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Electronic foreign exchange trading system FXpress has released a sixth iteration of its Foreign Exchange by FXpress product, introduced Commodities by FXpress, a commodities exposure management module, and added straight-through processing (STP) capabilities with Currenex and FXall. The system now ...
Westdeutsche Landesbank Girozentrale (WestLB) has subscribed to Citibank’s CLS Settlement Services, provided by the latter’s unit, Citibank e-Business, for foreign exchange settlement. Citibank says that the service is the first dedicated mechanism that enables financial institutions to utilise ...
After several false dawns, (and amidst huge sighs of relief from the financial community) the Continuous Linked Settlement (CLS) system has taken possibly its largest step yet towards existence. CLS Bank has completed the first stage of end-to-end live trials, ...

in News, Technology

SunGard Closes STN Treasury

The latest development in the online multibank FX industry has been another closure. STN Treasury, SunGard’s trading platform, is to close after failing to break into the market to any great degree. The closure is unlikely to create the ...
Paris-based ICY Software has added a structured deposit suite to its ICYfx and ICYfxnet currency options systems. The new offering enables users to construct structured deposits based on the option strategy being analysed in the pricing page. The move follows ...
Currenex has unveiled FXtrades Fund, a new service designed specifically to meet the requirements of hedge funds, CTAs and asset managers. The company says that the new release automates these parties’ entire trading lifecycle and reporting processes, and enables them ...
Despite recent economic uncertainties and subsequent budget contractions, technology continues its steady advance. "Collaboration technology", say its proponents, is on the verge of becoming a key element in the industry’s drive towards T+1. The brochures proclaim, "We work closely ...

in News, Technology

GFI Launches Fenics 2002

Brokerage, software and data services provider GFI Group plans to release a new version of the company’s Fenics software. The version, Fenics FX 2002, was demonstrated at the ACI European Congress in Luxembourg, and was due to be released to ...
Cognotec has added to its product range by releasing a new Fund Manager module which is available on its AutoDeal+ platform. Separately, the company has announced its first adopter from outside the banking community. Broker/dealer Refco Capital Markets has ...
Syntegra has launched a new Internet Protocol (IP) ready turret range, the ITS pV405Hi and pV105Hi turrets (aka, dealerboards). The new turrets have a built-in hub that connects to the firm’s structured wiring, negating the need for ...