CME Trading Volume Rises More than 19%

Trading volume on the Chicago Mercantile Exchange (CME) rose more than 19% in February, compared to a year ago. Volume in equity index products set a new all-time monthly record for the second consecutive month. Electronically traded volume on the CME’s GLOBEX2 system rose by 105%, totalling 2,183,862 for the month, while year-to-date volume of […]
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Swedbank Goes Live With Web-Based FX Service

Swedbank, one of the largest banking groups in Scandinavia, has gone live with AutoDeal LITE, the Internet-based FX dealing service from Cognotec. The bank was able to automate its foreign exchange trading in just four days, say officials. Swedbank has implemented AutoDeal LITE to facilitate foreign exchange trading between Swedbank Markets and the bank’s domestic […]
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HedgeWorld.com Launches ECN with Bermuda Stock Exchange

HedgeWorld Limited and the Bermuda Stock Exchange (BSX) announced the launch of The HedgeTrust Exchange (HTX), the first secure online trading facility for existing, non-US domiciled hedge funds available through a regulated exchange. HTX is exclusively available through HedgeWorld Limited’s companion Web site, www.hedgeworld.com. “HTX is a significant industry development because it provides liquidity for […]
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Daiwa Futures Selects Online FX System

Daiwa Futures, one of Japan’s largest futures commission merchants, has selected FNX’s Sierra System to provide an online FX, FX option, and international futures trading system. The move will allow the firm to deliver its trading service over the internet, supported by seamless STP for all traded products, including real time limit and margin checks. […]
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Oberbank Goes Live With Internet Trading

Oberbank of Linz, Austria, has gone live with Cognotec’s AutoDeal LITE service, making it Austria’s first bank to offer Internet-based FX trading. Oberbank was able to offer its own branded, Internet-based, FX trading service to its clients within five months of its first contact with Cognotec, according to officials. “We expect our clients to enjoy […]
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HSBC’s Birgitte Jespersen Lives & Breathes Volatility

Although the term “emerging markets” may still make some people wince at the memories of the 1997/1998 financial markets crises, Birgitte Jespersen, head of emerging markets for HSBC Bank plc and HSBC Bank USA in London and NY, believes that if you play your cards right, the rewards can be greater than the risks. “The […]
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Carter Leaves Lehman New York

Buddy Carter, global head of FX sales at Lehman Brothers in New York, has left the group. Global head of FX, Mark DeGennaro, is overseeing both trading and sales, confirms a spokesperson.
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Boulton Exits CSFB While Gellos Joins

Roddy Boulton, FX sales manager at Credit Suisse First Boston in New York, has left the bank to pursue other interests, officials confirm. No replacement has been named. Sources say he may be joining a “dot com”, although this could not be confirmed. Meanwhile, Stephen Gellos has joined CSFB’s New York FX sales desk, covering […]
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Goldman Hires Seknadje For London Sales Desk

Guy Seknadje has joined the FX sales desk of Goldman Sachs in London as a senior dealer, confirms Michael Burton, FX sales manager. Seknadje will focus on French accounts and asset managers across Europe, with some involvement in structuring. He reports directly to Patrick Bauné, FX sales manager, corporates. Seknadje was most recently with Commerzbank […]
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Crowe to Oversee RBS/NatWest Treasury

The Royal Bank of Scotland Group (RBS) has named Brian Crowe group treasurer and managing director, financial markets. In this capacity, Crowe will oversee the RBS Treasury and Capital Markets group, Greenwich NatWest in London and NatWest GFM. “In his new role, Brian will concentrate on growing the breadth and depth of financial markets’ activities […]
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