BNP Paribas has launched an electronic trading platform for structured products, aimed at increasing secondary market liquidity across different asset classes.
Creditex, Markit and seven credit derivatives dealers today launched 'tradeable credit fixings' in what the backers hailed as a "milestone" in the development of the credit derivatives market.
Automated trade confirmations account for around one-third of all credit derivatives transactions and 20% of plain vanilla swaps trades, according to the International Swaps and Derivatives Association (Isda).
The Monetary Authority of Singapore (MAS) has given Icap the go-ahead to offer its BrokerTec and Garban trading platforms in Singapore. The UK-based inter-dealer broker announced yesterday that the Singaporean watchdog has designated the platforms as...
Prompted by increased trading volumes and regulation, Bear Stearns is currently in the final stages of testing a data management system for use in its risk reporting.
Goldman Sachs has followed in Barclays Capital’s footsteps by launching an electronic trading platform on Bloomberg for interest rate derivatives.
Scrittura, the New York-based technology firm specialising in document automation, has introduced WordML to its product range. The addition is aimed at speeding up the trade settlement process and reducing operational risk in documentation drafting.
Barclays Capital has launched Barx, its online single-dealer interest rate swaps trading platform, in the Asia-Pacific. The electronic platform will enable the region’s investors to trade US dollar and yen interest rate swaps through their Bloomberg...
Stockholm-based technology firm TriOptima has opened a New York office and hired Susan Hinko as managing director of TriOptima North America.
Competition in dealer-client electronic euro swaps trading is heating up with the launch of two new 'request-for-quote' (RFQ) multi-dealer interest rates swaps platforms in quick succession.
TriOptima, a Swedish technology firm specialising in tear-ups of unwanted over-the-counter swaps from counterparties’ portfolios, has teamed up with Markit to use its reference entity database (Red).
TriOptima, the Stockholm-based financial technology firm specialising in an over-the-counter swap 'tear-up' service, has extended its capabilities to oil swaps.
Wachovia is implementing the AC Plus data management system from Dutch vendor Asset Control within its corporate investment bank to improve risk management.
Ubitrade, the Paris-based provider of derivatives trading technology acquired by GL Trade in the first quarter of 2004, has released RiskUbix, a new margin risk management module.
HSBC has begun rolling out a web-based currency data charting application from UK vendor TraderMade to its corporate and investment clients. The application, called FX Charting, will support trading and hedging strategy decisions.
Fitch Group announced today that it is to acquire Algorithmics, a leader in enterprise risk management. The transaction, valued at $175 million, is expected to close in January 2005. The transaction is subject to customary regulatory approvals.