Tech and data
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.
FIXing it for buy-side and sell-side firms
LONDON -- Buy-side and sell-side firms are increasingly adopting the Financial Information eXchange (FIX) messaging standard for FX, according to senior officials.
Tech briefs
Bank of Taiwan takes Citi for CLS
Technology briefs
Bundesbank completes STP for foreign currency reserves
October - Multi-bank evolution continues
Multi-bank evolution continues
Markets get off to a busy start
LONDON -- There was no rest for FX markets through the festive period and into 2003, as the euro hit a three-year high against the dollar before the greenback fought back to recover.
March - Atriax sunk by failed merger talks
Atriax sunk by failed merger talks