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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 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, ...
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 ...
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 ...
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, ...

15:20 September 1st 1999 in News, Technology

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 (...
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 ...
Tim Boyle, formerly president of Tullett & Tokyo International in New York, has moved over to Tullett’s fully owned subsidiary, CastleNet. Boyle, who has served as chief executive for CastleNet since it was set up in 1995, will now be working ...

15:20 July 1st 1999 in News, Technology

Cognotec Shows its Hand

"We love the Internet. We’re betting the whole company on it," The ink has barely dried on Cognotec’s recently penned joint venture with the Japanese Internet investment company, Softbank, but Cognotec’s chairman, Brian Maccaba, says he’s ...
Information Internet claims it is ready to take on the big boys. Having created a niche for itself as the first trading software to enable real-time FX dealing over the Internet with its MarketMaker software, the company has recently opened ...