Month: February 2003

Delivering the Promise: The 2003 Profit & Loss Bank Guide to E-Services

In contrast to the turbulence in the multibank portal industry last year, a more serene development path has been witnessed for the proprietary bank platforms. So what have the banks been doing for the past year? In the fourth annual Profit & Loss Bank Guide to E-Services, Magnus Allan discovers that many have been busy […]

AIMA Appoints Council For 2003/04 Term

The Alternative Investment Management Association (AIMA) announced its council for the 2003/2004 term. Christopher Fawcett, director of Fauchier Partners, is the new chairman and UK representative, while Dermot Butler, chairman of Custom House Administration and Corporate Services, becomes deputy chairman and Ireland council representative. Fawcett replaces Hans-Willem van Tuyll, who steps down after a two-year […]

Icap Snaps Up BrokerTec

Interdealer broker Icap has bought online fixed income interdealer platform, BrokerTec, for up to £181 million in shares and cash. In the nine months to September, the BrokerTec businesses being acquired by Icap registered $73 million in revenue from broking and data sales, and a normalised profit of $14.9 million. The businesses had pro forma […]

Extra Funding For DerivaTech

Currency derivatives pricing and risk management systems provider, DerivaTech, has acquired extra funding, which the company says it will use for expanding its product range, as well as a sales and marketing initiative. The $7 million in funding comes from Trident Capital, a venture capital firm focused on the information technology sector. Nicholas Hatzopoulos, chief […]

E-portals Releases TMS Based on .Net Technology

E-portals, a new treasury management system that uses the Microsoft .Net framework, has released the first version of its integrated trading, treasury and risk system, x-treasury. E-portals says that unlike some initiatives that have converted legacy applications to use some of the .Net features, x-treasury has been designed and developed totally within the framework. The […]

RBS Merges E-Commerce Ops

The Royal Bank of Scotland Financial Markets (RBS) is combining the various strands of its e-commerce activities with its existing outsourcing operation into a single team. The new unit will be headed by Tom Roche, who becomes managing director, head of e-commerce and agency treasury services (ATS) at the bank. Roche was previously head of […]

Icap Updates Voice Trading Technology

The world’s largest interdealer broker, Icap, has rolled out voice trading technology supplied by Syntegra to 50 brokers in its Sydney office. “Icap is committed to implementing the best technology to improve our service and trading facilities,” says Austen Marriot, COO for Icap in Asia-Pacific. “We took advantage of the move to our new premises […]

MFA to Host Network 2003

The Managed Funds Association will host its annual Network 2003 conference at the Loews Miami Beach Hotel in South Beach, Florida, February 23-25. The event will feature an educational program, networking opportunities, as well as a trade exhibition for professionals in the alternative investment industry. On day one, general sessions will address issues and trends […]

Deal for MMS Analysis to Reach Smaller Investors

Global Forex Trading (GFT), an FX dealing platform based in Michigan, will offer its clients economic and market analysis from MMS International. The companies say that key aspects of MMS commentary will be offered at no charge to users of GFT’s DealBookFX platform. Gary Tilkin, president and chief executive officer of GFT, says, “Our GFT […]

Fortis Takes Cognotec For FXall Connection

Fortis Bank is adopting Cognotec’s FXall Connect module to deliver pricing to its clients over the multibank portal. Fortis has been using Cognotec’s AutoDeal Lite in its offices in the Netherlands, UK and US, and is planning to roll the application out to its Hong Kong operation. Roger Rosier, head of e-initiatives at Fortis Bank, […]