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JP Morgan will later this month launch Cygnifi, an independent derivatives services company that will offer market and credit risk applications, independent valuations, portfolio stress testing, counterparty exposure simulations and collateral services to clients through Internet and other e-commerce vehicles. "...
Ahead of the release of its preliminary year-end statement last month, Reuters unveiled a range of initiatives designed to accelerate its use of Internet technologies, open new markets and migrate its core business to an Internet-based model. Reuters plans to ...
GAIN Capital, the new Internet-based currency trading service planned for launch later this month, has made three senior Wall Street hires for its management team. Glenn Stevens, formerly managing director, head of North American sales and trading at NatWest Global ...
Eighteen months after it was first previewed, Reuters has finally released Dealing 3000, the "next generation" of its Reuters Dealing products. The service has been rolled out to 70 different customer sites globally, and has 160 users signed up for installation and a ...
GAIN Capital is the latest entrant in the race to offer online FX trading services - but hopes to set itself apart by offering real-time, two-way prices on a 24-hour basis with a team of professional Wall Street traders making ...
Credit Suisse First Boston (CSFB) has released Prime Trade FX, another part of the Prime Trade suite of online products to be released globally to third party customers outside the CS Group of companies. Prime Trade originally launched as a ...
Warburg Dillon Read (WDR) has named Fabian Shey, a managing director based in London, as head of global e-commerce for the Treasury Products division. The first order of business for the dedicated e-commerce team is to examine new business processes ...
Investec Bank in South Africa has gone live with an extended version of Information Internet’s MarketMaker online FX trading technology. Six new money market instruments have been added to the MarketMaker service, including fixed loans and deposits, FRAs, overnight ...
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 ...
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 ...