BNP Paribas and Credit Agricole Indosuez Sign Global Reuters 3000 Xtra Licences

Two major French financial institutions – BNP Paribas and Crédit Agricole Indosuez (CAI) – have signed up for global rollouts of Reuters 3000 Xtra, the data vendor’s flagship information and analytics service. BNP Paribas is taking some 3,500 accesses to support its business in 23 countries, including installations in Paris, London, New York, Zurich, Tokyo, […]
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Westpac Live with New Trading & Risk Management System

Westpac Banking Corp went live in the space of just 10 weeks with an FX derivatives trading and risk management platform from DerivaTech, a currency derivatives pricing, analytics and risk management solutions provider. The platform has been rolled out to the bank’s traders, salespeople and risk managers in Sydney, Wellington, New York and London. DerivaTech’s […]
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Cognotec in Margin Trading venture & White Labelling Initiative

Cognotec is collaborating with Financial Software Systems (FSS), developer of the Spectrum Treasury System, to develop an FX margin trading service in Asia. Separately, Cognotec has begun offering a white labelling product, based on its AutoDeal Direct service. Cognotec and FSS have developed a service, dubbed AutoDeal Lite-MarginTrac, that enables banks and brokerages to deliver […]
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Mutual Fund Technologies Appoints Milotte as MD

Mutual Fund Technologies Ltd (MFTL), which provides global fund administration systems to large cross-border financial services institutions, has appointed Robert Milotte as managing director. He brings more than 14 years experience with Fidelity Investments to his new role. He was most recently executive director of Fidelity’s Global Retail Customer Services group. “I am delighted to […]
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Currenex Boosts Web-based FX Service With Mulit-Bank Fast Quote Facility

Currenex, the online currency platform, has unveiled a new price request mechanism for its Fxtrades Web-based trading service. The new “multi-bank streamed quote” facility allows banks to dynamically update their quotes during an auction. Currenex hopes the new facility will help it steal a march over its bank-owned rivals, FXall and Atriax, both of which […]
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SunGard to Launch Online Treasury Trading Platform

SunGard is set to burst onto the online treasury portal scene with the launch of STN Treasury, a quote-driven electronic marketplace for foreign exchange, money markets and interest rate derivatives, sources say. The service is scheduled to go live over the next month and will be accessed primarily via SunGard customers’ existing systems, though other […]
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Will SunGard’s Aggregation Strategy Work?

By Anindya Bhattacharyya In many respects, the launch of STN Treasury is a natural extension of SunGard’s current business strategy. The vendor’s SunGard Transaction Network currently connects some 700 banks, 1,000 money managers, 1,500 insurers and 180 brokers, according to the vendor’s figures. The new element is that STN has hitherto been used for e-trading […]
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Reuters in New Releases

Reuters Treasury Solutions business has come a long way in a year. The group, which for some time has been largely quiet on the new product front, has been working behind the scenes to develop a suite of services covering areas such as money markets, fund managers and portal connectivity. It is also in the […]
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Atriax in the Starting Blocks

Atriax, the multi-contributor portal majority owned by Citibank, Deutsche Bank, JP Morgan Chase & Co and Reuters, has released its pricing structure and is due to begin live dealing between members of its buy-side advisory and sell-side bank boards. Full trading capabilities for the wider market are on schedule for launch in June. The initial […]
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…While Fxall Nears Full Launch

FXall, the rival multi-bank portal, has already moved into the demo trading phase and is due to introduce full live trading shortly, says Phil Weisberg, CEO of the New York-based company. FXall currently has 42 banks signed up to act as liquidity providers (eight of which are equity partners). Weisberg says FXall is in various […]
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