Month: April 2006

FXall Appoints CTO

Multibank portal FXall has appointed Andrew Banhidi as chief technology officer. Based in New York, he will join FXall’s senior management team with responsibility for overall technology strategy, system architecture and development, engineering, production services and quality assurance. Banhidi has more than 15 years experience in electronic trading, most recently as executive vice president and […]

Gain Acquires Funding

Trading and asset management company Gain Capital has completed its Series D investment round, with a $40 million equity investment from Vantagepoint Venture Partners. Vantagepoint obtained a minority stake in the firm and the funds were immediately used to repurchase outstanding stock from existing Gain shareholders. "Currency trading has been one of the fastest growing […]

Etrali Protects Against Downtime

Etrali, a provider of communications systems for the trading community, has launched its Network Continuity Services (NCS), a range of pre-designed recovery solutions designed to help financial institutions protect against costly and damaging downtime caused by business interruptions. Lila Benhammou, Etrali’s connectivity product manager, says, "Interrupted business invariably means lost business. In fact, the cost […]

ACI UK to Present Awards at fX Factor Dinner

ACI UK, a member of ACI – The Financial Markets Association, is to hold the ACI UK fX Factor Awards on May 5 at the Grosvenor House Hotel in London. The award categories are: Best FX Bank in London, Best Single Bank Portal, Best Vendor of e-Technology, Best Forward FX Broker, Best Spot FX Broker. […]

BNP Paribas Boosts FX Real Money Sales Team

BNP Paribas has appointed former Barclays Capital director Jonathan Pollock as head of UK real money sales for foreign exchange based in London, according to market sources. Pollock will focus primarily on the real money asset manager community, operating in the UK and Ireland and will report to Francois Boisson, head of European FX sales […]

GFT Adds Dow Jones

Global Forex Trading (GFT) is to offer a customised selection of Dow Jones news and information delivered directly within its proprietary online foreign exchange trading software, DealBook FX2. Under the deal, Dow Jones Newswires will provide GFT with a tailored selection of forex content. GFT customers will have access to Dow Jones coverage of G8 […]

Codogno Leaves Bank of America

Lorenzo Codogno has left Bank of America in London where he was senior economist and co-head of European economics to take up the post of chief economist at the Italian Ministry of Economy and Finance in Rome. Codogno was responsible for the analysis and forecast of European economies, with a focus on the euro-area and […]

Commerzbank Corporates & Markets Hires Global Head of AIS

Commerzbank Corporates & Markets (CBCM) has appointed Mehraj Mattoo as its new global head of alternative investment strategies. He joins from Dresdner Kleinwort Wasserstein where he was managing director and the global head of the alternative investments group. Based in London, Mattoo will report to Willi Ufer, global head of markets at CBCM. Mattoo brings […]

Barclays Appoints FX Strategist for Asian Currencies

Barclays Capital (BarCap) has appointed Chia Woon Khien as director, Asian local market strategist, reporting to Rob Gvozden, head of strategy, Non-Japan Asia. She replaces Philip Nakajima, who will join BarCap’s Asian emerging markets hedge fund sales team Based in Singapore, Khien will be responsible for developing trading strategies for regional foreign exchange and interest […]

Union Bank of India to Implement Reuters Online FX Trading Platform

Union Bank of India, (UBI), one of India’s largest state-run banks, has selected the Reuters Electronic Trading for Automated Dealing (RET-AD) online foreign exchange trading portal to serve its corporate customers. The RET-AD system will be implemented by mid-2006, bank officials say, and will enable the bank’s customers to conduct FX and money market transactions […]