Reuters has paid $41 million for Application Networks, a risk management software specialist.Application Networks, based in London and Palo Alto, California, produces the JRisk derivatives trading platform. JRisk, used by several investment banks including JP Morgan, Societe Generale and UBS, provides trade analysis, processing and documentation for forex, credit, equity, interest rate and hybrid derivatives.
It will be rolled into Reuters' trade and risk management group, which provides trading and risk management software to traders, risk chiefs and operations managers. The JRisk software will be combined with Reuters' existing Kondor + deal capturing and pricing system.
More on Technology
Markup language could reduce high levels of operational risk
Sponsored feature: Northern Trust
Off-the-shelf energy trading and risk management (ETRM) systems are more popular than ever before, according to Energy Risk’s annual software survey. However, companies say they still require sig...
Structured Products Technology Rankings 2014
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.