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 […]
Read More »

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 […]
Read More »

Currenex Receives $16 Million Cash Injection

Online currency exchange, Currenex, has received $16 million in venture capital funding in the first closing of its second round financing led by Amerindo Investment Advisors, a leading technology investment firm. Also investing in this round are Barclays Capital, TH Lee.Putnam Internet Partners and WR Hambrecht & Co. Barclays Capital joined the Currenex network in […]
Read More »

Bank One Introduces New Online Services

Bank One has launched The One Net FX Trader, its Internet-based FX platform. FX Trader offers clients real-time execution and confirmations, a library of FX research and analytical tools, as well as a tool for revaluation of outstanding FX contracts at current market rates. Peter Mesrobian, global head of FX for Bank One, says the […]
Read More »

Volbroker.com: Bringing Down the Barriers

Last month’s launch of Volbroker.com, the new online marketplace for currency options, promises to bring down the barriers to entry in this specialist market. The joint venture company was set up by six partner banks ‘ Citibank, Deutsche Bank, Goldman Sachs, JP Morgan, Royal Bank of Scotland and UBS Warburg ‘ which began live trading […]
Read More »

Five European Banks Announce Alliance

The latest entrant in the race to offer clients access to multi-dealer platforms comes in the form of an e-marketplace that aims to address a broad array of needs in the capital and treasury markets for mid-market European corporates. The initiative is being developed by five European partner banks: Banco Santander Central Hispano (BSCH), Commerzbank, […]
Read More »

NAB Rolls Out Currency Options System

The National Australia Bank (NAB) is rolling out a new currency derivatives system, dubbed Horizon. The system went live in Australia in early July, and is now in the process of being implemented in the UK and New Zealand, followed by New York by year-end. Gary Dillon, NAB’s global head of currency options, says the […]
Read More »

Brown Brothers Harriman Launches FX WorldView

Following an internal client testing phase with 20 clients, Brown Brothers Harriman is preparing to launch its Internet-based FX trading system, FX WorldView, to its institutional client base this month. The release will mark the first time that a major custodial bank has used Cognotec’s AutoDeal Lite service to target the investment management community. BBH […]
Read More »

Reuters Makes Headway into Online FX Market

Not only did Reuters make front page headlines last month following news of its involvement with Chase, Citibank and Deutsche Bank, but it is also making headway into the online FX market since it merged its DealWeb product with Tibco’s TIBMercury FX to form FX Trade Management. Since the combination of the two systems in […]
Read More »

AIGI Partners with Bloomberg to Launch Online FX Service

On July 5, AIG International (AIGI) launched AIGFX, a new online FX trading service on Bloomberg. AIGFX, created by AIGI, a member company of American International Group, Inc, and Bloomberg LP, gives corporate clients, pension funds, asset managers and hedge funds the ability to trade FX spot and forwards on their Bloomberg terminal. Profit & […]
Read More »