Tech and data
360T lures JPMC’s Mohr
FRANKFURT -- German FX technology firm 360T has hired Andrea Mohr from JP Morgan Chase in London to spearhead its sales effort.
Deutsche adds to e-FX
NEW YORK -- Deutsche Bank plans to add FX options, futures and exchange-for-physical contracts to its FX electronic trading and order management platform, autobahnFX, by the third quarter.
BarCap lures top dealers
LONDON -- Barclays Capital is in the midst of an aggressive recruitment campaign in London and New York, targeting staff at the world’s top investment banks.
Rumours hit jumpy FX markets
LONDON -- FX markets starved of certainty saw some price movement last week, mostly on the back of unconfirmed rumours regarding the war in Iraq.
CBA takes SunGard’s eGT
SYDNEY -- Commonwealth Bank of Australia (CBA) has gone live with SunGard Trading Systems/Front’s eGlobalTrader (eGT), a browser-based dealer distribution system, for front-office deal capture in FX and money markets.
Refco signs up Future Dynamics
CHICAGO -- US broker Refco has signed up derivatives software firm Future Dynamics to develop customised clearing products for its clients globally.
FXall opens office in Singapore
SINAGPORE -- Multi-bank FX trading portal FXall has opened an office in Singapore, the firm said last week.
ACM grows FX volumes
GENEVA -- Online FX trading firm AC Markets (ACM) traded over $8 billion in February, despite only launching in November last year, a senior official at the firm told FX Week .
Merrill extends SuperDerivatives use
LONDON -- Merrill Lynch has renewed its licence to use SuperDerivatives’ currency options pricing system, SuperDerivatives said last week.
Bank One considers electronic FX options
CHICAGO -- Following its recent purchase of Integral’s MarginMan system, and an expansion of its foreign exchange trading group, Bank One is set to make more foreign exchange trading technology decisions soon, officials said.
Tullett launches global Swapmarker
LONDON -- Tullett Financial Information, a subsidiary of brokerage firm Tullett, last week released a global version of Swapmarker, its capital markets data product.
Real-life problems, innovative solutions
Options for euro-sceptics
Bush war stance sinks dollar
NEW YORK -- The US dollar slid to a four-year low against the euro last week, as US president George Bush’s stance over Iraq continued to harden.
Tech briefs
4Cast adds search facilities
Vol surge expected from east Europe
WARSAW -- Political events in countries slated to join the European Union and the euro are set to trigger a wave of FX volatility in emerging European countries, market participants told FX Week .
Third-party CLS business comes under the spotlight in New York this week
NEW YORK -- The CLS (Continuous Linked Settlement) Group hosts a seminar in New York this Wednesday (March 12) to offer information on linking up third parties to its new forex settlement service.
RBS FiXes benchmarks with EBS
LONDON -- The Royal Bank of Scotland (RBS) has gone live with a new benchmark engine for spot and forwards FX rates, called RBSFiX.
CMS Forex launches e-FX platform
NEW YORK -- New York-based broker Capital Market Services Forex (CMS) aims to add 1,000 retail FX clients in the next six months with a new online spot FX trading platform.
MMS relaunches technical pages
LONDON -- FX and fixed-income research and analysis firm MMS International is re-launching its FX Technical Pages.
Asian forex still untapped
SINAGPORE -- Five years on from the Asian financial crisis, FX trading opportunities in the region remain largely untapped, market participants told FX Week .
Rand reverses 2001 downtrend
JOHANNESBURG -- Interest rate yields, gold prices and a budget announcement powered the South African rand to a 20-month high against the dollar last week.
GCI adds online clients and volumes
BELIZE -- Online broker GCI Financial has added institutional FX customers to its mainly retail client base, a senior official at the firm in Belize told FX Week .
SuperDerivatives adds Koram Bank
LONDON -- FX options pricing vendor SuperDerivatives has added Koram Bank of South Korea to its growing client list, the firm said last week.