Month: November 2005

Fraenkel Heads to DrKW

Dresdner Kleinwort Wasserstein (DrKW) appointed Martin Fraenkel as managing director and global head of commodities. He is based in London and reports to Harry Culham, global head of FX. Fraenkel joins from Man Investments where he was a senior consultant, commodities and derivatives. Previously, Fraenkel headed the commodities business at NM Rothschild and Sons. Prior […]

GFI Hires Manager for Asia

Interdealer money broker, GFI, hired Danny Lee as manager, new business development, for North Asia/Greater China. In this newly created role, Lee will focus on servicing GFI’s Fenics client base in Hong Kong and Taiwan and support expansion into mainland China. Lee was previously with Thomson Financial in the Far East, where he most recently […]

Beard to RBS

The Royal Bank of Scotland (RBS) hired Marcus Beard as product manager for the fixed income e-commerce team. Beard is based in London and reports to Michelle Neil, head of fixed income e-commerce. Beard joins from CSFB, where he was COO for interest rate products trading. During his tenure at CSFB, Beard was responsible for […]

FX Exposures in Australia Jump 46%…

Australia’s net long foreign currency exposure, after FX hedging through derivatives, has jumped 46% to A$217.6 billion (US$160 billion) since June 2001, according to data released last week by the Australian Bureau of Statistics (ABS). All major Australian enterprises including banks, financial institutions, the Reserve Bank of Australia (RBA), state borrowing authorities and companies were […]

Reuters Launches New Messaging System

Reuters last week announced the launch of Reuters Messaging 5.0 in collaboration with Microsoft and AOL. This is the first instant messaging hosted service to connect the financial community in real-time to MSN Messenger and AOL Instant Messenger and gives users access to an expanded community of over 200 million people. Users will be able […]

TraderTools Launches Globe

TraderTools, a supplier of electronic FX white label and software solutions, unveiled Globe, a new comprehensive global order book. Globe is enhancing the OrderTools component of STPlatform, the company’s straight-through processing eFX trading platform. Globe facilitates the entry of orders into the STPlatform via an order desk by a dealer or a salesperson, a Web […]

COESfx Adds Spot Silver

COESfx has added spot silver trading for retail and institutional traders using its Web-based trading platform. "Over the past year, we’ve seen significant growth in our trading volume," says Ronald Balzano, president, COESfx."In answer to the growing appetite for trading precious metals, we’ve added spot silver to our spot gold offering, which debuted earlier this […]

China’s CZ Bank Licenses New Treasury System

China Zheshang Bank (CZ Bank) has selected Misys Banking Systems to provide a treasury management system offering full multi-asset class coverage for trading, risk and operations. Shen Bin,head of treasury at CZ Bank, says the bank sought a "fully integrated system that would link all parts of our treasury functions, including money markets, fixed income, […]

FXC EMTA and ISDA Publish Compendium to Options Definitions

The Foreign Exchange Committee (FXC), EMTA and the International Swaps and Derivatives Association (ISDA) have updated Annex A to the 1998 Foreign Exchange and Currency Option Definitions on September, 25, 2000. Since that time, a number of amendments to Annex A have been published by ISDA, EMTA and the FXC. The publication of an update […]

HSBC’s Francis to Lloyds

Clare Francis has been appointed managing director at Lloyd’s TSB financial markets division (FMD), she joins from HSBC, where she has worked for the past 17 years, latterly running the European corporate treasury team. Based in London, Francis will report to Mark Preston, managing director Lloyds Financial Markets. In her role the banks says she […]