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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Caplin Introduces New Market Data Platform

Real time Web technology provider Caplin Systems has introduced a new market data platform. Based on the new Caplin Liberator and forthcoming Director software, the company says it addresses all the requirements for Web-delivered market data and improves on performance, control and security. “Over the past few years, the web has become a near universal […]
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Wall Street Systems Launches IRD Module

Wall Street Systems (WSS), a trading and risk systems vendor, was due to launch its new Interest Rate Derivatives (IRD) module at time of going to press. The company says the IRD module extends the functionality currently available on the its flagship Treasury Engine, specifically targeting the complex and evolving needs of the IRD user […]
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Syntegra’s New Turrets See First Installation

Syntegra has launched a new Internet Protocol (IP) ready turret range, the ITS pV405Hi and pV105Hi turrets (aka, dealerboards). The new turrets have a built-in hub that connects to the firm’s structured wiring, negating the need for an under-desk hub. This reduces the amount of cabling and simplifies administration in the trading room, keeping trading […]
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Atriax Closes after Failed Merger Talks

At time of going to press, it was announced that Atriax was ceasing operations after a “thorough review of market conditions, and having explored various strategic options”, including a merger with other platforms. A source at a shareholder bank of Atriax has confirmed to Profit & Loss that it was that company that made the […]
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IKB and Ritro Treasury Services Take Trema’s Finance Kit

IKB Deutsche Industriebank (IKB) and Ritro Treasury Services have become the first users of Trema Group’s latest version of Finance Kit, version 5.1. The company says that the new iteration, which is targeted at large and medium sized banks, offers improved management of call money and call accounts, and introduces asset/mortgage-backed securities. It provides links […]
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ICAP Automates FRA Matching on the Web

Interdealer broker ICAP’s Web-based forward rate agreement (FRA) matching system, FRA-Cross, launched at the end of January, and has so far completed nine runs averaging 150 trades per run. To date, 40 ICAP clients are signed up to cross euro positions and 36 are crossing sterling positions. The system enables traders of interest rate swaps […]
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