Month: March 2002

FXline Opens

A new service offering editorial content from providers such as Standard & Poor’s MMS and Dow Jones, dubbed FXline.net, was recently launched by the founders of CurrencyNetwork. The company says the Internet-based service is aimed at providing a ‘one-stop shop’ for live streaming content, including prices and data in the major currencies. Initially the service […]

CME Records Busiest January

Chicago Mercantile Exchange (CME) saw 44.3 million contracts change hands in January, the highest level of trading for that month on record, and the second busiest month in the exchange’s history. The total was 40% higher than January 2001 and represents an underlying value of $32.3 trillion. Foreign exchange product volume in January rose 10% […]

CSFB/Tremont Hedge Fund Index Up in January

The CSFB/Tremont Hedge Fud Index was up 0.5% in January. Emerging markets funds returned 2.8% in the month, outperforming all other sectors for the third consecutive month, according to CSFB Tremont Index LLC.

Gain Capital Acquires American Traders FX

Gain Capital, the online FX margin broker, has acquired FX trading platform American Traders FX (ATFX) for an undisclosed payment of cash and stock. The deal will see Gain assume all ATFX customer accounts and stock. Gain sees this as a step towards further industry consolidation. “In the United States alone, there are over two […]

CME to Deliver Real-Time Market Data

Chicago Mercantile Exchange (CME) is to deliver streaming market data directly to its clients using Caplin’s Real Time Text Protocol (RTTP). The service, titled E-quotes, is due to be launched this month and will provide the exchange’s market data, news and charts to end users via the Web. Caplin says its RTTP Global Server and […]

Integral Absorbs IFS

Integral, which provides real time trading and integration software, has acquired International Financial Systems (IFS), a provider of collateralised trading systems, from the latter’s receivers. Integral’s product range will be augmented by the inclusion of IFS’ MarginMan, a collateralised FX trading product, which has been deployed at a number of financial institutions including ABN Amro, […]

SunGard Integrates STN Treasury and Panorama KnowledgeFactory

SunGard has integrated Panorama KnowledgeFactory, its on-demand risk analysis and reporting system, with STN Treasury, its online trading platform for FX and money markets which launched in April last year (see Profit & Loss, May 2001). This is part of SunGard’s ongoing strategy to integrate its products, the company says. The integration of the two […]

BP Takes New Global Treasury Platform

British Petroleum (BP) is using Wall Street System’s (WSS) treasury engine as the common platform for managing its group treasury, cash management, FX and funding operations internationally. The platform is operational at BP Finance’s four locations in London, Chicago, Hong Kong and Singapore. The strategy to create a global treasury platform began in early 2000, […]

ACI Training CD-Rom Redesigned

Multimedia TradeWind has updated Winforex, its PC-based study aid for ACI Certificate and Diploma candidates. The original product was introduced in 1996, but has had to be redesigned following ACI Education’s recent changes to examination question formats and marking methodologies. The company says Winforex replicates the Prometric electronic delivery format of the ACI Education examinations, […]

New European Head of Global Markets at BofA

Arrington Mixon has been appointed European head of Bank of America’s (BofA) global markets group. She will be responsible for servicing both investor and issuer clients in Europe with a full range of products and services from a single platform. BofA says she will be working closely with the FX, interest rate and commodity derivatives, […]