Technology
Icap to add trading functions to i-Swap
Faster-than-expected advances in electronic derivatives trading have forced inter-dealer broker Icap to step up plans to launch its own electronic swaps trading platform.
Algo and Bloomberg release enhanced risk service
Toronto-based Algorithmics and Bloomberg released a new version of Algo Risk, a market and trading risk solution, at Algorithmics' annual user conference being held in Boston, Massachusetts this week.
Rolfe & Nolan sees profits rise following MBO
Rolfe & Nolan (R&N), a UK-based supplier of exchange-traded derivatives software, recorded its best-ever operating profit of £3.03 million ($5.49 million) for fiscal 2004, ended February 29.
Casino launches in warrants market
Credit tech
Wall Street’s new system
technology news
Algorithmics to add administration capabilities to credit risk tool
Toronto-based Algorithmics has created a new credit administration system, aimed at streamlining management of all operational aspects of the process, including credit approval collateralisation.
Top Singapore dealers sign up for SuperDerivatives’ SD-FX
Ten financial institutions in Singapore have signed up to SD-FX, the FX options pricing system of UK-based technology company SuperDerivatives.
Barclays Capital introduces electronic dollar interest rate swaps trading
Barclays Capital has enabled users of Bloomberg Professional to trade dollar interest rate swaps electronically via its automated real-time execution platform, Barx.
Bayer signs up for SunGard Adaptiv
Bayer, the German pharmaceuticals and chemicals company, has chosen Sungard’s Adaptiv trading and risk management product to support its commodity, foreign exchange and fixed-income trading operations.
CBOT makes protocol and ticker changes
The Chicago Board of Trade’s (CBOT) new quote vendor network (QVN) has prompted an overhaul of how the exchange distributes data from Dow Jones Indexes (DJI) as well as changes to CBOT’s ticker plant, reports RiskNews' sister publication, Inside Market…
Wall Street Systems launches new structured products software
New York-based software vendor Wall Street Systems has launched two new systems, one focusing on credit derivatives while the other handles structured products.
Banca Intesa consolidates credit derivatives systems
Banca Intesa has selected London-based Tamesis’ trading and risk management system for its credit derivatives operations.
BNP tap Etrali for floors in China
French trading communications technology maker Etrali has done a deal with BNP Paribas to deploy its hardware on trading floors in China, says Henri Vautheny, Etrali’s general manager for Asia, excluding Japan.
Thomson announces TradeWeb acquisition
Credit tech
Thomson announces TradeWeb acquisition
technology news
Energia selects SunGard's Entegrate ZaiNet
Energia, part of the Viridian Group, has selected SunGard's Entegrate ZaiNet to process and risk manage its physical and financial power and gas contracts.
Fitch formalises corporate governance’s impact on credit risk
Fitch Ratings has formalised and released its framework for reviewing corporate governance. The rating agency characterises governance’s impact on credit ratings as an important element in the assessment of a company’s credit quality.
BNP unit pushes STP for forex
BNP Paribas Securities Services is using CheckFree’s straight-through processing (STP) module to scale its processing services for foreign exchange transactions, reports Risknews’ sister publication, Trading Technology Week .
SunGard buys Derivatech
Front Capital Systems, the Swedish subsidiary of SunGard, has bought FX options software vendor Derivatech.
Alpha measures true transaction costs
Credit tech
Creditex unveils CDS index trading platform
Technology news
GEM and Systemwire to launch OTC derivatives trade matching system
London-based Systemwire has teamed up with New York-based Global Electronic Markets (GEM) to develop a new software platform for automated trade matching and rule-based trade validation, called FpML Mediator.
NAB to keep revised system
National Australia Bank (NAB) officials have no plans to replace their currency options trading platform in light of the recent $280 million (A$360 million) foreign exchange rogue trading scandal that has enveloped the bank over the last two months,…
UBS executes Bloomberg futures trades
UBS Investment Bank has become the exclusive executing broker for Bloomberg's Tradebook alternative trading system on the Chicago Board of Trade, Chicago Mercantile Exchange, Eurex and Euronext.liffe futures exchanges, reports Risknews’ sister…