Cognotec Looks to Widen Geographical, Product Spread

Cognotec has been boosted by a strategic investment of $14.5 million from both FinVentures, the private equity arm of Standard Chartered Bank, which is providing two-thirds, and the balance from existing investors. As a result of the transaction, FinVentures will become a minority shareholder and join Cognotec’s board. The cash injection follows similar deals in […]
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Two Implementations, Support Deal for Trema

Financial software provider Trema Group is to have the Trema Finance Kit implemented at two new clients, the European Investment Bank (EIB) and Discovery Capital Management, and has also teamed up with technology conglomerate HP for software, hardware, architecture, back up and contingency support. The EIB is to use Finance Kit to manage all its […]
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ABN Amro and CCB Implement Mint and Quantum

ABN Amro Futures and Co-operative Central Bank of Cyprus (CCB) have each implemented SunGard Business Integration’s Mint and SunGard Treasury System’s Quantum, respectively. ABN Amro Futures has implemented the Mint system to automate cross operational end-to-end trade processing. The implementation augments the SunGard GMI suite which is already in place at ABN Amro Futures to […]
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ICY Software: A Different Approach to the Market

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 the introduction of a request for quote (RFQ) mechanism in conjunction with Dresdner Kleinwort Wasserstein […]
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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 waves that accompanied the closure of Atriax, indeed SunGard itself made a very low profile announcement […]
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Cognotec Unveils Fund Management Service and New Client

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 started to roll out AutoDeal Lite across its operations in London, New York, Chicago, Singapore and […]
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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 dealing desks in early June. The company says the new release is an upgraded and […]
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Instant Messaging: The Next Big Thing?

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 with our business partners to ensure maximum understanding and efficiency.” The salespeople assert, “Our back offices […]
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Currenex Launches FXtrades Fund, Adds Travelex

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 to be connected to their relationship banks in a highly secure environment. Fund managers can […]
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What’s the Next Move for the Portals? Currenex, FXall Said to be in Talks

In the wake of the closure of Atriax, much of the attention has predictably been focused on the surviving forex portals and their prospects going forward. Indeed a very short while after the Atriax closure was announced, rumours started to spread that FXall was in merger discussions with Currenex. As is to be expected, neither […]
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