Trading systems
Outsmarting rogue traders
ELECTRONIC CURRENCY TRADING
Currenex launches FXtrades Fund
TECHNOLOGY NEWS
End-user rankings 2002
Survey
Primus lures in Swiss Re’s Schaumann plus other key staff
Hilmar Schaumann, a senior credit derivatives trader for Swiss Re in New York, has quit the firm to join Primus Financial Products, a wholesale provider of credit risk protection.
SunGard cites slow portal take-up as it closes multi-bank FX
Another chapter charting the rise and fall of multi-bank trading platforms was completed last week, with the closure of technology firm SunGard’s multi-bank foreign exchange portal.
New trading platform to open up market, says fund manager
TRADING PLATFORM | Move means Hedge funds benefit from extra liquidity
GNI takes Intellimatch processing system
TECHNOLOGY NEWS
SunGard-Guardian merger will create a global disaster recovery service
DISASTER RECOVERY
Job moves
QUOTE OF THE MONTH: - “The perception of government support may induce the counterparties of government-sponsored enterprises to apply less vigorously some of the risk controls that they apply to manage their over-the-counter derivatives exposures”…
JP Morgan Chase and Deutsche join Currenex as member banks
JP Morgan Chase and Deutsche Bank have joined Currenex, the electronic foreign exchange trading portal. Currenex said the additions will enhance liquidity on the FX trading platform, and the news follows from the collapse of rival Atriax earlier this…
Atriax fall stirs corporates into action
Online FX trading could be set to soar, according to industry officials, after the collapse of multi-bank platform Atriax removed some obstacles to client take-up. And its rival FXall looks set to benefit most from the surge in uptake, according to a…
Electronic platforms short circuit
E-trading
Senior exit heralds DrKW trouble?
People news
Playing catch-up
Technology
AIB’s Rusnak put false trades into SunGard’s Devon system
TECHNOLOGY NEWS
Banks seek to cut costs through customer self-service
TECHNOLOGY NEWS
Job moves
QUOTE OF THE MONTH: - “I have come to you with a problem – we need to outsource our balance-sheet funding” From an e-mail sent last year by John Rusnak to an unnamed counterparty, referring to his deep-in-the-money options trades, or ‘synthetic loans'.
Servicing the e-industry
Investing in IT infrastructure development is essential in today’s often fractured environment of rival software languages and specific trading needs. Clive Davidson discovers what is on offer to bring these disparate elements together
