News
GFI delays new Asian services
New York-based inter-dealer broker and market data supplier, GFI, has delayed its plans to offer new local currency volatility services in the Asia-Pacific region, Risk’s sister publication Inside Market Data has learned.
WestLB goes live with SunGard's Credient
German bank WestLB has gone live with Credient, SunGard Trading & Risk Systems’ credit risk software package.
El Paso to cut debt by a third, while gas trader pleads guilty
US natural gas company El Paso – which has recently survived a bid toreplace its board and seen one of its tradersindicted – has unveiled aplan to significantly reduce its debt. By Joe Marsh
SGX plans to trade Trac-x linked futures
The Singapore Exchange (SGX) has signed a 'memorandum of understanding' with Dow Jones, signalling its intention to list Trac-x credit derivatives futures. SGX said the move was part of a plan to create a global market-place for credit derivatives…
Sponsor's article > Banks look for savings with ORM
Operational risk management (ORM) is now under the spotlight with banks realising that there are savings to be made, according to a recent survey by SunGard Trading and Risk Systems. SunGard also found that Basel II is a significant driver for ORM…
Sponsor's article > SunGard Enhances Basel II Offering with Acquisition of WhiteLight
SunGard Trading and Risk Systems, an operating group of SunGard (NYSE: SDS), and SymphonyRPM today announced that SunGard has acquired the WhiteLight Basel II solution and as a result, WhiteLight's SymphonyRPM development team.
CBOT lowers fees for European traders
The Chicago Board of Trade (CBOT), in an early effort to head off competition from Eurex, is to offer cheaper electronic access for European traders, the exchange announced.
BarCap adds sterling swaps to online interest rate swaps platform
Barclays Capital (BarCap) has added sterling swaps to its online interest rate swaps platform, Barx.
BOCI launches CLNs for retail investors in Hong Kong
Bank of China International (BOCI) has launched its first credit-linked investment product for Hong Kong’s retail investors.
US sets trend for high bonuses
Global commercial banks are expected to award bumper bonuses in the next three months, following a pattern set by the US investment banks in December, reports Risknews ' sister publication FX Week .
Fimat launches volatility fund index
Fimat Group, the brokerage arm of SG, has launched the Fimat Volatility Arbitrage Median (FVAM) to represent the performance of various funds following volatility arbitrage strategies, reports Risknews ' sister publication FX Week .
Taiwan launches government bond futures market
Taiwan has launched its government bond futures (GBF) market with the listing of 10-year government bond futures on the Taiwan Futures Exchange (Taifex) and the opening of the Bond Lending Centre of GreTai Securities Market, a non-profit organisation.
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