Cognotec Unveils AutoDeal+

Cognotec has unveiled AutoDeal+, an FX e-commerce suite of products, designed to “future proof” clients, according to officials. The new products provide further connectivity, an increased number of distribution channels, a next generation ASP and increased flexibility and scalability for clients. The project was conceived two years ago and was developed to keep pace with, […]
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Hotspot FX Partners with AIG to Offer Prime Brokerage

The move towards an online exchange for foreign exchange was given another boost with the announcement from Hotspot FX of an offering aimed at institutional clients involving prime brokerage. The standalone offering retains the functionality of the core Hotspot FX product, but has, says David Ogg, CEO and founder of Hotspot FX, “a different target […]
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Currenex Signals Start of Move to an Exchange

Currenex has raised the bar in the competition to provide multi-bank portal services with the announcement of the launch of EMA (Enhanced Market Access) at the end of 2001. The company has joined with ABN Amro, Barclays Capital, Lehman Brothers and Standard Chartered Bank to provide an electronic prime brokerage market for clients. Lori Mirek, […]
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Cognotec Upgrades AutoDeal Lite

Cognotec has announced upgrades to its AutoDeal Lite platform, and plans for a further release in November. The existing version 2.20, currently in use at approximately 70% of Cognotec’s clients, is being replaced by version 2.40, launched in May, and version 2.45, launched in August. Both versions, and Version 3.0, due to be rolled out […]
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Atriax Gets New COO; Launches AtriaxAdapt

Atriax has announced the appointment of David Allanson as chief operating officer with responsibility for the development and rollout of its dealing platforms and content, STP and MIS product streams. He replaces John Wareham who has left to take up a position at AIG International. Allanson was formerly head of global treasury at Tudor Capital […]
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e-Mid Goes Live on Reuters 3000

Reuters and e-Mid, the Italy-based European electronic organised market for treasury products, have followed the July announcement of their strategic alliance with news that the e-Mid deposits and e-Mider overnight index swaps (OIS) trading systems have gone live on the Reuters 3000 interbank trading system. The rollout has been accompanied by the launch of US […]
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FXall Strengthens its Hand

Standard Chartered Bank has become a new equity partner in online FX trading platform FXall, while the Royal Bank of Scotland (RBS) has increased its investment. The portal has also introduced Partner Channel, made a range of straight-through processing (STP) tools available, and connected to Radianznet, a global financial extranet created by Radianz. Commenting on […]
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BIS Preliminary Report Shows 19% Drop in FX Volumes

The Bank for International Settlements (BIS) has released the preliminary global data from the triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity, which was conducted in cooperation with 48 of the world’s central banks. The overall data confirms that volumes have dropped for the first time in the history of the survey; […]
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Standard Life’s MM Fund Offered on Global Link

State Street Corporation and Standard Life Investments, one of the world’s larger asset management companies with over $110 billion (£76 billion) of assets under management, will collaborate to offer Standard Life’s AAA-rated Money Market Fund over Fund Connect, a fund research and trade execution system on State Street’s proprietary e-finance network, Global Link. Fund Connect […]
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UBS Warburg Upgrades FX Option Platform

UBS Warburg has released an enhanced version of its FX options e-trading platform. Formerly known as I-Dealer, the latest version is named FX Option Trader (FXOT), and features what is believed to be the FX derivative market’s only true ‘click and deal’ system with breadth across both vanilla and exotic options. It provides clients with […]
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