Month: October 2001

Central Banks Get It Together – Or Do They?

The G7 central banks took unprecedented steps in a seemingly united global monetary policy easing following the devastating events in the US on 11 September. Colin Lambert talks to the analysts to gauge their reaction. There was little surprise in the market that the Federal Reserve Bank’s response to the tragic events in New York, […]

Stock Markets and the US Dollar

By Michael Burke, B&M Research The turmoil in the financial markets following the attacks on US cities last month pales into relative insignificance compared to the loss of life incurred. But in some ways, the familiarity of market turbulence is at least a distraction from the devastation. As US financial markets in particular slowly get […]

FX Prime Brokerage: A Case Study

At the beginning of this year, C-View Ltd and Credit Agricole Indosuez decided to set up an FX prime brokerage arrangement. It turned out to be much more difficult than expected. Melvyn Westlake talks to both bank and fund manager to find out just what steps are involved in setting up such arrangements. When Paul […]

FpML Update

FpML.org has published Financial products Markup Language (FpML) Version 2.0 as a working draft and is seeking comments from interested parties before issuing a last call working draft. Copies of the working draft can be obtained via www.fpml.org/spec/index.html. Any comments on the working draft are requested at www.fpml-issues@yahoogroups.comby Friday, 9 November. Brian Lynn, co-chair of […]

Atriax Adds Functionality

Atriax, the multi-contributor online FX portal, has announced additional functionality to its dealing system in the form of spreadsheet deal import, buy/sell dealing screens, and an integrated audible alert on the request for quote (RFQ) feature. The spreadsheet deal import facility, which was due to be rolled out in July, enables users to prepare single […]

Reuters & Icor Form JV Derivatives Broker

Reuters and ICor Brokerage, an online derivatives broker, have created a 50/50 joint venture, ICor Brokerage, to develop electronic brokerage services for the interbank FX options and interest rate derivatives markets. Reuters is initially contributing $10 million to the joint venture, and will host the ICor broking system on its Dealing 3000 interbank FX trading […]

Refco Adds Equities to e-Trading Platform

The Refco Group has expanded its online offering with the launch of Refco Direct Equities, an electronic platform designed to give clients direct market access to level two quotes and direct order routing through European and US exchanges. The new product sits alongside Refco Direct’s FX and futures trading platforms to offer clients full access […]

UBS Warburg Upgrades FX Option Platform

UBS Warburg has released an enhanced version of its FX options e-trading platform. Formerly known as I-Dealer, the latest version is named FX Option Trader (FXOT), and features what is believed to be the FX derivative market’s only true ‘click and deal’ system with breadth across both vanilla and exotic options. It provides clients with […]

JP Morgan Hires for Forex Desk

JP Morgan has recruited Stephen Rosen from Deutsche Bank as a senior FX trader in London, reporting to Nick Munns, chief dealer, FX. Rosen previously held a similar position at Deutsche.

Lehman Hires for Tokyo Team

Lehman Brothers has hired David Maugham from Rabobank London as a senior vice president in charge of the non-JPY spot liquidity desk in Tokyo. Maugham will report locally to Hiro Mukaibo, head of the fixed income division, FX and emerging markets group, and globally to Mark DeGennaro, head of the global FX group, based in […]