Month: January 2003

Reuters to Acquire AVT

Reuters has signed a definitive agreement to acquire AVT Technologies. AVT’s FX technology is behind such platforms as EBS Trader, FXall and Centradia, as well as many major bank proprietary platforms such as those of ABN Amro, the Bank of New York, Bank of America, Dresdner Kleinwort Wasserstein, JP Morgan, UBS Warburg and Westpac, among […]

Cognotec Looks to Solve the Build v Buy Debate

Cognotec has increased the modular elements of its AutoDeal+ offering one year after the system was initially released (see Profit & Loss, January 2002). It offers what the company calls a “comprehensive, flexible, multi-channel dealing service” and what chief executive officer Brian Maccaba more simply calls further incentive for banks to “stop trying to reinvent […]

Targeted: The Ideal Candidate Jobs Market Outlook 2003

Commensurate with predictions about the future of the FX market itself, the rumour mill has long been churning out forecasts of the demise of the jobs market. Overall employment numbers may have slipped a little further in the past year, but despite this, there remains a healthy demand for candidates with a specific skill set. […]

Reuters Icap Deal in Market Data

Reuters and interdealer broker Icap have extended an existing agreement to make a broader range of Icap data available to Reuters’ clients. Under the agreement, Reuters can now offer additional Icap data covering interest rate and currency swaps, FX option volatilities (caps and floors), money market instruments, fixed income assets, futures, commodities, equity derivatives and […]

IBM Moneyline Telerate Team Up

Information and transaction services provider Moneyline Telerate has entered into an agreement to provide IBM’s Finance Foundation for Capital Markets division, Informix Dynamic Server, with an object relational database with applications to manage real time or historical data from a single reference point. IBM will be using Moneyline Telerate’s Market Information Server (MIS) product suite, […]

Merrill to Rollout Fenics

GFI Group has announced an agreement with Merrill Lynch to initially rollout Fenics FX, its FX option pricing and analysis tool, to more than 100 users globally. Merrill Lynch, which has already implemented the software in its London and New York dealing rooms, plans to use Fenics as the global standard interface for all of […]

CLS Looks To Extend Services

The Continuous Linked Settlement (CLS) Custody Working Group, representing 23 banks, has agreed enhancements to the CLS service, aimed at eliminating FX settlement risk, that will enable all custodians to settle their fund management clients’ FX transactions through CLS Bank. Custodial banks acting for their fund clients will be able to achieve a higher degree […]

FXall Integrates Four More Banks

Multibank portal FXall has added four new banks to its list of liquidity providers, bringing the total number of integrated banks on the system to 43. The new additions are: Commonwealth Bank of Australia (CBA), Fortis Bank, Svenska Handelsbanken and WestLB. The latter two institutions were founding members of the failed Atriax multibank portal. Peter […]

RZB Takes New System for Treasury Management

Austria’s Reiffeisen Zentralbank (RZB), which runs a network of 13 banks across Central and Eastern Europe, is to have Wall Street System’s (WSS) treasury engine installed enterprise-wide to support its treasury and cash management operations. Meanwhile, the Dow Chemical Company has selected WSS to integrate its treasury operations worldwide. RZB is to have modules for […]

Research Group Sees Growth in Hedge Funds

Hedge Fund Research (HFR), a source of hedge fund information and performance data released its third quarter report on the industry showing the total size of the hedge fund industry at $600 billion, a 4.7% increase in asset growth from the second quarter and a 10.6% increase from the start of 2002. The report also […]