Globex Takes Centre Stage at CME

The Chicago Mercantile Exchange (CME) began the year by making a number of moves that reflect the wider use of, and greater commitment to Globex, the exchange’s electronic trading platform. Separately, the exchange has bought Liquidity Direct Technology (LDT), expanded its interests in Australia, and announced plans to launch electronically traded futures contracts on the […]
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DKW Launches Macro Prime Brokerage Platform

Dresdner Kleinwort Wasserstein (DKW) extended the range of services that its prime brokerage platform offers to hedge fund clients with the launch of the Macro Prime Brokerage Platform at the end of last year. The system supports fund managersââ?¬• trading activities in equities, fixed income, FX and credit in both cash and derivative products ââ?¬’ […]
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EBS Problem Knocks On

Traders using the EBS Spot matching service over the Christmas and New Year period reported technical disruptions, when some prices are said to have frozen. The problem apparently occurred during the changeover period between centres, concerning both North America and Asia, and Asia and Europe. Although an EBS spokesperson acknowledges there were “disruptions in the […]
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Two Join Putnam Lovell

Putnam Lovell NBF Securities has appointed Evan DiPaolo and Nicole Biernat as part of an expansion of its Alternative Investments Group. Both directors, they joined in January with responsibility for marketing risk and position transparency services, fund administration, and for raising capital for hedge fund managers. They report to Daniel Kochav, New York-based managing director, […]
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ODL Securities Moves into FX

Derivatives and equity trading house ODL Securities announces a cash injection to enable the company to expand its offering into foreign exchange and spread betting. The injection, which will increase ODL’s reserves by approximately 5 million, subject to approval by the Financial Services Authority, comes from two new appointments to its management team, Graham Wellesley […]
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SG Continues Restructure

SG Corporate & Investment Banking (SG CIB) has appointed De Doan Tran as global head of financial institutions, while Bruno Lebre has become head of hedge fund relations, a new role. Doan Tran has been with SG CIB since 1984, holding a number of roles including head of the client management unit for the debt […]
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NAB Details and Ramifications

Further details have emerged about costs to National Australia Bank of the recent rogue FX options trade which led to the suspension of four dealers in Melbourne and London. The bank initially announced itself down Aud 185 million when details of the scandal first came to public attention (Squawkbox, January 19), although the markets were […]
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SEB Boosts UK Sales

Toby Johnson has joined and Helen Thomas will join SEB Merchant Bank in London-based FX sales roles, the bank confirms, both reporting to Chris Millar, head of institutional sales. Johnson joins from AIG, where he held a similar role. Thomas, moves from Merrill Lynch on March 1, will be joining the UK sales team, which […]
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Courtney Joins HSBC

Contrary to reports in last week’s Squawkbox, Jim Courtney has joined HSBC not Barclays Capital. He joins as a cable trader from SG CIB where he traded cable and euro/sterling. Based in London, he reports to Rob Loewy, managing director and head of foreign exchange within the Corporate, Investment Banking and Markets division, and Mark […]
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Homuth Joins eSpeed

Mark Homuth has left Currenex to join eSpeed, the e-trading subsidiary of Cantor Fitzgerald which is currently making a push into foreign exchange. Homuth joins eSpeed’s Chicago operation, the organisation confirms, as a vice president of sales, reporting to Danny Lavecchia, New York-based executive managing director and director of US options. Homuth was previously a […]
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