Month: June 2002

Dexia Extends Implementation of SunGard BancWare

Dexia Bank has extended its implementation of SunGard’s BancWare system to 15 sites across Europe and New York to provide interest rate risk management for its entire balance sheet. BancWare will also provide an integrated platform for reshaping Dexia’s asset and liability management models after this year’s merger with the Artesia-Bacob Bank Group.

Citibank, Instinet in Strategic Alliance for FX Cross

Electronic securities broker Instinet and Citibank have announced a strategic alliance to operate The Instinet FX Cross, an FX crossing service due to be launched in Q4 2002. The service is a currency-crossing product that the companies say will introduce a new way to manage currency trading through the execution of large currency transactions anonymously, […]

CME Posts Best April on Record

The Chicago Mercantile Exchange (CME) posted its third busiest month ever and the busiest April on record, with 43,712,754 contracts traded. Year-to-date volume was 164.2 million contracts, the underlying value of the contracts traded in April was $31.4 trillion. Volume on Globex, the Merc’s electronic platform, rose 93% on April 2001 to 12,727,738 contracts. Year-to-date […]

CSFB/Tremont Hedge Fund Index Rises in April

The CSFB/Tremont Hedge Fund Index rose 0.79% in April, and is up 1.51% year-to-date. Roland Lorenzo, president and COO of Credit Suisse First Boston Tremont Index, says, “As traditional long-only strategies continue to disappoint investors, hedge funds provide a valuable alternative with good returns and low correlation, [and] represents vital risk management for the sophisticated […]

NFS Launches Treasury Support Centre

Nordic Financial Systems (NFS) has launched Treasury Support Centre (TSC), a comprehensive IT and business support service for the corporate treasury departments of multinational corporations and their subsidiaries. NFS says that TSC is the first service of its kind that enables corporate treasuries to maximise their IT environment and the potential of their treasury operations, […]

BBH Launches New Market View Product

Brown Brothers Harriman (BBH) has launched Market View, a suite of Web-based information products that provide comprehensive, real time access to investment industry news and analysis. BBH says that for the first time, this product will be available to those who are not custody or FX clients of the bank. Market View is a customisable […]

Efiposte Takes Reuters STP solution

Efiposte, the investment company of La Poste Group, is to integrate its front and back office applications using Reuters’ Tibco BusinessWorks straight-through processing solution. The solution will be used to manage standard aspects of trading, and to streamline and improve systems servicing customers and external counterparties of their bonds, money markets and derivatives operations. Deployment […]

Survey: STP Crucial to Drive Take Up of Internet Trading

A recent survey of treasury professionals from more than 45 UK and global financial institutions conducted by Reuters at the Profit & Loss E-Channel Adoption seminar in April, found that more than 70% of respondents see the provision of straight-through processing (STP) as a major priority for improving the uptake of Internet trading. The survey […]

Rabobank Selects OST Business Rules

Rabobank Group Treasury Services has selected OST Business Rules as a component of its new financial systems architecture aimed at further integrating its operations in London and Utrecht to improve its reporting capabilities. The bank has decided to re-engineer its reporting processes and systems with the aim of providing fully automated, comprehensive and accurate financial […]

Lehman Names New Global FX Head

US Investment bank Lehman Brothers has restructured its FX management team with the appointment of Grant Whiteside as head of global FX and Mark De Gennaro as global head of FX sales. De Gennaro had been head of global FX prior to these moves, he resumed the role in a single capacity after the departure […]