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The Direct Deal Notification (DDN) network, the broker-owned electronic deal checking system, now has six bank customers and is essentially being relaunched in the New Year to a wider audience, says Michael Sheard, chairman of the Notification Company which is ...
CLS Services and IBM report a delay to the development schedule for the planned continuous-linked FX settlement system. The two groups, which are working together to form a new process for settling FX transactions through CLS Bank International, will shortly ...
Following the July release of its CitiFX Benchmark service, Citibank has announced the launch of its new CitiFX Interactive Web site, part of its e-commerce strategy. "As our clients experience increased and varied international exposure, a greater number are turning ...
Deutsche Bank has released a new Internet product offering called fxmarkets.com, which gives its clients access to its unique brand of research and analytics, volatility data and market commentary, among other services. "A lot of the content that was ...
Fenics has begun the first stage of a two-part rollout of Fenics 2000, a release which promises to make the lives of sales dealers much easier. Leveraging its unique number of installed users ‘ 95% of the professional interbank market ‘ the upgrade to ...
The National Australia Bank has (NAB) has enhanced its electronic FX Dealing service to enable historical rate rollovers (HRR) ‘ functions that are unique to the Australasian markets. With the existing system, NAB customers have been able to transact spot, forwards, ...
NatWest Global Financial Markets (GFM) last month released an Internet-based FX trading system to its clients, called natwestgfm.com. "This offering is designed to capture all NatWest GFM’s expertise," says Peter Nielsen, global head of sales and electronic distribution ...
Cognotec is moving ahead with plans to create a "Liquidity LinQ", which will help increase market liquidity between its customers. The company has appointed Steve Jury as its new liquidity management director, based in New York. "With AutoDealing, we have ...
Basking in the afterglow of the partnership announcement with the London Financial Futures and Options Exchange (Liffe), the Chicago Mercantile Exchange released a report last month detailing the efforts by its Strategic Planning Steering Committee. Electronic trading, increased credit risks, ...

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Who Owns Your Spreadsheet?

When a derivatives trader moves banks, what happens to his spreadsheet? Does the bank have someone spend several months trying to decipher it? Does the bank even have ownership rights or do they belong to the trader who built it (...