The Battle for Liquidity: FXall Fights Back

With little said since its formation in June, the November announcement by FXall that it has selected its technology partners turns up the heat on the race to establish the FX industry’s premier e-marketspace. Using the technology developed by Bank of New York (BNY) and AVT Technologies as the foundation for its Internet-based FX trading […]
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Hotspot FX on Target for December Launch

  Hotspot FX, the planned ECN for the forex market, is on target to meet its December launch date, according to David Ogg, CEO. The online exchange will function as an auction market that automatically matches buy and sell orders, offering anonymous, commission-based FX trading to financial institutions, corporations, hedge funds, CTAs, asset managers and […]
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GFInet Plans Online FX Options Platform Following Fenics Acquisition

GFInet, the hybrid voice and online brokerage, has signed a letter of intent for a combined stock and cash acquisition of FX option analytics software provider Fenics Ltd. The acquisition (due for completion by year-end 2000) will lead to the Q1 release of a fully integrated online B2B platform for viewing, pricing and execution of […]
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HedgeWorld to Launch Online Supermarket

HedgeWorld.com will launch HedgeWorld FundSelect, the first online “supermarket” for hedge funds, in the first quarter 2001. The new product offers accredited investors a single destination designed to facilitate transactions in hedge fund products. The service will provide accredited investors and their intermediaries with a single point of access to a variety of selected domestic […]
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Goldman & Trema partner for position updating

Goldman Sachs has joined with Treasury management specialist Trema to enable automatic updating of trading positions in FX spot, forward and options in real time. The partners have developed a real time link between Goldman’s proprietary online WebET FX platform and Trema’s treasury, risk and asset management system Finance Kit via the company’s Web server […]
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Gain Adds Managed Account Programme

Gain Capital has launched a managed account programme to complement its Internet-based foreign exchange trading service. Gain has also added more currency pairs, as well as currency options to its platform. Glenn Stevens, GainCapital’s head of sales and trading, will be responsible for developing and implementing trading strategies and managing the traders who direct managed […]
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Atriax ‘ World’s Worst Kept Secret Revealed

The “worst-kept secret in the world”, the long-awaited announcement of Atriax, the online FX marketplace formed by 50 banks including four major shareholders ‘ Citibank, Chase Manhattan Bank, Deutsche Bank and Reuters ‘ finally hit the markets on 24 October after five months of speculation. Much as the bank-led EBS Partnership has transformed the interbank […]
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UBS Warburg Offers Clients of MKI an Integration Solution

UBS Warburg has partnered with Midas-Kapiti International (MKI) to provide the Fx2B service inside MKI’s Meridian Middleware and its connected front, middle, and back-office products. Clients of MKI will achieve seamless integration with UBS Warburg’s Fx2B, according to Guido Kurmann, executive director, business development, for UBS Warburg’s Treasury Products e-commerce area. “This enables our partners […]
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Cognotec Launches New API Service

Cognotec has launched a new Application Programming Interface (API) service called Cognotec AutoDeal Connect to automate the underlying FX transactions arising from real-time cross border trade and securities transactions. Albert Maasland, Cognotec’s global head of marketing, says the release uses the core foreign exchange version functionality of the browser-based services by integrating the API into […]
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State Street Launches “Quick-FX”

State Street has launched a new electronic FX trading feature, called Quick-FX, which complements its existing FX Connect service, the bank’s multi-bank electronic FX trading system designed for institutional investors. Quick-FX is targeted at mid-sized corporates and hedge fund managers that require a high-speed transaction capability for single, large spot or forward trades with multiple […]
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