News
JP Morgan joins ISE via Actant
JP Morgan, the investment banking arm of JP Morgan Chase, has joined the International Securities Exchange (ISE) as a competing market maker, using the Actant Aqtor front-end platform for trade execution and risk strategies. JP Morgan will use Aqtor for…
Risk head Williams to lead Wachovia's corporate banking division
Doug Williams, a risk and capital markets veteran, has been made head of global corporate banking at US financial services group Wachovia. Based at the firm's Atlanta office, he will report to Steve Cummings and Barnes Hauptfuhrer, co-heads of Wachovia…
Swissrisk to offer portfolio risk management via PDAs
Swissrisk, a provider of internet-based interactive and integrated risk and portfolio management tools, has teamed up with IBM to provide access to sophisticated risk and portfolio management tools over mobile phones and personal digital assistants (PDAs…
OpenLink establishes Berlin office
OpenLink, a US-based financial and energy trading risk management solution provider, plans to set up an office in Berlin, in order to consolidate its eastern European client base and better serve central European clients.
RiskMetrics and S&P integrate credit products
New York-based risk management software and research firm RiskMetrics has teamed up with Standard & Poor's Risk Solutions, the credit risk arm of rating agency Standard & Poor’s (S&P), to integrate two of their credit risk products.
KWI and Sapient team to offer energy risk management
London-based energy trading and risk management systems provider KWI has teamed with technology consulting firm Sapient to jointly market their products to the energy industry.
Eastman Chemical signs to Kiodex Workbench
Eastman Chemical Company of the US plans to install new technology from Web-based risk management solutions for the commodity markets, Kiodex, to manage earnings exposure to energy price risk.
GL Trade connects to Onexchange
GL Trade, a provider of exchange connectivity, is to connect its front-end trading platform to electronic market-place provider Onexchange to allow its clients to create and clear over-the-counter and exchange-traded derivatives instruments in real time.
SuperDerivatives adds barrier options for FX
Online FX options pricing vendor SuperDerivatives has added European-style knock-out and knock-in options to its pricing system.
SunGard creates real-time credit risk analytics
SunGard Trading and Risk Solutions, a unit of US technology provider SunGard, has built a new credit tool that can offer traders access to virtually real-time risk exposures.
Spain's Banco Sabadell signs up to OpVar
Banco Sabadell, a Spanish retail bank, plans to employ operational risk management services provided by OpVantage, the firm created by the merging of NetRisk's quantitative op risk services with consultants PricewaterhouseCoopers.
India gets single-stock futures
The Mumbai Stock Exchange (BSE) launched 31 single-stock futures at the end of last week in an attempt to boost derivatives products available on the exchange.
Fitch sets up risk management subsidiary
Rating agency Fitch has set up Fitch Risk Management(FRM) to provide analytical risk management tools and services to financial institutions, investors and regulatory bodies throughout the US and Europe.
Rolfe & Nolan releases CCP server despite Eurex delays
Rolfe & Nolan, the UK back-office software provider, has released a clearing counterparty (CCP) server for exchanges and clearers. The release comes despite the server’s new functionality for Eurex Clearing’s Equity CCP being likely to remain idle due to…
CBOE Direct launched after several delays
The Chicago Board Options Exchange (CBOE) has launched CBOE Direct, a screen-based trading platform for members trading selected products before the open-outcry trading floor starts for the day.
McDaniel to head of Moody's investor services
International rating agency Moody's has made Raymond McDaniel president of Moody's investors service. He will manage Moody's global ratings and research businesses following a 14-year tenure with the firm.
TFS-Icap teams up with Volbroker
Joint venture interdealer FX options voice broker TFS-Icap has struck a deal with bank-owned trading platform Volbroker to integrate Volbroker's electronic capabilities into TFS-Icap.
Regulated market sees steep rise in activity
Major derivatives exchanges have seen a sharp rise in regulated trading activity in the past ten months, driven by the wider use of derivatives as hedge products and trading opportunities created by increased volatility.
Merrill restructures global debt markets
Dow Kim, Merrill Lynch’s new head of global debt markets, has named a series of new team leaders that will spearhead Merrill’s drive to integrate its cash, derivatives, origination, structuring and marketing of debt products.
Tremont, RiskMetrics to improve hedge fund risk reporting
Tremont Advisers, the global provider of hedge fund investment management services, has established a joint venture with RiskMetrics, which provides financial analytics, benchmark risk measurement and wealth management tools. The two companies are…
Argentina debt swap declared a 'default'
Attempts by Argentina's economy minister Domingo Cavallo to change the structure of $132 billion of his country's debt, has received a damaging response from international credit rating agency Fitch. Fitch stated that the move constitutes "a distressed…
SunGard appoints two new presidents
SunGard Trading and Risk Systems has appointed new presidents to lead two of its operating units. Paul Murphy becomes president of SunGard Collateral and Steve Husk joins as president of Credient/Infinity. Both Murphy and Husk will report to Jim Ashton,…
Cessation of 30-year Treasury bonds raises dealer fears
The decision last week by the US Treasury to stop issuing 30-year bonds caused a significant amount of activity in the markets, as traders sought to adjust to the surprise news. Spreads in 30-year US dollar interest rate swaps widened by 12 basis points…
Deutsche enhances online risk system
Deutsche Bank has added two major components to its DBIQ online analysis system that will allow analysis of structural risks and present value-at-risk (VAR) analysis through full Monte Carlo simulation. The DBIQ portfolio system and DBIQ risk system…