activities they want to outsource, tailor the processes to their needs, retain access to all relevant […]

CME Amends Rules for Eurodollar Block Trades

The Board of the Chicago Mercantile Exchange (CME) has agreed modifications to the trading rules for block trading of Eurodollar futures and options. The new rules expand eligibility to all 40 quarterly futures expirations and the four serial expirations, lower the fee for block trades to $1.00 and increase the minimum threshold to 7,500 contracts […]

Bank of America Joins State Street’s FX Connect Network

Bank of America (BoA) has become the newest addition to State Street’s electronic FX trading system FX Connect, which now has 23 banks committed since the platform was opened to multiple counterparties in May 2000. BoA, a founding member of FXall, says FX Connect is one of a number of platforms with which they are […]

BBH Introduces FX IndexLink

Brown Brothers Harriman (BBH) Foreign Exchange has launched FX IndexLink, an automated currency trading tool designed to assist currency managers in minimising intraday currency risk and improving trade confirmation times. “Initially we designed the product for a single client,” says Henry Wilkes, BBH’s head of relationship management in London. “However, after close consultations with other […]

Profit & Loss is no longer publishing

Thank you for 21 great years of support