SunGard
Taking it slow
Hong Kong's banks are, for the most part, targeting the standardised approach outlined in the new Basel capital Accord, but it is hoped that this will act as a catalyst for the further improvements in risk management.
Mizuho takes FNX for foreign exchange options
Mizuho Tokyo has upgraded to release 4.4 of FNX’s Sierra System for FX options trading. The new release has faster algorithms and architecture to accommodate Mizuho’s high volumes, FNX said.
Sponsor's article > SunGard Trading and Risk Systems Announces New Dedicated Role for Basel II
Dr. Dean Jovic has been appointed to group managing director of risk management/Basel II, a newly created position at SunGard.
CBA to use Fenics FX for options trading on worldwide basis
The Commonwealth Bank of Australia (CBA) has employed New York-headquartered GFI Group’s Fenics FX system as its global standard foreign exchange options pricing and analysis tool. The bank will deploy the system as the standard interface in all of its…
A disaster waiting to happen
Despite the threat of increased terrorist attacks and war with Iraq, financial institutions are still struggling to find the funds to invest in appropriate business continuity plans.
Sponsor's article > No cure through the cycle
Some have argued that the antidote for pro-cyclicality in the Basel II capital requirements is the use of 'through-the-cycle' estimates of default and recovery rates. David Rowe argues that, whilethis might mitigate the pro-cyclical impact of the Accord,…
CBA enhances risk management and dealing technology
The Commonwealth Bank of Australia (CBA) has carried out a series of initiatives aimed at enhancing efficiencies in its dealing and risk management operations.
Front adds back-office capability to Arena
Front Capital Systems, a Stockholm-based operating unit of Pennsylvania-based technology company SunGard, will finalise development of a new back-office capability next month that it will offer as part of its flagship trading system, Front Arena.
Eurohypo selects Front Arena
Eurohypo, the German mortgage bank created by Deutsche Bank, Dresdner Bank and Commerzbank, has selected the Front Arena IT system to manage its interest rate derivatives, fixed-income, credit derivatives, structured products and money markets trading.
Ex SunGard staffers enter bid to buy Rolfe & Nolan
Novora, a company founded by former derivatives processing technology executives at SunGard Data Systems, has teamed up with venture capital firm Battery Ventures to analyse a possible bid for struggling UK back-office technology company Rolfe & Nolan.
SunGard bolstered by 2002 acquisitions
SunGard reported positive financial results last week, but analysts noted that, stripped of the acquired companies’ revenues, SunGard’s 'organic' revenue increase for 2002 was 1% for the year, and the company’s revenue actually decreased 1% during the…
Sponsor's article > Don't count on buffers
One possible mitigator of the pro-cyclical impact of risk-sensitive capital requirements would be counter-cyclical changes in capital buffers. Empirical evidence on this issue is scarce and a new regulatory capital regime could well induce a behavioural…
New Market, New OMS Sales Pitch
Baring Asset Management is doing something that a lot of trade order management vendors and market analysts wish the rest of the financial world would do: after implementing a new third-party order management system to replace its older in-house system,…
GNI to replace Algo RiskWatch with SunGard Panorama
GNI Fund Management (GNI FM), a London-based fund of hedge funds with about $550 million of assets under management, started its implementation of SunGard Trading and Risk Systems’ Panorama platform early this month. The system is scheduled to go live at…
SunGard alleges Algo has used its confidential information
In a bizarre twist, US-based technology services company, SunGard, has responded to legal action by Algorithmics regarding its alleged use of Algorithmics' confidential information, by claiming its Canadian rival has used confidential information…
Algo slaps injunction on SunGard over use of confidential information
Canadian risk management systems provider Algorithmics has slapped an injunction on SunGard aimed at stopping its US-headquartered rival from using confidential information allegedly leaked to SunGard by an ex-Algorithmics employee.
SunGard releases intranet version of Account Risk Module
SunGard Futures Systems, a division of US-based technology company SunGard, has released a new intranet version of its Account Risk Module (ARM), an account risk assessment tool designed for use with its GMI system for listed derivatives processing. GMI…
Front and Evolution formalise co-marketing agreement
Front Capital Systems, a provider of risk management technology, and UK consultancy firm Evolution today formalised an agreement to market each other's products.
A clear market leader
How will SunGard’s acquisition of rival vendor Caminus change the market for energy risk management software? Kevin Foster reports
SunGard snaps up Caminus for $160 million
Pennsylvania-based integrated IT service provider SunGard is to buy US energy software company Caminus for about $160 million in an all-cash deal. Upon completion – expected within two months – Caminus will become an operating unit of SunGard Trading and…
Sponsor's article > The role of correlation
David Rowe surveys recent research on the role of correlation between probability of default and recovery rates, as well as among default probabilities.
KWI head dismisses Caminus/SunGard threat
David Bucknall, chief executive of KWI, the London-based energy risk management technology firm, today told RiskNews that SunGard’s purchase of Caminus, KWI’s New York-based competitor, amounts to “a marriage of two dinosaurs”. Earlier today Pennsylvania…
Cognotec boosts sales effort with new hire
Dublin-based foreign exchange trading software company Cognotec has hired Kevin Galliers from Iris Financial as vice-president of sales.
SunGard integrates cash and derivatives trading systems under Front Arena
Pennsylvania-based risk technology firm SunGard Trading Systems is integrating its major cash and derivatives trading systems to offer a cross-asset front- to back-office straight-through processing solution under the Front Arena brand.