Month: April 2007

CME Reports Record Earnings for Q1

The Chicago Mercantile Exchange reported a 32% rise in total revenues to a record $332 million; and a 42% increase in net income to a record $130 million for first-quarter 2007 compared with first quarter 2006. The exchange’s diluted earnings per share rose 41% to a record $3.69 from $2.61.   First quarter volumes also […]

Commerzbank Deploys Aleri for FX

Commerzbank Corporates and Markets (CBCM) has deployed the Aleri Streaming Platform as the basis of its new foreign exchange pricing application.   CBCM’s FX pricer platform analyses real-time information and applies proprietary tick by tick validation logic and data cleansing algorithms.   The pricing engine uses Aleri functions as well as auditing all data and […]

Withers Joins CSAM

Credit Suisse Asset Management (CSAM) has hired Gary Withers as vice chairman and head of asset management for EMEA. He assumes the role from Mark Burgess, who has resigned to pursue another opportunity.   Withers was previously chief executive of Norwich Union Life, the life insurance arm of the UK‘s largest insurance company and a […]

Actant Adds FX to Aqtor

Actant, provider of automated quote management solutions for market makers and liquidity providers on electronic exchanges, has added functionality to its Aqtor quote management solution.   Aqtor can now be used in foreign exchange trading for the Chicago Mercantile Exchange and the International Securities Exchange.   It added other new functionality to control automation in […]

TwoFour Appoints New Divisional CEO

TwoFour Holdings, which has recently renamed its wholly-owned consulting business from F-O-R Software to TwoFour Consulting, has formally announced the hire of Jeffrey Wu as CEO of the division.   Steven Davis, chairman of TwoFour Holdings, says, “Attracting an experienced global leader like Jeffrey demonstrates the strength of our organisation and our increasing momentum. Adding […]

Shake Up Likely in Citi e-Comm as Srivastava Exits

After more than nine years with the firm, Vikas Srivastava, global head of e-commerce fixed income at Citi has left, the bank confirms. Srivastava who oversaw the evolution of Citi’s e-FX and e-fixed income operations from its Chief Dealer FX trading platform to the recently released FI Trader, is moving back to California.   Sources […]

Merrill Reorganises Currency Business

Merrill Lynch has restructured its currency business within its FICC group with the creation of a global currencies group. The new group brings together Merrill’s local currency and G20 trading groups under the co-leadership of Karan Madan, currently head of global local currency trading and head of foreign exchange for the Americas at the bank, […]

Icap Changes in Asia as Collins Retires

Inter-dealer broker Icap confirms that Bruce Collins, managing director for Icap in Asia Pacific, is retiring with George MacDonald adding the Asia Pacific beat to his existing responsibilities for the UK and Europe. MacDonald will share his time between London and Hong Kong, reflecting his new responsibilities.   Announcing the move to staff in a […]

BofA Loses Strategist

Bank of America has seen the departure of one of its senior strategists last week with the departure of Dwfor Evans, who was senior emerging markets currency strategist at the bank. BofA confirms Evans has left, his destination is not known, however it is believed to be in the currency strategist arena.

Central Bankers Head ACI Congress Program

Canada is prepared to welcome delegates to the 46th ACI World Congress from May 3-5, where a key theme will be “convergence” and the role that rapidly growing economies are playing in shaping the global financial markets.   Delegates from the foreign exchange and money markets – representing hundreds of banks and financial institutions in […]