Month: May 2005

EBS Picking Up Pace

EBS released a raft of extra services to coincide with the 44th ACI World Congress in Stockholm, extended its EBS Live data offering as well as its EBS Prime product into Asia. EBS Prime, which is aimed at banks and the professional trading community has been rolled out across Asia, one year on from its […]

Wall Street Systems Exhibits New Tools at ACI Congress

Wall Street Systems, a provider of treasury and capital markets solutions, introduced its FX Limit Orders Module to the Wall Street System treasury and capital markets solution at the ACI World Congress in Stockholm. The module will provide customers with an HTML-based environment for submitting spot foreign exchange limit orders to a dedicated execution bank. […]

Neeleman to BNP?

Market sources report that Marcel Neeleman is set to switch from Westpac in London to BNP Paribas. At Westpac, Neeleman was an FX options specialist, he is believed to be taking a similar role at BNP. The bank was unable to comment by press time.

Standard Hires in London

Standard Bank London has hired Chris Burman as a dollar/yen trader, reporting to Pete Gardner, chief dealer. Burman was previously with IFX Markets in the City, where he held a similar role.

Loewy Joins Bank of China

Bank of China confirms that Rob Loewy has joined in London as treasury director. Loewy left HSBC last year after 14 years with the bank, where he was managing director and head of FX trading for Europe and the Middle East. Between HSBC and Bank of China, Loewy has worked as a business consultant at […]

Simmonds Goes to Bear Stearns

Jon Simmonds is joining Bear Stearns in June the bank confirms, at which time, his role will be announced. Simmonds recently left Calyon in London, where he was most recently global head of spot FX trading. He joined the bank in mid-2002 as head of FX in London and was promoted to head of global […]

Taylor to Set up Prop Desk

First New York Securities, a global hedge fund/trading firm hired David Taylor to start an FX operation. Prior to joining First New York, Taylor was a chief investment officer with Cover Asset Management, and before that was in the banking sector. First New York is actively seeking experienced, entrepreneurial and proven FX traders who can […]

New Rouble Definitions Announced

EMTA, the International Swaps and Derivatives Association and the Foreign Exchange Committee last Friday announced an amendment to Annex A of the 1998 FX and Currency Option Definitions to amend the Russian rouble rate source definitions. Effective as of June 16, 2005, Section 4.5(b) (iii) of Annex A will be amended to replace section (C) […]

FinLab SA and Baring Asset Management Sign Deal

FinLab SA, which provides software products and services to investment professionals making asset allocation decisions on both hedge funds and traditional funds, has signed a software licensing agreement with Baring Asset Management. Denis de Pentheny O’Kelly, CEO of Finlab, says, “Baring Asset Management’s decision to choose PackHedge is a major step forward in the adoption […]