Technology
Technology platform allows outsourcing of IT functions
hemisphere adds software range to its tech services
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…
Macau's central bank signs up to Financial Objects
The Monetary Authority of Macau (AMCM), the central bank of the Chinese Special Administrative Region (SAR) of Macau, has adopted UK-based software company Financial Objects' activebank=B2 system to support its banking operations.
Wing Hang signs China risk systems deal with Reuters
Wing Hang Bank, a medium-sized Hong Kong bank, has signed an agreement with Reuters to provide a front-office trade capture and risk management system plus a back-office trade processing system across its treasury business in mainland China.
Mark-it plans to offer data pricing service for structured credit
Mark-it Partners, a two-year-old company founded by senior bankers at Canada’s Toronto Dominion, is in advanced negotiations to set up a data pricing service for collateralised debt obligations (CDOs). If successful, this could become the first such…
Bank of Finland to upgrade risk systems with Trema
The Bank of Finland will replace its mainframe and proprietary foreign exchange reserves, monetary policy and customer payments systems with an off-the-shelf service provided by Stockholm-based Trema.
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,…
Open Platform - Not Just An Equity Front-End
The future OMSs will include a stronger fixed income role and maybe even middle- and back-office functions like confirmations and allocations.
ISE introduces ISEspreads function
The International Securities Exchange (ISE), the second biggest options exchange in the US, has implemented ISEspreads, a new trading system function that automatically executes complex options orders.
Fix for fixed-income uptake remains slow
Buy-side firms are continuing their ‘wait-and-see’ approach when it comes to implementing the Fix protocol to support their fixed-income businesses, according to Fix Protocol Limited (FPL).
Maple Leaf debuts with Sophis and TradingScreen risk management product
Maple Leaf Capital, a hedge fund based in London, has signed up to use an integrated risk management system developed by Paris-based risk management systems provider Sophis and TradingScreen, a supplier of connectivity for asset managers, located in…
Goldman to introduce single data portal
Goldman Sachs plans to replace its Financial Workbench fixed-income research portal with a new system that will centralise data and research from across the bank for buy-side and corporate clients in the coming months.
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…
Trayport offers swaps as part of updated brokerage system
London-based trading software vendor Trayport has launched the latest version of Global Vision, which includes support for foreign exchange forwards, repo, interest rate swaps and credit derivatives.
Profile: Dresdner makes loss prevention a new priority
Operational risk management is a management programme, not just a modelling exercise, according to Jonathan Howitt, director of operational risk at investment bank Dresdner Kleinwort Wasserstein in London.
Extreme Outsourcing
"Lift-out" outsourcing projects by major institutional firms prime the pump for the rest of the industry.
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…
Lepus lists op risk leaders
US firm OpRisk Analytics, Canada-based Algorithmics, and UK company Raft International are leading the operational risk vendor market, according to a report published in January by management consultancy Lepus.
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.
Fitch upgrades OpVar tool for operational risk
Fitch Risk Management has added a range of new services to its OpVar software suite, an operational risk management quantification tool. Version 5.0, scheduled for release in March, now offers an enhanced data collection module and improved data…