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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Reuters Releases Next Generation of Forwards Matching – Announces Partnership with Martin Brokers (UK) Plc

Reuters is about to start rolling out its next generation forward FX matching service, Reuters 3000 Forwards. Additionally, the trading and information systems vendor has partnered with Martin Brokers to provide an enhanced voice/electronic service. The implementation – part of the Dealing 3000 platform – will take place in a phased rollout from June to […]
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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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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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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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