Risk magazine
Xcel chooses Panorama for trading and risk management
Xcel Energy, the US-based electricity and natural gas company, has selected SunGard Trading and Risk Systems’ Panorama suite for its trading and risk management practices.
Moody's extends RiskCalc coverage to UK
Moody's Risk Management Services (MRMS) has added non-financial private UK company data to its Web-based default estimator tool, Moody's RiskCalc.
Spike Trading signs with patsystems
Spike Trading, a Chicago-based supplier of clearing and support services to floor-based traders, has contracted independent software vendor patsystems, to provide it with J-Trader, the company’s online derivatives trading platform.
LeBlanc leaves DrKW to head risk management at Barclays
Robert LeBlanc has joined Barclays Capital as its new head of risk management, after less than a year at German rival Dresdner Kleinwort Wasserstein (DrKW). Both banks declined to comment on the move.
EU postpones new bank rules following Basel II delay
The European Commission has postponed the coming into effect of its own plans for risk-based bank regulation by at least a year, following the further delay to the controversial Basel II bank Accord, Commission officials said.
Rusnak's fraudulent trading strategy revealed
The independent report commissioned by Allied Irish Banks, carried out by US banking specialist Eugene Ludwig, details how former Allfirst foreign exchange trader John Rusnak managed to hide his forex trading losses with the creation of bogus options…
SunGard acquires Kronos Software
Pennsylvania-based technology firm SunGard Trading and Risk Systems has acquired London-based Kronos Software, the real-time risk management and trading solutions provider.
Macquarie issues dividend warrants in Hong Kong
Macquarie Equities Asia, a division of Australia’s Macquarie Bank, has launched a new warrant product into the Hong Kong market. Called the dividend accumulator warrant, it pays investors dividends equal to the underlying share over the life of the…
Cameron Systems launches CameronFIX 6.0
Cameron Systems, an Australian-based supplier of FIX (Financial Information eXchange) engines, has released CameronFIX Version 6.0 with its universal server – a server application offering clients a ‘plug and play’ system that can be interfaced and…
Taipei Bank opts for FNX’s FirstOrder
Taipei Bank has chosen FNX Limited, a Philadelphia-based software vendor specialising in straight-through processing applications used in global capital markets, to deliver Web-based electronic trading capabilities via its FirstOrder application.
Exchange-traded derivatives soaring, says BIS
The aggregate turnover of exchange-traded derivatives contracts reached a new record in the fourth quarter of 2001, said the Bank for International Settlements (BIS) in its latest quarterly review.
Delay to QIS3 survey delays Basel II to 2006
Regulator determination to get a key survey of banks right was a major factor in the decision to postpone again the coming into effect of the complex Basel II banking Accord until late 2006, from an undetermined date in 2005, banking regulators said.
Ascher named chief executive officer of Nasdaq Liffe Markets
Nasdaq Liffe Markets (NQLX), the electronic exchange joint venture by Liffe and Nasdaq launched in March 2001, has appointed Thomas Ascher as chief executive officer. Ascher will be responsible for the strategic, long-term vision and operations of NQLX,…
PRMIA adds Shanghai chapter
The Professional Risk Managers' International Association (PRMIA) has added a 25th chapter, in Shanghai, China. Hu Bingxing, senior risk manager with China Guotai Fund Management, is regional director of the new chapter.
Nyfix to acquire Javelin Technologies
Nyfix, the Connecticut-based electronic trading and straight-through processing systems vendor, is set to acquire Wall Street-based FIX (Financial Information eXchange) infrastructure supplier, Javelin Technologies.
ABN Amro adds to institutional forex sales
ABN Amro has made three new hires in institutional foreign exchange sales – part of its global financial markets business. All three report to Chicago-based Robert Rodman, ABN's global head of forex product sales to financial institutions and the public…
Merill Lynch hires for European derivatives sales
Merrill Lynch has made two new hires for its derivatives sales force in Europe. Robert Machin joins as a director of interest rate derivatives, and Konstantin Krebs joins as a senior vice-president, marketing credit derivatives, interest rate derivatives…
SuperDerivatives adds deal capture facility
SuperDerivatives, a UK-based online foreign exchange pricing firm, has added a deal capture facility linking its currency options pricing service to back-office risk management systems. SuperDerivatives said the feature has been added due to client…
Malaysia to launch bond futures contract
Malaysia Derivatives Exchange (MDEX) has announced that it will launch a five-year government bond futures contract at the end of March, the first such contract to be issued in Malaysia.
SunGard makes two senior hires for collateral management and energy businesses
Pennsylvania-based technology firm SunGard Trading and Risk Systems has hired Michael Clarke as a senior vice-president of the SunGard Collateral operating unit, while Michael DeMaise has joined the energy operating unit as vice-president of product…
DrkW boosts data services with PFS deal
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has signed a licensing agreement with PFS Trader Tools to use its DS2000 gateway for real-time data dissemination from its London, Frankfurt, Singapore and New York…
Drivers of dollar swap spreads
Fixed0income strategy
Globalisation and equity index exposure
Equity diversification
Arb fund reign to continue
Convertible bonds