Month: September 2002

CFP Reaffirms Model Code Recommendations on Entertainment, Confirmations

The Committee for Professionalism (CFP) has reacted to recent high profile events in the financial markets by issuing two press releases reaffirming the framework laid out in the Model Code of ACI – The Financial Markets Association surrounding the issue of back office payments and confirmations, as well as personal conduct issues. The press release […]

Risk Advisory and Structuring The Future of UK Corporate Treasury

The following is a sponsored statement by JPMorgan At JPMorgan we aim to provide a more tailored and holistic approach to corporate marketing to that seen at many other FX banks. Given the consolidation in the market over the last number of years and the increasing importance of e-commerce, clients view the provision of liquidity […]

Using Risk Appetite Indicators to Trade Emerging Markets

By Callum Henderson, Bank of America The summer is not usually a good time for risk appetite and this year has more than proved that. For one thing, the usual seasonal factors come into play – investors go on vacation! In addition, benchmarked investors are more active in Q1 as books are re-opened and as […]

FXall Looks Ahead With Confidence

Atriax has come and gone, and attracted many headlines along the way, both positive and negative. During much of this period, especially since Atriax closed, its main rival, FXall, has kept a relatively low profile. It has, however, quietly been releasing enhancements to its system, bringing new buy and sell side clients on stream and […]

HSBC Enhances Web Offering

HSBC has enhanced its online offering as part of its move to release its Web-based services in HTML format as well as Java. The bank has also added money market trading to its platform, upgraded its research database, and provided streaming market data for its clients. Web security has also been reinforced, and is something […]

360T to Launch CP Trading

Multibank portal 360T has added yet another asset class to its platform. In addition to its FX, money market, vanilla options, interest rate swaps and FRA trading silos, the platform now supports commercial paper (CP) trading. The new module is in the final stages of testing before a live rollout at the end of Q3, […]

UBS Sees Continuing Strength In Online Adoption Rates

Anecdotal evidence across the market suggests that finally, after many false dawns, client adoption of online trading is growing strongly across both single and multibank platforms. UBS Warburg, as an award winning platform (Profit & Loss Digital FX Award for Best Platform, May 2002) remains at the forefront of the expansion into the e-world, and […]

View from the Other Side: What do Corporates Want from Their Banks?

The corporate treasury relationship is perhaps the most complex of all those in the trading room, primarily because that relationship generally extends outside of the dealing space to several other areas of the bank, in many cases to board level. Banks are keen to stress the value they add to this relationship, but what do […]

Another Intervention-Free Quarter for the Fed

The latest quarterly report on Treasury and Federal Reserve FX operations from the Federal Reserve Bank of New York confirms that once again the Fed did not intervene in Q2 2002. The last occasion on which the Fed did intervene was during Q3 2000, as the euro plunged towards its record low just above 82 […]

Barclays Continues to Build

Despina Pantopoulou has joined Barclays Capital as a director and global head of FX options. She will report to Ivan Ritossa, managing director and global head of FX. Based in London, she will be responsible for continuing the development of Barclays’ options capability. Pantopoulou joins the bank from Merrill Lynch in London, where she was […]