Technology
Front teams with NIWS to offer Arena in Japan
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…
Northern Trust selects Fitch Risk operational risk software
Northern Trust, a Chicago-based global custody and investment management group, has chosen Fitch Risk’s OpVar software suite and its data offerings, which manage quantitative and qualitative operational risk. The move comes at the expense of risk…
JP Morgan Chase launches Asian currency index
JP Morgan Chase and market data vendor Bloomberg have teamed up to launch a tradable index of currencies from Asian emerging markets.
Euronext.Liffe slashes prices for equity option trading
Euronext.Liffe, the European derivatives exchange, will cut its fees for trading equity options through its electronic trading platform, Liffe Connect, from November 1.
Calypso celebrates new business wins
credit tech
Structured systems
Technology
Algorithmics launches risk analytics software
technology news
GFI launches electronic CDS index trading in the US
GFI Group, the New York based inter-dealer brokerage, has launched its electronic credit default swap (CDS) trading system, Creditmatch, in the US.
Merrill Lynch to offer algorithmic engine to buy-side
Merrill Lynch is slated to join a growing array of major sell-side firms that will allow third-party access to their algorithmic trading engines.
EBRD selects S&P portfolio risk tool
The European Bank for Reconstruction and Development (EBRD) has chosen Standard & Poor’s (S&P) portfolio risk tracker (PRT) tool for its treasury operations. The move represents a blow to rivals Moody’s KMV and RiskMetrics, whose product, CreditManager,…
BoNY and Wilshire offer risk management services
The Bank of New York (BoNY) and California-based investment management and technology firm, Wilshire Associates, have formed a partnership to provide risk management services.
ABN Amro launches electronic CDS trading platform
ABN Amro, the Dutch banking group, has launched an auto-execution trading platform for the credit default swaps (CDS) market. The system will be available through Bloomberg terminals.
Agence France Trésor selects Ubitrade’s Tradix system
Agence France Trésor (AFT), the French debt and treasury management institution, has selected Ubitrade’s treasury management system, Tradix, after putting the contract out to tender in 2003.
BNP Paribas fund unit selects Riskdata
The London-based fund-of-hedge-fund manager, BNP Paribas Fauchier Partners (BNPFP) and its joint venture partner, Fauchier Partners, have selected Riskdata’s FOFiX risk management system for their fund portfolio.
DTCC expands matching and confirmation services
The Depository Trust and Clearing Corporation (DTCC) is to expand its matching and confirmation facility, dubbed Deriv/Serv, to include equity derivatives.
Kalahari launches fixed-income pricing system
Kalahari, which provides price discovery and analytic solutions to financial and energy trading firms, yesterday launched a real-time bond and asset swap portfolio pricing system.
Two go to Mark-it
credit tech
DTCC enhances CDS matching service
technology news
ProCapital to manage derivatives activity with Ubix
ProCapital, an electronic institutional equities and derivatives broker, has signed up to Ubitrade’s derivatives clearing and settlement system, Ubix.
Chinese banks automate to trade derivatives
Guangdong Development Bank (GDB), First Sino Bank (FSB) and the Bank of Shanghai (BOS) are installing systems by Reuters to comply with derivatives regulations introduced by the China Banking Regulatory Commission (CBRC) in March, said officials.
IDC to buy FutureSource for $18 million
Interactive Data Corporation is buying privately held futures, options and commodities data provider FutureSource in an $18 million cash deal.
Westpac buys new risk management software
Australian bank Westpac has licensed SunGard’s Credient, part of its Adaptiv credit risk infrastructure.
GFI launches electronic credit derivatives trading platform
Inter-dealer broker GFI has completed the first stage of its rollout of CreditMatch, its electronic trading platform for credit derivatives.
SuperDerivatives upgrades forex platform
Options pricing systems vendor SuperDerivatives has launched an upgrade of its SD-FX system, according to RiskNews’ sister publication, Dealing With Technology .