Day: 30 July 2007

Reuters Shows Progress, Profits for First Half 2007

Reuters says that its first half trading profits were up by 36% and that it is making good progress in its merger with Thomson Corporation, which successfully bid to take over the company in May.   Overall revenues were £1.27bn ($2.6bn), an increase of 6.4% on an underlying basis – but down 0.7% on an […]

FX Solutions Hires Marketing Chief

Online foreign exchange brokerage FX Solutions has hired its first marketing chief; Brett Miller, formerly vice president and general manager at LVMH Internet subsidiary Sephora USA, is now chief marketing officer for the firm.   Robert Cortright, managing partner of FX Solutions, says: “In hiring Brett, FX Solutions is gaining a unique perspective that will […]

Oanda Offers Managers New Multi-Client Solution

Oanda, an Internet-based foreign exchange trading service, has introduced an automated trading interface that enables investment managers to easily manage multiple client trade execution and reporting.   Oanda FXManager supports full percentage allocation; an investment manager trades on automated currency trading system Oanda FXTrade using one aggregate account, then each order is automatically split across […]

Standard Chartered and Bolero JV for Corporate Solution

Bolero, provider of a standards-based open platform for trading, and Standard Chartered Bank have entered into a joint agreement that will allow the bank to provide its corporate customers with a multi-bank automation solution.   The Bolero multi-bank service automates the lifecycles of letters of credit and guarantee instruments, cutting the costs and latency normally […]

Socit Gnrale Integrates Swap Group

Société Générale Corporate & Investment Banking has created an integrated swap group to help grow its European flow rates business.   The swap group will combine the long term and short term swap teams to offer seamless market making and price distribution in interest rate and FX swaps in all currencies, as well as FX […]

CBOE Kicks Off New Credit Instruments

Just as the world’s investors are waking up to looming credit crises, and as credit default swaps volumes soar, the Chicago Board Options Exchange (CBOE) is about to launch three new credit contracts.   CBOE will list three Basket Credit Event Binary Options (Basket CEBOs) on Tuesday, July 31, pending approval from regulators.   Two […]

Bohai Bank Goes Live With Misys

China’s Bohai Bank has gone live with the Misys Opics Risk Plus IT solution to manage its market risk. The solution seeks to improve risk control in Bohai by enabling the bank to better manage cash flow analysis, interest rate sensitivity and risk value exposure on foreign exchange, money market, securities and derivatives transactions.  Liu […]

GFS Gets Trading License for Dubai

Online foreign exchange trading provider GFS Investments (Middle East) has been issued a license to open an office in the Dubai International Financial Centre (DIFC).   The company is itself regulated by the Commodity Futures Trading Commission (CFTC) and is a fully owned subsidiary of US-based GFS Forex and Futures. Its opening in the DIFC […]

EBS Adds GBP/CHF

ICAP continues to fill out spaces on its spot FX trading platform EBS, by adding the latest in a series of cross rate currency pairs. The introduction of GBP/CHF pair increases the total number of sterling currency pairs tradable on the platform to four after it introduced GBP/JPY trading earlier this month (Squawkbox, July 2). […]

Mitsubishi UFJ Signs up for Algorithmics’ Risk Solution

Algorithmics, a provider of software, analytics and an advisor on risk solutions has announced its agreement with four entities of Mitsubishi UFJ Financial Group which will enable them to access First, Algorithmics’ operational risk case studies solution.   First is a database of external operational risk data, containing case studies of loss events with a […]