Refco Adds Equities to e-Trading Platform

The Refco Group has expanded its online offering with the launch of Refco Direct Equities, an electronic platform designed to give clients direct market access to level two quotes and direct order routing through European and US exchanges. The new product sits alongside Refco Direct’s FX and futures trading platforms to offer clients full access […]
Read More »

Reuters & Icor Form JV Derivatives Broker

Reuters and ICor Brokerage, an online derivatives broker, have created a 50/50 joint venture, ICor Brokerage, to develop electronic brokerage services for the interbank FX options and interest rate derivatives markets. Reuters is initially contributing $10 million to the joint venture, and will host the ICor broking system on its Dealing 3000 interbank FX trading […]
Read More »

Atriax Adds Functionality

Atriax, the multi-contributor online FX portal, has announced additional functionality to its dealing system in the form of spreadsheet deal import, buy/sell dealing screens, and an integrated audible alert on the request for quote (RFQ) feature. The spreadsheet deal import facility, which was due to be rolled out in July, enables users to prepare single […]
Read More »

FpML Update

FpML.org has published Financial products Markup Language (FpML) Version 2.0 as a working draft and is seeking comments from interested parties before issuing a last call working draft. Copies of the working draft can be obtained via www.fpml.org/spec/index.html. Any comments on the working draft are requested at www.fpml-issues@yahoogroups.comby Friday, 9 November. Brian Lynn, co-chair of […]
Read More »

Functionality & Liquidity: Winner Takes All

With the respective May and June launches of FXall and Atriax, the market is now able to begin weighing up these competitors and compare their functionality. While many clients appear to be waiting for the dust to settle, or to get their systems and documentation up to speed, market participants believe the real battle has […]
Read More »

Taipei Bank Goes Live with E-Trading System from FNX

Taipei Bank has gone live with the Sierra Treasury system from Pennsylvania-based FNX. The bank is using the Web-enabled version of Sierra to support multiple trading locations and a diverse range of products, including FX spot/forward, FX options, money markets, fixed income securities, repos, interest rate swaps, cross currency swaps and FRAs. All branches of […]
Read More »

AusMarkets Enters Portall Fray

An Australasian multi-product, multidealer portal for FX and money markets is being developed by the four major Australian banks – dubbed AusMarkets. The four shareholders include ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac. The portal is likely to initially go live with money market instruments (including cash deposits, bills and commercial paper), […]
Read More »

Centradia, SwapsWiire & EBS Due for Q3 Launches

Centradia, the planned e-marketplace for treasury and capital markets, is due for launch by the end of the quarter, sources say. Also slated for Q3 releases are SwapsWire, the communications platform for online trading and negotiation of interest rate derivatives contracts, as well as a new suite of products from EBS – including the new […]
Read More »

DrKW Adds Exchange-Traded Derivatives to Ops/Tracker Online Service

Dresdner Kleinwort Wasserstein (DrKW) has extended its Ops/Tracker online service to cover exchange-traded derivatives. Ops/Tracker, which provides bank clients with direct access to DrKW’s core settlement processing engines, was previously restricted to cash equity and fixed income products. The bank has also upgraded the system’s user interface and added new functionality that allows clients to […]
Read More »

State Street Introduces Japanese Global Link

State Street is to introduce a Japanese-language version of Global Link, its e-finance network for global investment managers. The corporation says the Japanese offering will further extend what it describes as its five year lead in the institutional e-finance space and to meet the rapidly evolving needs of investors in Japan. “Japan’s sophisticated investors are […]
Read More »