CFOWeb.com Network Goes Live Signaling 'New Day' in Capital Markets.Business & Technology Editors NEW YORK--(BUSINESS WIRE)--June 27, 2000 First neutral B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. capital markets portal expands network to 2,500 finance executives and eight banks and financial services providers CFOWeb.com today became the first independent capital markets portal to provide live pricing and trading of multiple non-exchange-traded financial products, including foreign exchange and interest rate derivatives. The move gives financial professionals at companies of all sizes immediate access to the news, research, analysis and portfolio management required to participate efficiently in capital markets trading. In addition, several providers have recently joined CFOWeb.com, further expanding the offerings to members, while realizing multiple provider benefits. Recent additions include: Dresdner Kleinwort Dresdner Kleinwort (DKIB) is the investment bank of Dresdner Bank AG, part of Allianz since July 2001. Headquartered in London and Frankfurt and with an international network including offices in the financial centres of New York and Tokyo, Dresdner Kleinwort provides a wide range Benson; ING Barings; and Bank of Tokyo-Mitsubishi, which join CFOWeb.com's inaugural providers: ABN Amro ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) ; AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group International; BNP Paribas BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. ; Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. ; and Standard Chartered. "This is a new day in capital markets," said Harpal Sandhu, Integral's chief executive officer. CFOWeb.com is the principal venture of Integral, which is based in Mountain View, CA. "For the first time, corporate treasurers and fund managers have free access to a wider range of prices for products to finance operations The execution of the joint finance mission to provide financial advice and guidance, support of the procurement process, providing pay support, and providing disbursing support.See also financial management. and manage risk in their businesses around the world." The CFOWeb.com portal provides a full spectrum of services and information to help users address the increasing complexity of their financial portfolios, satisfy risk management reporting requirements, and reduce costs of capital markets financial transactions. With the commencement of live pricing, members can model and price financial trades from multiple financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. providers including foreign exchange (spot/forward), foreign exchange options, interest rate swaps Interest Rate Swap A deal between banks or companies where borrowers switch floating-rate loans for fixed rate loans in another country. These can be either the same or different currencies. , currency swaps, interest rate caps/floors, forward rate agreements, and loans and deposits. Of CFOWeb.com's more than 2,500 members, some 35 percent are based outside the U.S. in Europe, Japan and the Far East. U.S. members represent about 20 percent of the Fortune 250 list of largest companies. "This makes clear the power and potential of CFOWeb.com in facilitating global e-commerce in capital markets on a true 24-hour basis," Mr. Sandhu said. "Banks, meanwhile, are using CFOWeb.com to augment proprietary e-commerce systems or to rapidly implement an e-commerce platform without the often prohibitive cost and delays of building their own," Mr. Sandhu noted. An end-to-end solution for risk managers "CFOWeb.com is an end-to-end, single source solution that responds directly to member needs," notes Integral's Bill Clark, Vice President - Worldwide Sales and Marketing and Business Development. "We've established a strictly neutral trading platform supported by powerful analytics, real-time market data and the kind of information sources essential to the creation and management of portfolios tailored to a company's individual requirements." The Association of Financial Professionals (AFP (1) (AppleTalk Filing Protocol) The file sharing protocol used in an AppleTalk network. In order for non-Apple networks to access data in an AppleShare server, their protocols must translate into the AFP language. See file sharing protocol. ), a 13,000 member group and strategic partner of CFOWeb.com, last year surveyed its members to find that more than 50 percent will use the Internet as a one-stop source of financial services from multiple providers in a secure, exchange-like environment centered on a portal such as CFOWeb.com. About CFOWeb.com ---------------- Developed by Integral, CFOWeb.com (www.cfoweb.com) is the first independent B2B e-commerce portal serving the capital markets needs of corporate treasury groups and fund managers with a free, direct and neutral source of information to model and price financial trades from multiple financial services providers. Also to create, manage and maintain portfolios that more closely match institutional financial management needs and conduct a wide range of capital markets trades online. The CFOWeb.com portal offers direct access to latest news, market data and educational services for corporate treasury and fund management operations. CFOWeb.com also gives banks and financial services providers an immediate online presence, dramatically increased deal flow, reduced costs and expanded geographic reach. About Integral Integral Development Corp. is a leading provider of business-to-business e-commerce solutions for capital markets, including CFOWeb.com (www.cfoweb.com), the first e-commerce portal for capital markets. Founded in 1993, Integral is privately held and has a history of developing capital markets trading and risk management software. Investors include Accel Partners, AIG (NYSE NYSE See: New York Stock Exchange : AIG), ABN Amro (NYSE: ABN), Bain Capital, Nassau Capital and Pivotal Asset Management. Headquarters are in Mountain View, California For the census-designated place, see Mountain View, Contra Costa County, California. For other places called "Mountain View", see . Mountain View is a city in Santa Clara County, in the U.S. state of California. The city gets its name from the views of the Santa Cruz Mountains. , with additional offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and London. For more information, visit the Integral web site at www.integral.com Note to Editors: Photos of Harpal Sandhu and Bill Clark are available at www.CFOWeb.com. |
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