Tech and data
GFI closes FX options mark-to-market gap
NEW YORK -- Solving the problem of marking FX options to market came a step closer to being resolved last week, with the launch of a new ‘revaluation fixing’ service from New York-based interdealer broker GFI.
Blix report boosts dollar
NEW YORK -- The US dollar rallied slightly in the wake of United Nations chief weapons inspector Hans Blix’s report on Iraq late last Friday.
BBH takes FX Index Link online
NEW YORK -- US custodian Brown Brothers Harriman (BBH) has put its FX Index Link trading service online.
DrKW platform adds spot gold
FRANKFURT -- Dresdner Kleinwort Wasserstein (DrKW) has gone live with non-physical spot gold trading on its online trading platform Piranha FX, the bank announced last week.
Tech briefs
Trayport launches Global View 8
Rabobank invests in Italy’s e-Mid
MILAN -- Dutch bank Rabobank has become the 43rd shareholder in Italy’s e-Mid, which provides electronic markets for treasury products, the firm said last week.
Analysts mull Iraq FX fallout
LONDON -- With geopolitical tensions continuing to dominate FX markets, analysts are now looking beyond any potential conflict at the possible fallout and its impact on currencies.
Attain uses COESfx to enter FX arena
NEW YORK -- US equities day-trading firm Attain Services has started trading forex, using a new online FX electronic communications network (ECN).
SuperDerivatives adds benchmarking tool
LONDON -- UK forex options pricing vendor SuperDerivatives last week announced the launch of a new buy-side interface for its benchmark FX options model. The firm hopes the move will encourage more buy-side users to price and use options to hedge their…
New Fimat platform targets exchange clients
PARIS -- Fimat Group, the brokerage arm of French investment bank SG, will launch an online FX dealing platform this week in a bid to snare clients from major futures exchanges.
JP Morgan signs 20th CLS client
NEW YORK -- JP Morgan Treasury Services announced last week that it has signed up the 20th client for its Continuous-Linked Settlement (CLS) service. Madrid-based Banco Popular Español now joins Israel’s Bank Leumi and Danish bank Sydbank as clients of…
Mystery vendor asks $29,000 for FX Connect domain name
LONDON -- The internet domain name FXconnect.com was briefly up for sale last week -- but confusion reigns over who may have bought it.
Tech briefs
New FXall interface
Intervention risk looms
LONDON -- As the US prepares to invade Iraq, FX dealers could soon be facing their own battle against central banks.
Merrill looks to new vendor
NEW YORK -- Merrill Lynch is seeking to install new bank-to-customer (B2C) forex trading technology, according to one source close to the bank. Although Merrill has not yet signed any agreements, the un-named source said Reuters-owned AVT Technologies is…
360T targets more price providers
FRANKFURT -- Multi-bank, multi-asset trading platform 360T expects to have 30 banks connected to its system by year-end, a senior official at the Frankfurt-based firm told FX Week .
Tech briefs
RBC takes Fenics
E-prime brokerage at DrKW
LONDON -- Dresdner Kleinwort Wasserstein’s e-FX prime brokerage service now offers full straight-through processing (STP) for its users, senior officials at the bank in London told FX Week .
Dollar routed again as war looms
NEW YORK -- The dollar was roundly routed last week as tensions between the US and Iraq were ratcheted up a notch.
Tech briefs
ADB adopts Summit
COESfx to go live in March
NEW YORK -- COESfx, an online FX electronic communications network (ECN) platform, will go live in March, Tim Kelly, president and chief executive officer of the firm told FX Week .
FX portal for SingTech
SINGAPORE -- Multinational conglomerate Singapore Technologies last week announced the launch of a multi-bank FX trading portal for its subsidiaries.
Reuters swaps plans won’t change Icor FX
NEW YORK -- Reuters’ recent agreement in principle to take control of its part-subsidiary Icor Brokerage’s interest rate swaps platform, will not be extended to forex, an Icor official told FX Week .
Euro wins as North Korea tensions rise
LONDON -- The euro was the biggest beneficiary in the currency markets as tensions in Asia increased over North Korea’s nuclear intention last week.