Month: December 2003

Stone Joins NAB

Mike Stone recently joined National Australia Bank in London as head of markets, Europe. He reports to Ron Erdos, head of global markets, and Jeff Mitchell, head of corporate and institutional banking, Europe. Stone joins from HSBC where he has spent the last six years as head of European fixed income sales.

Fix to Boost FX Presence

In response to calls for market standardisation, Fix is forming a workgroup to focus on and expand the use of the Fix protocol in the FX market. The group’s first meeting will be a conference call on Friday, December 19 at 1330 GMT and will be led by Scott Atwell, co-chair of the Fix global […]

DKW Offers Online FX to Funds; Sells Op Risk Tools

Dresdner Kleinwort Wasserstein (DKW) has extended the range of services that its prime brokerage platform offers to hedge fund clients with the launch of the Macro Prime Brokerage Platform. The system can now support funds’ trading activities in fixed income, FX and listed derivative products – including options, CFDs and total return swaps – as […]

CME Sees Record FX Volumes

The Chicago Mercantile Exchange (CME) reaped the benefits of the plunging dollar and increased volatility on Monday and Tuesday (December 8 and 9) with successive record FX trading volumes. Total FX futures and options volume reached 369,548 contracts on Monday, before pushing higher the next day to 431,481 – 22% higher than the previous record […]

Deutsche’s Farrell Joins Currenex

John Farrell is joining Currenex in January as managing director for global institutions. Based in London, he will report to Bob Garzilli, New York-based executive vice president for sales and strategy. Farrell joins Currenex after 14 years at Deutsche Bank and Bankers Trust. Mostrecently he handled European sales for Deutsche’s Autobahn FX and was global […]

ABN Bolsters Currency Overlay

James Binny has joined ABN Amro’s European FX analytics and risk advisory team as a director, focusing on financial institutions. He joins from Gartmore Investment Management in London, where he developed and managed currency overlay programmes, as well as leveraged derivative and currency funds, according to the bank. Based in London, he works alongside Kenrick […]

CSFB Relocates Two

Credit Suisse First Boston is relocating two of its senior managers to Singapore from Sydney. Sean Keane, director and regional head of global money markets, and Gareth Williams, a vice president in global money markets, are to relocate in the New Year, a spokesperson says. Keane reports to New York-based Steve Yanez, managing director and […]

2004 Guide to e-Services

Profit & Loss is now preparing the 2004 Guide to e-Services, which surveys the changes and progress of banks’ proprietary FX trading platforms, aiding clients in differentiating between the many offerings. The survey is divided into pre-trade, trade and post-trade sections and will appear in the February issue of P&L. Last year, 27 banks took […]

ISDA in Call for Online Derivatives Processing

The International Swaps and Derivatives Association (ISDA) has released a paper outlining its suggestions for accelerating the pace of automation in the processing of OTC derivative trades. The paper includes a target timeline for automated trade verification, confirmation and legal execution for FX, interest rate, credit, equity and commodity derivatives by June 2005. “OTC derivatives […]

Moneyline Releases iHost

Moneyline Telerate has released iHost, a managed data distribution platform, as well as re-launched its trading room platform, MTRS as TRS. iHost, which is based on the TRS data distribution platform, is intended to help customers manage their market data distribution, the company says. With iHost, Moneyline will manage a company’s platform so it no […]