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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SG and Cognotec Team Up in WAP Initiative

Société Générale (SG) executed its first FX trade over a mobile phone using Wireless Application Protocol (WAP) technology during the Forex 2000 conference in Paris last month. SG has been working with Cognotec on the development of a remote FX dealing service. WAP is the emerging global standard for the delivery of wireless information services […]
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SwapsWire Venture Formed by Six Leading Derivatives Shops

Six leading derivative dealers have teamed up to form a new venture called SwapsWire.com, a communications platform that will provide a network and standard trade protocol for online trading and negotiation of interest rate derivatives contracts. The six partner banks, Chase Manhattan Bank, CitiGroup, Deutsche Bank, JP Morgan, Morgan Stanley Dean Witter and UBS Warburg […]
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State Street Launches Online Trading Tool

State Street Bank and Trust has launched Fund Connect, the latest addition to its Global Link portal. Fund Connect is an online trading tool that provides access to a wide range of proprietary and third party money market and investment funds. FX Connect, which was launched in August 1996, was the first asset class to […]
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BBH Begins Web-Based Trading

New York-based Brown Brothers Harriman (BBH), the 182-year-old private bank, is due to begin Web-based FX trading, FX Worldview, using Cognotec’s AutoDeal LITE product for internal client trading on 8 May, followed by a wider rollout to global investors. “We are global custodians, so we are trying to develop Web-based products for cross border investors […]
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Cognotec Launches AutoDeal Direct at Forex 2000

Cognotec is launching the latest incarnation of its Internet-based FX autodealing service, AutoDeal Direct, at this month’s Forex 2000, ACI’s World Congress in Paris. Spearheading the marketing drive is Debbie Fuller, who was recently appointed as director, Global Business Development, and Don Lloyd, who just joined the company to head the product marketing in the […]
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GFI Net Prepares for Launch

GFI Group’s e-commerce platform, GFI Net, has recently completed a $27 million round of financing and is now in the process of launching a range of online exchanges, online auction, and data and analytics publishing platforms for derivatives, emerging markets, energy and telecommunications, reports Michael Gooch, chairman and CEO of GFI Group and GFI Net […]
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Infinity Releases Range of Internet-Based Services

Infinity, a SunGard Company, announced a new range of Internet-based trading, risk management and processing services. The new Web products include TreasuryTrader, theKnowledgeFactory and DerivativeCenter.com. TreasuryTrader is an Internet-based FX and money market transaction and information service that allows financial institutions to provide their clients and branches with end to end transaction data, “one to […]
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Citi Deutsche & Warburg Dillon Read to Launch Volbroker.com for Currency Options

Citibank, Deutsche Bank and Warburg Dillon Read, a division of UBS AG, have teamed up to launch a separate company, Volbroker.com, an Internet-based interdealer broker for the currency options market. Volbroker.com will provide market participants with online execution, pricing tools, value analysis and middle office functionality. The service will be rolled out over the course […]
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Bank of New York Plans iFX Manager Enhancements

The Bank of New York (BNY) is planning several enhancements to its Internet-based FX service, iFX Manager, this Spring. The bank plans to begin adding electronic counterparties as part of the multibank feature of the service, and will release a new post-trade S.W.I.F.T. messaging capability to improve post-trade notification. BNY launched iFX Manager in the […]
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