Month: October 2005

CCB Joins EBS Trading Community

EBS has further strengthened its presence in the Asian market by signing China Construction Bank Corporation (CCB) as an EBS Prime and Spot customer. As the latest Asian bank to sign up as to both services, major benefits cited by EBS include access to higher levels of liquidity and thus optimum prices in the most […]

Bank of China Automates Trade Finance

Provider of transaction lifecycle management solutions, SmartStream, announced that Bank of China (Hong Kong) has completed the automation of its trade finance function with TLM Trade Finance. Bank of China has automated the business to realise operational efficiencies and deliver new levels of customer service to their corporate customers, says a statement. TLM Trade Finance […]

Russell Continues FX Trading Build-up with LavaFX

Russell Investment Group which just announced its entry to Hotspot FXi (see Squawkbox, October 24), has also begun using rival platform LavaFX. Now trading on LavaFX as a market maker for its clients, Russell says the platform will enhance its ability to offer clients additional liquidity, trading anonymity and additional information to assess best execution. […]

FX Association of India Elects Managing Committee

The Forex Association of India announced that the following executives have been elected to its managing committee for 2005/06: R.N. Subramanian of Canara Bank is chairman, while two vice chairmen were appointed, Pankaj Sharma of Union Bank of India, and B. Manmadha Rao of UTI Bank Ltd. Secretary is Pawan Bajaj, Bank of India, and […]

Changes at eSpeed?

Market sources suggest that Cantor Fitzgerald, parent company of eSpeed, ceased its spot FX voice broking service last Wednesday. Sources say Nigel Renton, MD of FX, is to be moved into a new, non-FX role and that several spot brokers have left the firm. A spokesperson declines to comment on the rumours.

HFR and BarCap Launch Emerging Managers Platform

HFR Asset Management (HFRAM) says it launched the first-ever emerging managers hedge fund of funds on a controlled infrastructure platform. The HFR emerging managers fund will initially comprise 21 funds, each with two years or less of tenure. Barclays Capital has an exclusive arrangement to offer structured products on the fund, which will be the […]

DrKW Customises Research Delivery

Dresdner Kleinwort Wasserstein (DrKW) has launched PremierNote, a customisable service for the electronic delivery of research. The new service allows clients to receive research by email in the format, time and frequency that best suits them, officials say. It covers all published DrKW capital markets research across all asset classes. “The aim of PremierNote is […]

Currenex and Traiana Offer New Solution

Traiana and Currenex have integrated their platforms to automate and streamline order processing for prime brokers conducting FX trades on the Currenex execution platform. The two firms also announced their first joint customer, ABN Amro, which is live on the new solution. The straight-through processing integration of Currenex’s platforms, the Traiana Harmony service and Traiana’s […]

CCB Joins EBS Trading Community

EBS has further strengthened its presence in the Asian market by signing China Construction Bank Corporation (CCB) as an EBS Prime and Spot customer. As the latest Asian bank to sign up as to both services, major benefits cited by EBS include access to higher levels of liquidity and thus optimum prices in the most […]

Bank of China Automates Trade Finance

Provider of transaction lifecycle management solutions, SmartStream, announced that Bank of China (Hong Kong) has completed the automation of its trade finance function with TLM Trade Finance. Bank of China has automated the business to realise operational efficiencies and deliver new levels of customer service to their corporate customers, says a statement. TLM Trade Finance […]