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.
The results of Risk ’s first-ever technology rankings – voted for byover 350 users of risk-based software products – show a highlycompetitive industry where firms must strive to stay abreast offinancial innovation. Clive Davidson reports
Morgan Stanley’s credit correlation model has been made available on Bloomberg today. The model can be used to price basket and single-tranche credit derivatives.
The move by UK investment bank Barclays Capital to offer live interest rate swaps prices via Bloomberg terminals is the catalyst that will drive the electronic trading of interest rate swaps, according to Icap chief executive Michael Spencer.
Axiom Global Partners, the New York-based inter-dealer brokerage, has launched its electronic credit default swap (CDS) broking platform in the London market.
Royal Bank of Scotland’s (RBS) London-based Financial Markets division has expanded its Bloomberg Electronic Trading offering by adding euro interest rate swaps.