Month: January 2002

Gain Capital Receives Regulatory Status

Gain Capital has received authorised status as a Futures Commission Merchant (FCM). It also announced the close of its Series B round and receipt of funding from US venture funds Edison Ventures, Cross Atlantic Capital Partners and Blue Rock Capital. As an FCM, Gain Capital becomes a member of the National Futures Association (NFA) and […]

SunGard Signs New Clients

SunGard Trading & Risk Systems has announced the signing of its first client in the People’s Republic of China, CITIC Industrial Bank. CITIC has selected SunGard’s Panorama system for front to back office trading of its FX, money market, fixed income and derivatives businesses. The bank will also use Panorama for managing its position risks, […]

Atriax FXpress Complete Integration

Online FX portal Atriax and FXpress Corp have announced the full integration of the Atriax dealing engine and the FXpress FX risk management system. The companies say that from within the latest version of their existing software, FXpress users can trade on live two-way pricing from Atriax member banks and utilise a full range of […]

AVT Integrates EchoFX into Currenex Atriax

AVT Technologies has announced the integration of its EchoFX auto pricing engine into the Currenex and Atriax dealing systems. The company says that in response to client demand, it has developed the connectivity to enable all existing users of EchoFX to supply automated, or personal, pricing to customers on request over both portals. AVT’s technology […]

Have Banks Cut Staff Levels Too Far?

With the build-up in recent years of sales desks, and the arrival of electronic trading, many thought the demise of spot trading was imminent. Colin Lambert finds a different sentiment emerging, with many recruiters saying good execution traders are still in demand. Furthermore, these recruiters say the jobs market is healthy generally, as many banks […]

Q&A With Jacobson Fund Managers

  Company Information: Co mpany Name: Jacobson Fund Managers Limited Location: London Contact Name: Kathryn Whinney Product Name: Jacobson Currency Programme Product Assests: $195 Million Total Assets Under Management: $217 Million Firm Inception Date: February 1995 Number of Employees: 9 Return Information Annual Performance 1995 1996 1997 1998 1999 2000 2001   11.08% 27.36 4.09 […]

Sumitomo Mitsui Starts the Long Climb Back

It has been a tough couple of years for the Japanese banking industry, but in the dealing environment there are signs that things are starting to change. The latest and perhaps most significant sign of this has been the appointment at Sumitomo Mitsui Banking Corporation (SMB) of Jeremy Hodges to the bank’s sales desk in […]

Bartko Steps Down at EBS

Peter Bartko was due to step down from his position as chairman of EBS on December 31st, at the expiry of his contract. In a statement, EBS paid tribute to Bartko’s, “major contribution to the building of the business, which sees it firmly established as the premier FX broker”. Bartko’s decision was taken after “careful […]

Merrill Hires DeSa as Global Head of FX

Merrill Lynch has announced the appointment of Michael DeSa as head of its global foreign exchange business, within Merrill’s Global Debt Markets group, responsible for all of the firm’s FX activities. As part of his role, DeSa will also help coordinate firm-wide FX activities across the private client and asset management divisions. DeSa, who joins […]

Icap Absorbs Volbroker; Reports Higher Revenues

Icap has integrated its currency options business, TFS-Icap, with Volbroker, the bank-owned online interbank currency options brokerage. The deal, which promises to create an inter-dealer broking consortium that combines the strengths of voice brokered liquidity with an electronic platform, was due to complete in September, but was delayed due to the events of September 11. […]