Tech and data
FNX licenses derivatives analytics
Philadelphia – Treasury management system vendor FNX is adding to the derivatives analytics on its Sierra platform with models from US banking software vendor Suite.
Hotspot adds market makers
NEW JERSEY – Hotspot FXi has added six banks to its institutional trading marketplace to act as market makers and prime brokers. BNP Paribas, HSBC, HVB Group, Société Générale (SG) and WestLB are now all live on the platform providing streamed prices to…
SuperDerivatives a hit in Greece
ATHENS – SuperDerivatives is making headway in Greece, with four new customers for its forex options pricing system SD-FX over recent months, the firm said last week.
RBS migrates FXstream to Caplin
LONDON – The Royal Bank of Scotland (RBS) has started using technology from UK vendor Caplin Systems to bring real-time connectivity to its internet-based forex trading platform FXstream.
FXall adds Japanese bank
TOKYO – Multi-bank portal FXall is continuing to expand its Japanese client base with the addition of Mitsubishi Trust and Banking Corporation (MTBC) to the platform early next quarter. Misubishi Trust, the largest trust bank in Japan, is the second…
GNI adds to spot platform
LONDON – UK broker GNI, a division of alternative investment provider Man Group, goes live today (June 28) with two more currency pairs on its online platform GNI Touch's spot FX trading module.
Twist targets corporates with new payments standards
LONDON – Twist, the treasury standards organisation, is releasing new payments standards resulting from collaboration between a number of banks, corporates and standard authorities.
HSBC adds real-time flow data to auto-trader
LONDON – HSBC is piloting a new version of its FX auto-trading system to combat pricing and liquidity issues in online trading, a senior official told FX Week .
Citigroup doubles e-FX volume in first half
LONDON – Citigroup has almost doubled its e-FX trading volume during the first half of this year, a senior official told FX Week .
EBS trading soars on volatility
LONDON – Spot broker EBS reported the fourth busiest trading day in its 11-year history last Wednesday (June 9), as the market reacted to a Federal Reserve statement hinting at aggressive rate hikes.
Icap to add trading to i-Swap
LONDON – Faster-than-expected advances in electronic derivatives trading have prompted inter-dealer broker Icap to step up plans to launch its own electronic swaps trading platform.
Reuters sees sales turnaround
LONDON – Reuters chief executive Tom Glocer last week announced the first positive month for sales since May 2001. Speaking at an investor's conference in London, Glocer said sales of the vendor's data and technology products in May 2004 exceeded…
FX Cross sees record trading volumes
LONDON – Citigroup and institutional broker Instinet said last week that record volumes are going through their joint forex matching service.
Consortium tackles broker STP
LONDON – A handful of prominent banks and brokers known as the Trader Notification Service (TNS) Consortium has launched a platform that automates trade notification between its members.
Front integrates dt Compass, Arena
STOCKHOLM – Front Capital Systems, the Swedish subsidiary of SunGard, is working with four clients to integrate the recently purchased dt Compass FX options system from Derivatech into its Front Arena trading system.
HSBC wins BMo CLS contract
MONTREAL – Bank of Montreal (BMo) has selected HSBC as its settlement member for the continuous-linked settlement (CLS) service. The deal will bring HSBC another 200,000 FX transactions a year to settle on the New York-based settlement service on behalf…
JP Morgan joins white-label race with Cognotec
NEW YORK – JP Morgan is launching a white-label FX trading platform for its financial institutions clients, using software from vendor Cognotec. The multi-product multi-language service enables the US bank's clients to provide a 24-hour FX service to…
SuperDerivatives storms Singapore
SINGAPORE – SuperDerivatives has signed 10 new contracts in Singapore for its FX option pricing system SD-FX since the beginning of this year.
Long-term solution for dollar/rupee liability
With the Indian rupee rising and a low federal funds rate, Amit Bansal, head of treasury at Barclays Capital in Mumbai, proposes a solution for a corporate to take advantage of the inverted swap points