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.
GFI Group, the New York-based inter-dealer brokerage and software company, has made a deal with Swiss investment bank UBS, to link its currency options software with the bank’s screen-trading system.
Algorithmics, an enterprise risk management solutions specialist, and FRS, a global provider of regulatory and financial reporting solutions, have entered into an agreement to deliver regulatory reporting within the Algo Capital solution.
Icap has launched an electronic credit derivatives trading service via its BrokerTec platform, which typically handles Treasury bond and repo transactions.
Quasi-government US mortgage agency, Freddie Mac, has chosen Fitch Risk’s OpVar software suite to manage its operational risk.
Canadian software company Algorithmics has updated its operational risk management system to consolidate data capture for all regulatory information ranging from Basel II to Sarbanes-Oxley.
BNP Paribas has launched an online trading platform that will allow the French bank’s clients to trade structured credit-linked notes, equity and fixed-income hybrid notes, and corporate bonds.
Thomson TradeWeb will launch a multi-dealer interest rate swaps trading platform in Europe at the beginning of 2005, and has received the support of JP Morgan Chase - the bank that dominated Risk ’s inter-dealer swaps rankings in September
Front Capital Systems, an operating unit of SunGard, has begun marketing a localised version of Front Arena's treasury trading and back-office solution to regional banks in Japan through a distribution agreement with NIWS, a Tokyo-based business server...