BNY Launches B2B Service- Extends iFX Manager

The Bank of New York (BNY) has launched a customised, real-time automated, business-to-business, FX trade execution service, iFX B2B. The bank has also released iFX Express, a streamlined version of its FX order management and execution system, iFX Manager. iFX B2B enables companies to provide their customers with real-time FX execution services and effect payment […]
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DerivaTech Unveils Exotic FX Options Pricing Methodology

DerivaTech Consulting, a New York-based FX options software specialist, has developed a new exotics valuation methodology that applies Monte Carlo simulation across entire volatility surfaces. Vendor officials describe the new technique as “groundbreaking” in terms of speed and accuracy. It is incorporated into the latest release of DerivaTech OTC, the company’s flagship product. Previous versions […]
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Cognotec Sets up Korean Venture in Partnership with Softbank Finance

Cognotec, the Dublin-based e-finance technology vendor, has announced a new joint venture aimed at promoting its Internet-based FX and money market trading solutions in the Republic of Korea. Cognotec has teamed up with Softbank Finance Corporation and Korea’s Posdata Company to launch Cognotec Korea. The move follows Cognotec’s recent expansion into Japan, which was also […]
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GFInet Gears Up to Launch Online FX Options Service

GFInet is preparing up to launch the first phase of its new FX options broking service this month. The broker will roll out software to all its customers that enables them to view live option prices on screen. Trade execution will still be performed over the telephone, say GFInet officials, though automated trading facilities will […]
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Reuters Prepares to Rollour version 4 of 3000 Xtra Desktop Information Service

Reuters is set to launch a new version of its 3000 Xtra “premium desktop service” this month. Enhancements in version 4 of the service include broader and deeper data coverage, new analytic capabilities, together with improved navigation and customization features. Reuters 3000 Xtra was first launched in late 1999 and brings together all its previous […]
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Reuters Annual Results Reveals Revenue Rise for Trading Systems Division

Reuters Trading Systems (RTS), the transactions and order routing technology subsidiary of Reuters, has “recovered well from the millennium slow-down”, according to the company’s annual results statement for the year ending 31 December 2000. RTS’s overall annual revenues rose 5% to £822 million; with Dealing 3000, Dealing 2000-2 and Automated Dealing System (formerly known as […]
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ICor Online Brokerage Set to Go Live With FX Options in Second Quarter

ICor Brokerage, the New York-based electronic derivatives broker, plans to debut its online trading platform in the second quarter of this year, according to officials. Tom Binks, head of ICor’s international operations, says the company is now in the final stages of testing and debugging its software. It is also negotiating with some 40 banks […]
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Brown Brothers Extends FX WorldView

Brown Brothers Harriman (BBH) has released an index product dubbed FX BenchmarkView, to match the Morgan Stanley Index rates. Additionally, the New York-based private bank is developing a Web-enabled version of its FX OrderView service, as another module available under FX WorldView. FX WorldView is the bank’s online service developed in conjunction with Cognotec. FX […]
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CME Starts Side by Side Trading

Chicago Mercantile Exchange Inc (CME) is continuing its technology strategy with two new initiatives. The first of these is the creation of a virtual private network (VPN) to allow access to the Globex2 trading platform via the Internet in the US. The second offering is electronic trading of its currency and cross-rate futures contracts, which […]
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Hotspot FX ECN Goes Live

A new ECN for the FX market has gone live with the launch of Hotspot FX on 22 February. The Internet-based platform was developed with backing from the ETF Group and billionaire currency trader Joe Lewis. “I am very excited about the future of Hotspot FX,” says Lewis. “The platform is extraordinarily user-friendly and its […]
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