Month: November 2004

Commerz FX Team Still Awaits News

Further to our report in Squawkbox on November 15 that Commerzbank is retrenching its global investment banking operations to Frankfurt, our sources say that the 12-strong FX team in London is still awaiting news about their future with the bank, and that they are no longer on the premises. It is believed that both New […]

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BBH Hires Krinke

Joachim Krinke joined Brown Brothers Harriman in London last week to develop the bank’s FX investor business on the Continent, specifically in Switzerland, Germany and France, the bank confirms. His last role was at Westpac’s London operation, where he was senior manager, FX sales.

FMA – USA President Joins Kalahari

Kalahari, a provider of real-time analytic systems and consulting services to financial and energy trading institutions, has appointed Peter Wadkins, president of the Financial Markets Association – USA (FMA-USA), as New York-based sales director, effective immediately. Wadkins was appointed president of FMA-USA in 2000, and was re-elected for a further three year term in 2003. […]

MFA Members Tap New Directors Chairman Re-Elected

John Gaine, president of the Managed Funds Association (MFA), welcomed four new directors to the board during its first meeting of the new term on November 10th in New York, and announced the board’s re-election of its chairman, Adam Cooper, for a second term.  The four new directors, elected by MFA’s membership for two-year terms, […]

Currenex Issued UK & US Patents

Currenex, the FX trading network and systems provider, has been issued two new patents, UK Patent # 2,379,063 entitled, Method and Apparatus for Foreign Exchange Execution Over a Network, issued on September 1, and US Patent # 6,807,635 B1 entitled, Using Digital Signatures to Validate Trading and Streamline Settlement of Financial Transaction Workflow, issued on […]

Calypso Expands Globally with Several Appointments

Calypso Technology, a provider of cross-asset front to back trading and trade processing systems, has made a number of appointments globally to address what it calls “increased client demand and significant growth in 2004NLG¢,. Overall, headcount increased by 46% during the year. “We’ve experienced dynamic growth across all regions this year, having signed clients such […]

Norway’s Financial Regulator to Allow Hedge Funds

Bloomberg (Finansavisen) reports that Kredittilsynet, Norway’s financial industry watchdog, is recommending the country allows investment companies to offer hedge funds and other “special funds”. In its comments to a proposal for new securities legislation, Kredittilsynet would also allow investments in venture, private equity and derivatives funds. Fund managers that already hold licences to operate in […]

FXall Unveils New Framework

FXall last week unveiled what it calls “a new, high performance, fault-tolerant, scalable infrastructure”, dubbed Altair, which boasts 20 new features. With the launch, FXall Altair now provides money markets trading.   Among the new additions is QuickFill, which provides active traders with deeper liquidity by aggregating continuous streams of executable prices from multiple sources. […]

Treny Exits Deutsche

Stephane Treny, European head of corporate FX sales at Deutsche Bank in London, has left the organisation, the bank confirms, but declines to provide further details.