Technology
JP Morgan Chase to spend over $100 million on new credit risk system
The executive committee of JP Morgan Chase has “essentially approved” a budget in excess of $100 million to be spent on creating a new integrated credit risk management system, according to Dennis Oakley, a managing director in the firm’s credit…
Sumitomo Corporation installs FNX’s Sierra
Japan’s Sumitomo Corporation has installed FNX’s Sierra System to support its strategy of complete straight-through processing (STP) for its commodities, exchange-traded products and swap-trading operations.
Refco signs up as non-bank member to JP Morgan Chase’s CLS service
Refco Capital Markets has selected JP Morgan Chase as its provider of continuous-linked settlement (CLS) services.
SunGard to offer integrated energy risk system
SunGard Energy Systems, an operating group of Pennsylvania-based SunGard, plans to offer a single integrated suite of energy risk and trading systems called Entegrate.
Deutsche adds e-options
Deutsche Bank will go live with foreign exchange options on its autobahnFX trading platform in January, in response to client demand, a bank official told RiskNews ' sister publication FX Week .
Fame extends data coverage of North American gas and power markets
Data technology software provider Fame has added IntercontinentalExchange (Ice) North American gas and power indexes to its software products.
Luminary Capital Management goes live with FNX risk system
New York-based Luminary Capital Management, a global macro hedge fund, has gone live with technology provider FNX’s Sierra trade management system.
CLS impact 'neutral' for RTGS systems
The introduction of the continuous-linked settlement service (CLS) for foreign exchange has had little effect on flows and liquidity on real-time gross settlement systems (RTGS), according to the latest Bank of England (BoE) quarterly bulletin.
Getting it together
Data consolidation is now a vital foundation to any successful risk management implementation, as Dave Rose and Stuart Cook of The Structure Group report
Countdown to Basel II
Operational risk
BarCap launches online metals trading
Barclays Capital, the investment banking division of UK bank Barclays, has launched an online base and precious metals trading platform.
DrKW broadens its horizons
technology news
Set for growth
Comment
FNX adds real-time portfolio risk monitoring
Risk technology company FNX has added a real-time ‘treasury blotter’ to measure portfolio risk to its Sierra risk system.
Xenomorph adds pricing models to TimeScape
London-based Xenomorph has integrated pricing models for more than 150 asset classes into TimeScape, its four-month-old enterprise data management and analysis suite.
Mark-it signs up 16 credit derivatives houses
UK credit data company Mark-it Partners said today that it has signed up 16 of the largest credit derivatives houses to use its credit reference entity database, Red.
Isda and Fix join forces
The International Swaps and Derivatives Association and messaging service provider Fix Protocol have formed a joint working group to share information on the development of their respective FpML and Fix messaging standards.
Nissan Motor takes Reuters risk system
Japanese car manufacturer Nissan Motor has bought Reuters’ Kondor trade-processing risk and trade management product, Kondor+.
Kyte Group snaps up Ubitrade derivatives system
The Kyte Group, a London-based financial services group, has bought a futures and options back-office system from Ubitrade, a French trading and risk management software company.
Moody’s KMV upgrades portfolio management tool
San Francisco-based quantitative credit analytics firm, Moody’s KMV, a subsidiary of Moody's Corporation, has updated its portfolio manager tool. The upgrade will give portfolio and risk managers at banks, insurance companies and asset management firms…
PNC selects SunGard asset/liability tool
Pennsylvania-based PNC Financial Services Group (PNC) is set to implement SunGard Trading and Risk Management's BancWare Convergence product for asset/liability and balance-sheet management.
IBM rolls out SuperDerivatives for currency options
IBM has signed a multi-licence contract with London-based foreign exchange pricing company SuperDerivatives. The company will roll out the SuperDerivatives pricing system for currency options to the IT company's treasury team based in Armonk, New York.
Summit markets new porfolio product
New York-based transaction processing technology company, Summit Systems, has started to aggressively market its new portfolio processing product, Summit FT. The web-based product offers instant delivery of real-time information across a range of primary…
Derivatech wins first options risk software deal in China
Bank of China has licensed FX options software from US-based vendor Derivatech, in what marks the country’s first forex risk management software deal.