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UBS Warburg has launched several new initiatives as part of its e-business strategy, including a new business-to-business foreign exchange transaction platform ("Fx2B") and the spin-off of its Interchange chat service. Fx2BTM has an API (application interface) into the ...
Cognotec has launched a new version of its Internet-based FX/MM trading service, AutoDeal Direct, which enables smaller banks and financial institutions to outsource their market making while delivering an e-commerce service to their clients. Already, a number of banks ...
Chicago-based Northern Trust has launched a Web-based trading tool developed with Reuters to provide market data, news and analysis, as well as deal execution and back office productivity enhancements, called FX Passport, reports Phil Herndon, product manager. FX Passport was ...
Currenex, which became the first Internet-based B2B multibank FX exchange when it launched on 27 April, has made several senior hires from the professional marketplace. Currenex’s Web service, FXtrades, provides auction access for CFOs, corporate treasurers, investment fund managers ...
Reuters is about to start rolling out its next generation forward FX matching service, Reuters 3000 Forwards. Additionally, the trading and information systems vendor has partnered with Martin Brokers to provide an enhanced voice/electronic service. The implementation - part of ...
Wayne, Pennsylvania-based FNX Ltd has launched an Internet-based offering of its Sierra System deal capture, trading and risk management platform. The eSierra platform, which is built on BEA Systems’ WebLogic Enterprise Server, integrates with Sierra System to provide a real-time ...
Dresdner Kleinwort Benson (DrKB) has created its Online Markets business unit as a full and separate business unit, which will be headed by Achilles Macris, who joins the management board. Officials say the change in status reflects the increasing importance ...
Société Générale (SG) executed its first FX trade over a mobile phone using Wireless Application Protocol (WAP) technology during the Forex 2000 conference in Paris last month. SG has been working with Cognotec on the development of a ...
Six leading derivative dealers have teamed up to form a new venture called SwapsWire.com, a communications platform that will provide a network and standard trade protocol for online trading and negotiation of interest rate derivatives contracts. The six partner ...
State Street Bank and Trust has launched Fund Connect, the latest addition to its Global Link portal. Fund Connect is an online trading tool that provides access to a wide range of proprietary and third party money market and investment ...