IBJ London Licenses Storm For Forex Market And Credit Risk Management

Industrial Bank of Japan's London branch is enhancing its foreign exchange trading systems infrastructure by implementing the Storm risk management system developed by New York-based IDS, previously known as Intelcom Data Systems.

The Storm system is being used to provide real-time, on-line credit line monitoring, to generate risk management analytics and to provide straight-through transaction processing and support for the branch's forex group.

The site license covers 30 foreign exchange

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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