FNX Launches eSierra for Web-Based STP

Wayne, Pennsylvania-based FNX Ltd has launched an Internet-based offering of its Sierra System deal capture, trading and risk management platform. The eSierra platform, which is built on BEA Systems’ WebLogic Enterprise Server, integrates with Sierra System to provide a real-time interface between old and new technologies. Developed in partnership with BEA, eSierra delivers Web-enabled deal […]
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CSFBNext: Already Blazing Trails

CSFBNext, the new institutional e-business initiative launched by Credit Suisse First Boston (CSFB), is part of the bank’s strategy to help its clients manage change, says Philip Vasan, head of CSFBNext. This involves taking a “whole-firm” approach to e-commerce, he says, with CSFB offering its customers a range of electronic services ‘ e-trading, research and […]
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ANZ Launches Web-Based FX Service

ANZ Investment Bank launched its new Internet-based FX trading service, anz.com FX Online, in London and Europe on 11 May. The service, which was developed in partnership with Reuters/Tibco, provides corporate and institutional clients with online access for spot, forwards and swaps trading, according to Chris Cooper, ANZ’s global head of FX, who is based […]
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Four Banks Team Up with Fenics in Online Options Venture

Four international banks have teamed up with Fenics Software to provide the first multi-dealer currency derivatives platform to target the end user community. Bank of America, Credit Suisse First Boston (CSFB), Société Générale and UBS Warburg will provide options pricing, volatilities and analysis via a new Internet-based service that promises to improve price transparency and […]
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JP Morgan Launches SwapsLab for Corporate Clients

JP Morgan has launched SwapsLab, the latest addition to its stable of online derivatives offerings. SwapsLab is a Web-based risk management service for corporate clients that provides JP Morgan’s clients with 24-hour access to information on the derivatives market. “SwapsLab is part of a series of global, Web-based initiatives across our derivatives business designed to […]
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UBS Warburg Expands E-Business Strategy

UBS Warburg has launched several new initiatives as part of its e-business strategy, including a new business-to-business foreign exchange transaction platform (“Fx2B”) and the spin-off of its Interchange chat service. Fx2BTM has an API (application interface) into the price broadcast and deal capture capabilities of UBS Warburg’s global treasury products division. It provides real-time pricing […]
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Cognotec Details AutoDeal Direct

Cognotec has launched a new version of its Internet-based FX/MM trading service, AutoDeal Direct, which enables smaller banks and financial institutions to outsource their market making while delivering an e-commerce service to their clients. Already, a number of banks in Asia, Europe and North America have decided to the service to their existing e-commerce offerings. […]
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Northern Trust Partners with Reuters in Web Initiative

Chicago-based Northern Trust has launched a Web-based trading tool developed with Reuters to provide market data, news and analysis, as well as deal execution and back office productivity enhancements, called FX Passport, reports Phil Herndon, product manager. FX Passport was initially rolled out to the bank’s clients in the US in May 1999, and is […]
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Currenex: The Next Generation of FX Trading?

Currenex, which became the first Internet-based B2B multibank FX exchange when it launched on 27 April, has made several senior hires from the professional marketplace. Currenex’s Web service, FXtrades, provides auction access for CFOs, corporate treasurers, investment fund managers and agencies. The FXtrades service is a Web-based global currency exchange that supports FX spot, forwards […]
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Dresdner Names Macris Head of Online Markets Initiative

Dresdner Kleinwort Benson (DrKB) has created its Online Markets business unit as a full and separate business unit, which will be headed by Achilles Macris, who joins the management board. Officials say the change in status reflects the increasing importance of electronic commerce to DrKB’s future. Macris will maintain his responsibilities as global head of […]
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