CLS Reports a Delay to its October 2000 Launch Plans

CLS Services and IBM report a delay to the development schedule for the planned continuous-linked FX settlement system. The two groups, which are working together to form a new process for settling FX transactions through CLS Bank International, will shortly produce a revised overall software development plan. A CLS spokesperson says the delay to the […]
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Citi Releases Interactive Web Site ‘ a Prelude to Internet-Based Trading

Following the July release of its CitiFX Benchmark service, Citibank has announced the launch of its new CitiFX Interactive Web site, part of its e-commerce strategy. “As our clients experience increased and varied international exposure, a greater number are turning to us for guidance and advice on the steps that must be taken before a […]
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Deutsche Leaps into the Internet Arena

Deutsche Bank has released a new Internet product offering called fxmarkets.com, which gives its clients access to its unique brand of research and analytics, volatility data and market commentary, among other services. “A lot of the content that was previously only available internally, is now being released to our customers, because the Internet eliminates the […]
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Fenics Takes the Stress Out of Executing Options

Fenics has begun the first stage of a two-part rollout of Fenics 2000, a release which promises to make the lives of sales dealers much easier. Leveraging its unique number of installed users ‘ 95% of the professional interbank market ‘ the upgrade to the new Web-based software will be given free to all up-to-date […]
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Historical Rate Rollovers Feature In NAB’s Online Dealing Service

The National Australia Bank has (NAB) has enhanced its electronic FX Dealing service to enable historical rate rollovers (HRR) ‘ functions that are unique to the Australasian markets. With the existing system, NAB customers have been able to transact spot, forwards, forwards with an optional delivery period and forward swaps, but the enhancements give customers […]
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NatWest is Latest Entrant To the Internet Race

NatWest Global Financial Markets (GFM) last month released an Internet-based FX trading system to its clients, called natwestgfm.com. “This offering is designed to capture all NatWest GFM’s expertise,” says Peter Nielsen, global head of sales and electronic distribution in London. The “thin client” system offers pre-trade, trade and post-trade functionality, including research, analytics, news, pricing, […]
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Cognotec Brings Liquidity to a Thirsty Market

Cognotec is moving ahead with plans to create a “Liquidity LinQ”, which will help increase market liquidity between its customers. The company has appointed Steve Jury as its new liquidity management director, based in New York. “With AutoDealing, we have successfully automated the FX dealing process between banks and their clients. The next challenge for […]
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CME Addresses its Future with a String of New Initiatives

Basking in the afterglow of the partnership announcement with the London Financial Futures and Options Exchange (Liffe), the Chicago Mercantile Exchange released a report last month detailing the efforts by its Strategic Planning Steering Committee. Electronic trading, increased credit risks, integration across markets and borders, as well as competition from overseas exchanges are among the […]
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Who Owns Your Spreadsheet?

When a derivatives trader moves banks, what happens to his spreadsheet? Does the bank have someone spend several months trying to decipher it? Does the bank even have ownership rights or do they belong to the trader who built it (say, it was constructed in his spare time)? These are some of the questions that […]
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Wall Street Systems Launches Internet-Based Front End

New York-based Wall Street Systems (WSS) has launched an Internet-based front end to its treasury transaction processing system. The new module, which launched at the Forex 99 conference in Milan in July, is currently in beta tests at two customer sites and should be available towards the end of Q4 or early 2000. Les Gosling, […]
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