Compliance wins the race to drive IT security, with efforts concentrated less on tools and more on policy. By Protiviti's Greg Hedges and Claudia Gomez
The International Swaps and Derivatives Association is to collaborate with the Swift interbank network to allow messaging in the FpML derivatives markup language.
Interdealer broker GFI in New York has released a new version of its pricing and risk management software, incorporating a structuring and pricing tool for structured products.
UK electronic confirmation service SwapsWire has added confirmation of Japanese over-the-counter equity options to its product offering.
Standard Chartered has become the first bank to launch interest rate swaps on the Bloomberg electronic platform in five Asian currencies - Hong Kong dollars, Singapore dollars, Indian rupees, Taiwan dollars and Korean won.
German commercial bank West LB is to close its trading operations in London as it transfers more of its business to Düsseldorf. The decision to cut costs has already led to two senior departures at the bank.
Reuters has paid $41 million for Application Networks, a risk management software specialist.