Merrill Brings Rates and FX Together

Merrill Lynch recently amalgamated its global FX and global rates departments under co-heads Michael deSa and Barry Wittlin, each previously head of the respective divisions. According to a spokesperson for the bank, the move is intended to capture the synergies that exist between the two groups. Day to day responsibilities for deSa and Wittlin remain […]
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Rollauer Named New Citi Head of Compliance

Thomas Rollauer is to join Citigroup as director of global compliance, reporting to Michael Helfer, general counsel and corporate secretary. Rollauer will be responsible for global compliance for all Citigroup member companies. He joins from Deloitte & Touche, where he was the partner responsible for the firm’s bank regulatory consulting practice. Prior to this, Rollauer […]
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BofA Announces Mutual Fund Inquiry Team

Bank of America has confirmed the actions it will take as a result of its ongoing inquiry into mutual fund practices. Dale Frey, retired president and chairman of the General Electric Investment Corporation, will operate as a special advisor and lead an independent review of the company’s mutual fund policies and practices. Maureen Scannell Bateman, […]
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EBS Going Strong 10 Years On

It is a source of surprise to dealers of a certain vintage that EBS was only 10 years old in September; many believe it has been around forever. Without doubt, as we discuss in this month’s cover feature, EBS, along with Reuters Matching, has played a key role in the FX market’s evolution. Ten years […]
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Gain Gets Cash Injection

US-based Gain Capital has received an equity investment of $10 million at the completion of its most recent round of investment, money that it intends to use as a building block to create a global presence. The currency trading firm has also made a white label agreement with London Capital Group (LCG), a UK-based broker […]
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eSpeed Adds FX Support

Electronic dealing technology provider eSpeed has added FX to the range of products it supports. eSpeed FX, which has a consistent look and feel to its other offerings, provides real-time pricing in a range of FX products, including crosses, in Usd, Eur, Jpy, Gbp, Chf, Cad and Aud, with Scandies and Sgd due to be […]
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Five Central Bankers Buy Side to Address P&L FMA Conference in NYC

Following the outstanding success of the joint Profit & Loss/FMA-USA conference in Chicago, the organisers have joined with Financial Markets Association – Canada (FMAC) to present another conference, this time in New York City. The Future of Forex, a two day conference scheduled for New York on October 23-34 features five central bankers and a […]
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Danske Unicredit in New Installations

Danske Bank and UniCredit Banca Mobiliare have each gone live with Summit Systems’ Summit FT, which uses Web and thin client technologies. The system supports a range of fixed income, treasury, derivatives and commercial lending markets, including foreign exchange. Improving user productivity and speeding up transaction processing are among the main features the company cites, […]
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SEB: Eggs in Many Baskets

SEB Merchant Bank has had a busy couple of months in terms of electronic FX provision. As well as the agreement to provide liquidity to Forexster in September (see page 33), the bank has also made agreements with ICY Software, Nordic Financial Systems and EasyScreen. SEB sees itself as a global player with Nordic roots, […]
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Forexster: Evolving Traditional Relationships

The imminent arrival of a new FX execution platform is unlikely to generate too much hype, let alone support in the current climate, irrespective of whether we are seeing the green shoots of recovery or not. However, Bermuda-based Forexster has managed to generate something of a buzz about it, with SEB Merchant Banking announcing that […]
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