Citibank Offers Outsourcing Over the Internet

In response to an increase in demand for global treasury services, Citibank has begun offering Agency Treasury Services (ATS), its outsourcing service, over the Internet. The move follows the recent decision by Coca Cola to outsource its treasury operation to Citibank and move its European head office from London to Athens. “We believe that this […]
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Currenex Improves Allocation & Settlement Functionality

Currenex, one of the first online FX portals to launch two years ago, has extended its offering with expanded settlement and allocation functionality. At the same time, the portal is continuing its campaign of linking to banks’ auto-pricing systems. The expanded allocation module enables corporates and funds to specify either default or customisable percentages for […]
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Hotspot Grows User Base

Although the headlines in the multibank online trading space have been grabbed by the demise of Atriax, and to a lesser extent, SunGard’s STN Treasury, as a whole the industry seems to have been making steady progress. One such example is Hotspot FXi, a system that founder and cheif executive officer Dave Ogg says targets […]
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UBS Sees Continuing Strength In Online Adoption Rates

Anecdotal evidence across the market suggests that finally, after many false dawns, client adoption of online trading is growing strongly across both single and multibank platforms. UBS Warburg, as an award winning platform (Profit & Loss Digital FX Award for Best Platform, May 2002) remains at the forefront of the expansion into the e-world, and […]
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360T to Launch CP Trading

Multibank portal 360T has added yet another asset class to its platform. In addition to its FX, money market, vanilla options, interest rate swaps and FRA trading silos, the platform now supports commercial paper (CP) trading. The new module is in the final stages of testing before a live rollout at the end of Q3, […]
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HSBC Enhances Web Offering

HSBC has enhanced its online offering as part of its move to release its Web-based services in HTML format as well as Java. The bank has also added money market trading to its platform, upgraded its research database, and provided streaming market data for its clients. Web security has also been reinforced, and is something […]
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FXall Looks Ahead With Confidence

Atriax has come and gone, and attracted many headlines along the way, both positive and negative. During much of this period, especially since Atriax closed, its main rival, FXall, has kept a relatively low profile. It has, however, quietly been releasing enhancements to its system, bringing new buy and sell side clients on stream and […]
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Currenex Raises the Stakes

At a time when functionality and not liquidity is a key issue in the buy side’s choice of a portal, Currenex has thrown down the gauntlet to its competitors by launching its money market loans and deposits module. This product launch leaves FXall as the only FX portal supporting a single asset class. At the […]
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Syntegra Gets Renewals After Post-9/11 Efforts

Standard Chartered Bank and CIBC World Markets (CIBC) have both implemented voice trading systems from Syntegra for their relocated dealing floors in New York. Both relocations were a result of the tragic events of September 11, and both banks suggest that Syntegra’s efforts immediately after those events played a part in their decision making process. […]
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CLS Conducts Live Tests, Launches Vendor Programme

After several false dawns, (and amidst huge sighs of relief from the financial community) the Continuous Linked Settlement (CLS) system has taken possibly its largest step yet towards existence. CLS Bank has completed the first stage of end-to-end live trials, something it terms, “a significant milestone” in preparations to offer the service. Another indication of […]
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