Month: November 2002

Opportunity Knocks for E-Mid

E-Mid, the Italy-based European Deposit and Overnight Index Swaps (OIS) trading platform which is a joint venture with Reuters, is currently working on connecting to the Real Time Gross Settlement System (RTGS) of several Eurozone central banks. The system, which is available on Reuters 3000, is already connected to the Italian RTGS, Birel. Vincenzo Mioccio, […]

Weisberg Expounds Benefits As FXall Adds Numbers

Multibank portal FXall continues to build buy side client numbers. The group says September was a record month for client onboarding, with 44 new customers signed up to trade on the platform, which is backed by a consortium of banks. The number of customers on FXall has passed the 375 mark as it continues to […]

Twist Publishes Standards; Includes CLS Capability

At the end of September, Twist, the Treasury Management Workstation Standards Integration Team, finalised its range of standard XML-messages and published them on its website. The message standards are intended to “facilitate communication automation” between banks and clients. Additionally, the group has incorporated the communication messages needed to make use of third party settlement services […]

Global Link Goes Corporate with SunGard

The multibank portal industry continues to evolve. The latest, and not wholly unexpected move, is the announcement that State Street-owned Global Link’s FX Connect will now reach corporate users of SunGard’s eTreasury eXchange (eTX) system. The move expands the custodial bank’s reach to the corporate sector, as most of its current buy side users are […]

Emerging Markets: Shafts of Light in the Dark?

Given the ups and downs of the emerging markets during the late ‘90s, the crises of late have been few and far between. Still not for the faint hearted, these markets continue to provide some of the more interesting prospects in the financial world, if you pick them right. So what does 2003 have in […]

Senior Dealers’ Seminar Attracts Top Brass

ACI – The Financial Markets Association held its latest Senior Dealers’ ACI – The Financial Markets Association held its latest Senior Dealers’ Seminar in Davos, Switzerland, which focused on key developments in the treasury environment, as well as on a number of topics surrounding the future of the organisation itself. The theme of the seminar […]

Passing the Baton: Sawers to run FX at ANZ

Rick Sawers is to succeed Chris Cooper as managing director of global foreign exchange at ANZ Investment Bank (ANZ). Sawers, who will report to Bob Edgar, managing director of corporate banking, has served as group treasurer since joining the bank in 1994, prior to which he spent 23 years with National Australia Bank. A replacement […]

GFI’s Michael Gooch: A Success Story

From his humble beginnings as a trainee moneybroker back in 1978, Michael Gooch has come a long way. As founder and chief executive officer of GFI, the derivatives brokerage that is celebrating its 15th anniversary in currency options this month, he has steered what was once known as a derivatives boutique into a 600-person powerhouse. […]

Parker Indices Mixed In August

The Parker FX Index continued its recent pattern of declines, falling 1.67% in August; however, the Parker Emerging FX Index reversed recent declines, rising 2.09% on the month. All 45 programmes in the FX index reported returns in August, 31% of which were positive. On a risk-adjusted basis, the index fell 0.87%, the median return […]

Loose Monetary Policy, Tight Monetary Conditions

By Michael Burke, B&M Research Until recently, monetary policy in the current easing cycle has largely been judged to have been a failure. This is not a judgement on the pace or scope of the easing to date, but simply a factual description of the effectiveness of a looser monetary policy. Spectacularly, stock markets have […]