
Bank One updates technology to boost derivatives
The project will replace software on Bank One’s Chicago, London and Tokyo trading floors, and is expected to be completed in the third quarter of 2003. The Calypso software will be deployed from the front to the back office, including trade capture, settlement, valuation and risk management, said Dennis, adding that Bank One’s traders will be able to better manage the interest rate risks of their portfolios via intra-day and end-of-day risk numbers.
“We will be able to handle a wider range of products [on the trading floor] than we could,” Dennis said.
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