FNX Launches Derivatives Modules on Sierra System

FNX has launched two additional derivatives modules to its Sierra System, which provides integrated trading, risk management and operational control across all asset classes. The derivatives and structured products add-ons were developed in conjunction with leading derivatives experts, Drs John Hull and Alan White. With the launch of this latest software, which complements its money […]
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MCM Signs Internet Tech Deal with Tibco

MCM has signed a deal with Tibco Finance Technology that enables it to simultaneously offer its currency, fixed income and equity services over Reuters, Bloomberg, Bridge/Telerate and Internet browers. MCM is now using Tibco’s TIBAuthor to publish more than 25,000 updates per day to its global client base. “TIBAuthor provides MCM a flexible platform that […]
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FMA-USA Holds Forum in Pittsburgh

The Financial Markets Association-USA held a board of directors meeting in Pittsburgh last month, which featured an economic panel discussion. Guest speakers scheduled for the event were Dr Charles Adams, assistant director for the international capital markets research department at the International Monetary Fund, as well as Dr Bernd Goos, director general of International and […]
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Deutsche’s Herron to Oversee Global FX in Bankers Merger

Having just received approval from US authorities to proceed with its acquisition of Bankers Trust in late May, Deutsche Bank has begun to appoint managers to oversee the combined group. Deutsche’s current global FX manager, Hal Herron, was named to the same post for the new unit, but the fate of Bankers’ global FX chief, […]
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Reuters DealWeb Teams With Subsidiary Tibco

Reuters DealWeb, the Internet-based corporate FX trading service that was introduced last summer, is in the midst of being combined with Tibco Finance’s TIBMercury FX autodealing and order routing service. The new product is now in customer tests, and customers will be migrated to the system over the coming months, says a Reuters official. The […]
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The Interbank Market is Dead-Is Customer Business Next?

The forex market is on the verge of a dramatic transformation-one that could mark the death of the interbank market as we know it-or so say some industry sources. The change would put customers on par with the banks, using the same electronic broking services that have nearly obliterated FX spot brokers and changed the […]
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Banks Reassess Their Commitment to Singapore

While some in Singapore say life is beginning to return to normal since the height of the Asian currencies crisis, with volumes picking up and confidence returning, others say that the recovery may not be robust enough for banks to justify keeping trading desks fully staffed. In the past, the off-shore funds business kept a […]
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Perréard Partners Investment Starts Trading in Geneva

Perréard Partners Investment (PPI), the new Geneva-based asset management firm started by Yves Perréard, began trading in May with CHF10 million under management. Perréard says he hopes to raise this amount to CHF100 million by the end of the year. Perréard, chairman of PPI, was previously the senior managing director in charge of the European […]
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Deutsche Transplants Barrett From Far East to Frankfurt

Alex Barrett, who ran Asia-Pacific regional FX sales for Deutsche Bank from Hong Kong, has relocated to the bank’s headquarters in Frankfurt. Barrett takes up a new position as head of FX sales for Germany. He will be using his derivatives background to enhance the local effort, says an official. Barrett now reports locally to […]
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DLJ Plans London Unit – Jury Leaves New York

Ken Gettinger, global FX manager for Donaldson, Lufkin & Jenrette, says now that the New York team has been operational for a year, he is close to announcing a new manager to build a London team. Separately, in New York, chief dealer Steve Jury has left the investment bank to pursue other interests, say sources. […]
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