Month: May 2004

CLS Targets South Africa, A-P Currencies

CLS Bank International has endorsed the inclusion of the South African rand as a CLS eligible currency, in principle. The currency will become eligible once the full CLS and regulatory approval processes have been satisfied and the technical implementation is completed. It is intended that the currency will go live at the end of the […]

Survey Sees Excessive Spending on Risk & Compliance

Consulting firm Bearing Point has released results of a survey conducted with more than 190 executives at leading financial institutions globally, which found wasteful spending and duplication of efforts around risk management and financial transparency, due to the absence of data standards. “A majority of financial institutions believe that their corporate governance is not capable […]

Currenex Deploys FIX Engine

Currenex has deployed Cameron Systems’ CameronFIX engine with the portal’s new FIX-compliant FX service, Executable Streaming Prices (ESP). Using the FIX 4.2 spec, Currenex’s ESP service for streaming FX rates allows price makers to transmit and refresh in real time, spot bids and offers to customers, who can then execute from displayed prices directly or […]

Kalahari Acquires Beast Source Code

Kalahari, a provider of real-time analytic systems and consulting services to financial and energy trading institutions, has acquired the source code from Beast Financial Systems’ suite of treasury products. Beast Financial Systems ceased trading in July 2003. In December, the company granted an unrestricted licence for the use of the technology source code of all […]

…while TCorp Takes IMS for Fixed Income

New South Wales Treasury Corporation (TCorp) has selected investment management system, SimCorp Dimension, to manage its fixed income client portfolios. Based in Sydney, TCorp is the central financing authority for the New South Wales public sector, as well as managing debt and asset portfolios on behalf of its public sector clients. Dimension will be implemented […]

FHLB Seattle Selects Summit

Federal Home Loan Bank of Seattle (Seattle Bank) will implement the Summit system to support the bank’s investment and funding portfolios along with its associated hedging activities. In addition to a set of fixed income and money market instruments, the new system supports mortgage-backed and asset-backed securities, plus the derivative instruments used to hedge portfolio […]

GFI Launches Cross-Market Equity-Credit Derivative Trading

GFI Group (GFI), an interdealer broker and data and analytical software provider to the derivatives market, has made a number of hires in its equity brokerage business and is separately offering cross equity-credit derivative trading. Already active in cash and derivative equity products operating out of London, GFI in New York has hired 10 people […]

Rieber Installs SimCorps TMS…

Norwayââ?¬•s Rieber & Son has selected SimCorpââ?¬•s IT/2 to manage its corporate treasury activities. The company is looking to improve workflow and gain better controls, by moving to a new treasury management system. It will be replacing an Excel-based spreadsheet method. The systemââ?¬•s integrated approach enables currency rates to be updated throughout the system by […]

Mark-it Partners Launches Rate Fixing

Mark-it Partners is now publishing spreads to enable a daily price fixing on credit default swaps (CDS). The service, launched in March, covers North American and European credits, and is expected to facilitate credit market growth in CDS spread options. The fixings are determined daily, through rates supplied by a minimum of eight major dealers. […]

BBH Research Goes Onto Bloomberg

Brown Brothers Harriman (BBH) FX global currency research and analysis is now available to clients via the Bloomberg Professional service, providing another distribution channel for the bank. “This new offering enables existing and potential clients to access our outstanding global currency research through an integrated platform,” says Jeffrey Scott, global head of FX sales and […]