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ABN Amro euro project: ABN Amro has gone live with a suite of Infinity euro conversion modules that provide the bank with a "full set of tools for the conversion of trading instruments", says an Infinity spokesperson. The bank has also rolled out euro-compliant versions of Infinity's trading and risk management systems to some 300 users worldwide, the spokesperson adds.

LCH takes Neon: The London Clearing House (LCH) has selected Neon's middleware integration software to act as the infrastructure of its proposed SwapClear derivatives clearing service (RMO, July 13), says a Neon spokesperson. The Neon software will be used to link SwapClear to Swift's Accord swaps matching service.

"We needed an interface to Swift," says Nick Stevens, development manager for SwapClear. "Neon offered the functionality we required and is proven connectivity software in the banking environment."

RBC taps IFS: Royal Bank of Canada (RBC) has signed up for the MarginMan collateralized trading system from Dublin-based International Financial Systems (IFS). The bank plans to install MarginMan 2.0 in London, New York, Toronto, Singapore and Sydney, according to an IFS spokesperson.

RBC will use MarginMan to support its global forex margin trading business, covering spot/ forward trades as well as vanilla options. The application includes a global customer database, which will be located at RBC's London office, says the spokesperson.

Versant risk division: Versant Corporation, the object-oriented database specialist, has created a new worldwide division dubbed Versant Financial. The division will be headed by Andrew Ruffell.

The new division will "focus on enabling financial institutions to rapidly build and deploy applications that address the complexity and pace of globalized capital markets", according to a Versant spokesperson. It will target derivatives trading and risk management systems as areas that can benefit from object-oriented databases, Versant officials add.