| Company |
Announcement |
| International Securities Exchange |
The ISE announced it would list options on the Nasdaq-100 Index Tracking Stocks. Options represent ownership in the Nasdaq-100 Trust, a long-term unit investment trust established to accumulate and hold a portfolio of the equity securities that compose the Nasdaq-100 Index. |
| Reech Capital |
The consultant acquired Netquant, a French derivatives consultancy and ASP services company. Netquant, which will be renamed Reech Capital (France) SAS, will continue to develop consultancy services and will distribute Reech Capital products into French-speaking Europe. |
| FNX |
The derivatives and risk management vendor announced a strategic technology alliance with Tarantella Inc. to deliver FNX's Sierra ASP product—a fully outsourced, end-to-end trading solution—on Tarantella Enterprise 3 web-enabling software. The system is designed for global implementation across multi-site, multi-entity treasury operations. |
| SunGard |
SunGard announced that Amicus Corp, the newly created Internet banking division of Canadian Imperial Bank of Commerce, has licensed a suite of BancWare products to manage interest rate risk and to derive market values across its balance sheet and investment portfolio. |
| SciComp |
The firm has been issued a U.S. patent for its SciFinance software synthesis technology for solving systems of partial differential equations for pricing complex financial derivative products. The technology transforms high-level problem descriptions into executable source code. |
| FEA |
FEA has released @ENERGY 2.0, which allows clients to construct a forward curve and use it as an input to value and analyze highly complex energy portfolio strategies. |
| Pat Systems |
The firm has announced it will offer direct access to traded derivative products on the Singapore Exchange. |
| Atriax |
The electronic FX marketplace will launch multi-asset-class trading before the end of the year. The expanded product line will include trading on spot FX, forward FX, swaps and vanilla currency options, as well as money markets and short-term deposits. |
| CBOE |
The options exchange is scheduled to launch CBOEdirect, its screen-based trading system, in June. The system will allow users to trade equity index options before normal trading hours. |
| Goldman Sachs |
The investment bank has added on-line exotic FX options in five currency pairs to its WebET Internet trading system. The bank will add more currency pairs in exotic FX options in the future. |
| ICor Brokerage |
The electronic interdealer-broker has received a significant cash injection from the alternative investment fund unit of U.S. insurance broker Arthur J. Gallagher. |
| Cognotec |
The ASP has sold its AutoDeal LITE service to Bank of Tokyo-Mitsubishi, which is using it to build its on-line foreign exchange dealing capacity. The company plans to offer on-line FX dealing services to its clients via Tokyo, London and New York, starting in the second quarter. |
| Garban Intercapital, Prebon Yamane and Tullett & Tokyo Liberty |
The three firms announced plans for a straight-through processing system for currency trading called Direct Deal Notification. The initiative is designed to boost market share in spot FX. |
| ATSM |
The company will change its name to Ubitrade and will rename its core products. The firm's Ubix product will become Ubitrade Futures and Options, while Tradix will become Ubitrade Capital Markets. |