Month: January 2003

CME Volumes Fall Back in November

The Chicago Mercantile Exchange saw 44.15 million contracts change hands in November, a sharp drop from October’s 61.46 million contracts; however, it notes that October had three more working days than November. November volume was also slightly down on year-ago levels (45.26 million), but year-to-date numbers remain healthy, up 37% on the same period last […]

BNP Paribas Buys Lyonnais Stake

More signs of banking consolidation emerged when BNP Paribas, the Eurozone’s biggest bank by market value, bought a 10.9% stake in rival Credit Lyonnais. The stake was sold by the French government, acting under instructions from the European Commission. BNP Paribas has since raised the stake again, buying shares worth a little over 5% of […]

Riksbank Selects SimCorp

Swedish central bank Sveriges Riksbank has selected SimCorp’s TMS2000 system for its market operations division to enable it to manage and monitor its front, middle and back office, as well as accounting activities. The system will be used by the division responsible for the Riksbank’s asset management, foreign currency transactions, monetary policy operations and payments, […]

Mizuho and S-E Banken Sign for SuperDerivatives

Currency option pricing system SuperDerivatives has added Japan’s Mizuho Corporate Bank and S-E Banken of Sweden to its client roster. Mizuho has been using the system for several months as it undertook “a thorough and rigorous evaluation process”. Seiichi Tanaka, vice president (options trading) at Mizuho in Tokyo, says, “We have spent considerable time testing […]

ABN Opens CLS Centre

ABN Amro has opened a 24-hour CLS Centre for clients using the bank as their settlement member for Continuous Linked Settlement (CLS), the recently launched system aimed at removing FX settlement risk (see Profit & Loss, September 2002). The new centre was opened soon after CLS authorised its settlement members to offer third party services […]

KL Congress Focuses On the ‘K Economy’

The 22nd Asia-Pacific Congress of ACI – The Financial Markets Association, which took place in Kuala Lumpur at the end of October, featured a series of interesting and thought provoking presentations focusing on the ‘K Economy’ (or knowledge economy). The event was well-supported by Bank Negara Malaysia, therefore it was appropriate that after a welcoming […]

Q&A With C-View Ltd

  Company Name: C-View Ltd Contact Name: Paul Chappell Location: Hertfordshire, UK Product Name: Managed Accounts Programme Product Assets: $ 117.45 Total Assets Under Management: $ 129.45 Firm Inception Date: Oct 1996 Number of Employees: 7   Return Information Monthly Performance 1996 1997 1998 1999 2000 2001 2002 Since Inception   6.31% 18.83% 17.14% 10.41% […]

Parker FX Indices Mixed in October

The Parker FX Index fell in October, for the third month in succession. However, the Parker Emerging FX Index rebounded from September’s small loss with a strong month. The FX index fell 0.16%, with 44 out of the 45 programmes in the index reporting results, 50% of them positive. Year-to-date, the index is up 4.43%. […]

Currency Managers See Declines in September

Both the Parker FX and Parker Emerging FX indices reported losses for the month of September, the former fell by 0.71% and the latter by 0.12%. Year-to-date the FX index is up 4.60%. In September, 44 out of the 45 programmes in the index reported results, 39% of them positive. On a risk-adjusted basis, the […]

Climbing Kilimanjaro 2002

In the July/August 2002 issue of Profit & Loss, we reported how Stacey Seltzer, then assistant vice president of FX at Brown Brothers Harriman, was to climb Mount Kilimanjaro in aid of the UK-based charity, Children in Crisis. This month we publish the first instalment of his story of the climb, part two will follow […]