Cognotec Completes Fxall Interface; Standard Chartered Joins Liquidity Linq

Cognotec has completed work on its FXall interface, Cognotec Fxall Connect, which will be available as an optional module for connecting clients to the planned online FX platform. The interface connects banks already using the Cognotec AutoDeal Lite service to the FXall electronic marketplace. For banks not already using Cognotec’s autodealing service, the module is […]
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Battle Heats Up Between Rival Online FX Portals

As the respective launch dates for rival online FX portals FXall and Atriax near, both consortiums have added liquidity providers and enhanced their initial offerings. In addition to these two platforms, State Street has added another liquidity provider and Currenex has further enhanced its offering. FXall has named its senior management – Phil Weisberg, acting […]
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Bloomberg Signs 31 Banks to FX Go

Bloomberg is making headway with its version of the multibank FX platform – FX Go – which now has upwards of 31 banks live on the system since its first release last June. The service links participating banks with clients using the Bloomberg Professional Service, which can be accessed over a secure private network or […]
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FMS in Expansion Initiatives

Financial Market Solutions (FMS), the financial software company formerly known as Kinvara, has signed a letter of intent with Mitsui to support the launch of FMS’s business operations in Japan. The company has also joined the Financial Services Partner Program established by Microsoft Company Limited, the Japanese subsidiary of Microsoft Corporation. Mitsui says it will […]
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The Battle for Liquidity: FXall Fights Back

With little said since its formation in June, the November announcement by FXall that it has selected its technology partners turns up the heat on the race to establish the FX industry’s premier e-marketspace. Using the technology developed by Bank of New York (BNY) and AVT Technologies as the foundation for its Internet-based FX trading […]
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Hotspot FX on Target for December Launch

  Hotspot FX, the planned ECN for the forex market, is on target to meet its December launch date, according to David Ogg, CEO. The online exchange will function as an auction market that automatically matches buy and sell orders, offering anonymous, commission-based FX trading to financial institutions, corporations, hedge funds, CTAs, asset managers and […]
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GFInet Plans Online FX Options Platform Following Fenics Acquisition

GFInet, the hybrid voice and online brokerage, has signed a letter of intent for a combined stock and cash acquisition of FX option analytics software provider Fenics Ltd. The acquisition (due for completion by year-end 2000) will lead to the Q1 release of a fully integrated online B2B platform for viewing, pricing and execution of […]
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HedgeWorld to Launch Online Supermarket

HedgeWorld.com will launch HedgeWorld FundSelect, the first online “supermarket” for hedge funds, in the first quarter 2001. The new product offers accredited investors a single destination designed to facilitate transactions in hedge fund products. The service will provide accredited investors and their intermediaries with a single point of access to a variety of selected domestic […]
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Goldman & Trema partner for position updating

Goldman Sachs has joined with Treasury management specialist Trema to enable automatic updating of trading positions in FX spot, forward and options in real time. The partners have developed a real time link between Goldman’s proprietary online WebET FX platform and Trema’s treasury, risk and asset management system Finance Kit via the company’s Web server […]
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Gain Adds Managed Account Programme

Gain Capital has launched a managed account programme to complement its Internet-based foreign exchange trading service. Gain has also added more currency pairs, as well as currency options to its platform. Glenn Stevens, GainCapital’s head of sales and trading, will be responsible for developing and implementing trading strategies and managing the traders who direct managed […]
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