Day: 1 June 2002

GFI Launches Fenics 2002

Brokerage, software and data services provider GFI Group plans to release a new version of the company’s Fenics software. The version, Fenics FX 2002, was demonstrated at the ACI European Congress in Luxembourg, and was due to be released to dealing desks in early June. The company says the new release is an upgraded and […]

Cognotec Unveils Fund Management Service and New Client

Cognotec has added to its product range by releasing a new Fund Manager module which is available on its AutoDeal+ platform. Separately, the company has announced its first adopter from outside the banking community. Broker/dealer Refco Capital Markets has started to roll out AutoDeal Lite across its operations in London, New York, Chicago, Singapore and […]

Profit & Loss Supplement

On April 25, Profit & Loss held the fifth in its series of e-commerce seminars, “Adopting the e-Channel: The How’s and Why’s”, an event sponsored by Reuters and held at the City Conference Centre in London. • What will motivate clients to migrate their businesses online? • The e-Channel: Not just a replacement for the […]

BIS Report Confirms Rapid Expansion of OTC Derivatives Trading

Following evidence from previous Bank for International Settlements (BIS) statistics, the institution’s latest semi-annual report on the OTC derivatives market (for H2 2001) indicates a continued and rapid expansion in market volumes. The estimated notional amount of outstanding contracts stood at $111 trillion at end-December 2001, an 11% increase on H1’s $99.755 trillion. The latter […]

Reuters Continues Integration Moves: Links News to Prices

Reuters continues its move towards a fully integrated environment, and aimed to highlight these advances at the recent ACI European Congress at which it showcased its entire range of dealing, STP and information systems. Mike Whitaker, head of marketing and strategy, treasury customer segment at Reuters, notes that the Congress represented the first chance for […]

Widening the Job Net

Although so many conversations over recent years have revolved around market consolidation, the fact remains that there is still plenty of movement in the job market, particularly at the top end of the scale in bank terms. There is an adage which suggests that if a trader or salesperson has not resumed employment within six […]

Credit Agricole Continues Expansion

Credit Agricole Indosuez (CAI) has continued to expand its trading activities with the hire of four new staff to its London office. The moves continue the process reported in Profit & Loss, April 2002, as the bank aims to provide extra impetus towards its target of establishing itself in the top 10 banks in foreign […]

Bank of America Continues Hiring Spree

Bank of America (BofA) has continued to add staff to its global operations, with particular emphasis on North America. The bank, which recently recruited Larry Baum from Barclays Capital to be its global head of spot, forward and proprietary trading operations (see Profit & Loss, March 2002), has added seven other trading and sales appointments […]

Chan Joins Forecast from ING Barings

Craig Chan has been appointed senior Asian strategist for Forecast, the subsidiary of analytical company 4Cast in Singapore. He joins from ING Barings, where he was most recently a financial market strategist and economist in Hong Kong. Chan will have primary responsibility covering North Asia, but will also guide the company’s thinking on Asia as […]

Simon Wilson-Taylor: Focus on the Road Ahead

If there is one theme that has run through the career of Simon Wilson-Taylor, managing director of Global Link worldwide, it has been the drive to set up new businesses, sometimes independently and sometimes within the umbrella of larger organisations. It was this drive that brought him to State Street nearly a decade ago to […]