Month: December 2003

Caterpillar Uses SuperDerivatives

Caterpillar has implemented SuperDerivatives, joining IBM, Ford, Xerox and Alcatel which also use the FX option pricing system. Sources close to the company also suggest that it may shortly be extending its offering into the fixed income or equities markets. “It has always been our belief that when corporations obtain greater price transparency, they will […]

Gain Reports 100% Growth YOY

Futures commission merchant Gain Capital reports that trading volumes have increased by more than 100% compared to the same period last year. The growth underscores the firm’s commitment to meeting the trading technology needs of FX traders, it says.

Four Sign for GFI Revaluations

JP Morgan, Bank of America, Deutsche Bank and Bank of Montreal are to receive FX option revaluation fixings from broker and software house GFI. The fixings are intended to provide risk managers with independent, real time and historical data to revalue their FX derivative portfolios, and they fit in with the fair valuation of derivatives […]

Deutsche Puts Options Online

Deutsche Bank has added FX option execution to its online capabilities with a new module for its Autobahn FX platform. The initial phase, which goes live today, provides users with executable streaming volatilities for calls, puts, at-the money options, risk reversals and strangles in 10 currency pairs according to strike or delta (Deutsche provides electronic […]

Nicholls Transfers to Deutsche London

David Nicholls will become head of global finance London at Deutsche Bank in January, a newly created role responsible for all aspects of the global finance business in the UK. He will report to Lou Ghirardello, European head of global finance. Nicholls is currently head of global markets, Canada, having joined the bank in 1996. […]

IFX Acquires Zenith and Polpo

With effect from today, IFX Capital Management has acquired the rights and personnel behind the Zenith Program and the Polpo IFX Program. John Williams, head of trading, and Philip Jones, director of FX, will be responsible for the programs’ activities and will take new positions at IFX’s offices in London. According to the company, day-to-day […]

Oumeddour Joins RBS

Veronique Oumeddour joined the Royal Bank of Scotland (RBS) in Paris on November 17 to develop e-distribution of financial markets products in continental Europe, the bank confirms. She is working in RBS’s e-commerce business, reporting to Martyn Ranns, head of e-distribution. The team is headed by London-based Tom Roche, managing director, head of e-commerce and […]

SG CIB Reorganises at the Top

SG Corporate and Investment Banking (SG CIB) last week named Vincent Cazala co-head of FX and treasury, resulting in a chain of modifications within its debt finance operation. Cazala works alongside Stephane Landon, who holds the same title. Cazala has been with Societe Generale Group since 1990 and his new role sees him transfer to […]

ING Strengthens Taiwan FX

ING Financial Markets has appointed Jeson Yih-Liang Liu as director and head of financial markets in Taiwan. He reports to Percy Rueber, head of financial markets, Asia, and Wu Ching-mai, country manager for Taiwan. Liu’s role supports the ING’s efforts to increase its presence in local currency FX, derivative and debt markets, as well as […]

BarCap Adds Kay

Barclays Capital continues its recent raft of hires with the appointment of Allyson Kay as a director in FX sales in New York. She reports to Eric Price, managing director and head of FX distribution, Americas, and works alongside Tom Leonard who joined recently with the same title (see Squawkbox, November 24). Kay and Leonard […]