IKB and Ritro Treasury Services Take Trema’s Finance Kit

IKB Deutsche Industriebank (IKB) and Ritro Treasury Services have become the first users of Trema Group’s latest version of Finance Kit, version 5.1. The company says that the new iteration, which is targeted at large and medium sized banks, offers improved management of call money and call accounts, and introduces asset/mortgage-backed securities. It provides links […]
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ICAP Automates FRA Matching on the Web

Interdealer broker ICAP’s Web-based forward rate agreement (FRA) matching system, FRA-Cross, launched at the end of January, and has so far completed nine runs averaging 150 trades per run. To date, 40 ICAP clients are signed up to cross euro positions and 36 are crossing sterling positions. The system enables traders of interest rate swaps […]
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Barclays Capital Extends Relationship With SFS

Following the joint development of an online trading facility in January 2001, Siemens Financial Services (SFS) has enhanced its internal trading capabilities using Barclays Capital’s FX Trader. James Kavanagh at Barclays Capital says the upgraded version of the existing platform allows SFS to risk manage its own trades directly or via the SFS central treasury. […]
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SuperDerivatives Adds Deal Capture Facility

Currency options pricing system SuperDerivatives has incorporated a deal capture function into its core pricing product. The company says this was done specifically at the request of customers in the wake of events at AllFirst Financial. David Gershon, CEO of SuperDerivatives, says, “The AllFirst experience has served as a pertinent reminder that errors, intentional or […]
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Currenex Rolls Out Order Management

Currenex has rolled out its fifth pricing mechanism on its site. An order management tool is now available to clients, which sits alongside the request for quote, exclusive quote, fast quote and streaming quote services that are already available. The Currenex offering differs from proprietary order management systems in place at institutions such as Morgan […]
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Macfutures Takes a 3D Perspective

London-based proprietary derivatives trading arcade, Macfutures, has implemented 4D Genie, a market visualisation tool from 4D Trading. According to the software house, Genie presents real time market data in a multi-dimensional, moving format and highlights data relationships, values and correlations in such a way that users are able to absorb and interpret the various data […]
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Icor Derivatives Trading Opens for Business

Following the announcement of their joint venture in September, Reuters and Icor have now rolled out their first service, Icor Brokerage FX Options, in Asia-Pacific. The service is carried on the Reuters Dealing 3000 platform, and will initially support the Australian dollar market. Jeff Larsen, CEO of Icor Brokerage, says that the company plans to […]
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EBS Launches First Internet Offering

Leading interbank electronic broker EBS launched its first product on the Internet in January. EBS Trader is a direct bid to bring competition to the direct dealing market that has up until now been dominated by Reuters. Interestingly the release of EBS Trader comes at the same time as Reuters launches its own Internet-based direct […]
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Goldman Sachs Moves into Prime Brokerage

At a time of increasing interest in prime brokerage services, Goldman Sachs has raised the bar by releasing its proprietary prime brokerage model online. The platform has been developed using the functionality of Goldman’s front and back office trade management and risk systems, which are used in all of the firm’s global offices. In line […]
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Reuters Unveils Dealing Link

Reuters has announced the rollout of its Internet direct dealing offering, Reuters Dealing Link (RDL), a product it hopes will find a new set of users, primarily among regional and less active institutions. RDL is due to be rolled out at the end of Q1, and is currently being tested with selected financial institutions. RDL […]
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