Technology
Insurers embrace risk systems
Insurance companies have been slower than banks to adopt advanced risk modelling techniques and technologies. But regulatory changes and business exigencies are spurring them to adopt a new generation of risk and capital management systems
CMA develops credit derivatives analysis product
Credit Market Analysis (CMA), a specialist provider of analytics for the credit markets, is marketing a new analytics system called CMA Market Monitor, which will provide investors with spread information on bonds and credit derivatives. The company…
Tullett signs new contract with Kalahari
London-based inter-dealer broker Tullett & Tokyo Liberty has signed a new three-year contract with Kalahari, an analytical and price discovery software company also based in the UK. The decision marks the extension of a 10-year tie-up between the two…
Cognotec to expand with extra funding
Against a backdrop of declining investment in e-trading initiatives, Dublin-based forex technology firm Cognotec said it has secured $14.5 million in additional funding.
Wells Fargo to use AI to combat op risk
Wells Fargo, the San Francisco-based banking and financial services company, has bought an automated anti-money laundering software solution from IBM and Searchspace, a specialist software vendor, that will use artificial intelligence to monitor every…
Egar Technology launches web tool for equity options trading
Egar Technology, a New York-based supplier of trading and risk management systems, has released Egar Dispersion ASP, a web-based version of Egar Dispersion, an analytical tool for equity cash and options traders.
Standard Chartered makes investment in Cognotec
Cognotec, a Dublin-based foreign exchange and money market e-trading system provider, said it has secured a $14.5 million investment, two-thirds of which will be provided by FinVentures, the private equity arm of Standard Chartered Bank. The rest will…
FXall and FXpress plan STP link
Foreign exchange trading platform FXall and FXpress, a Pennsylvania-based currency risk management company, are integrating their systems to allow straight through processing (STP) of trades.
GFI to offer price data on S&P Comstock
Rating agency and financial information provider Standard & Poor’s has teamed up with New-York based brokerage and data provider GFI to deliver GFI’s real-time market data on its Comstock feed. S&P will deliver GFI data on foreign exchange (FX) options,…
Creditex updates PriceTracker
New-York based provider of credit derivatives data and trading service Creditex has released a new version of its PriceTracker pricing service that covers new sectors and search criteria. Creditex will also add Standard & Poor’s credit ratings to the…
FT Interactive Data launches BondEdge CMO/ABS Analyzer
FT Interactive Data, a provider of financial information and analytical software based in Bedford, Massachusetts, today launched its CMO/ABS Analyzer, an interactive Web-based application providing information and analytics on more than 9,000 US dollar…
Blue Bay signs with SunGard
Blue Bay Asset Management, the London-based alternative investment firm established on July 3 last year, has licensed SunGard Trading and Risk Systems’ Panorama application for risk management and Decalog for decision support and compliance of its hedge…
Isda seeks industry help to develop FpML for credit derivatives
The International Swaps and Derivatives Association (Isda) is seeking industry help to set up a working group to develop financial products mark-up language (FpML) for credit derivatives. FpML, a computer protocol, was built to promote the electronic…
WRMA launches electronic trading standard
The Weather Risk Management Association (WRMA), a global industry body promoting weather derivatives, launched its extensible mark-up language trading protocol, WXML, on Friday following a two-year development process.
Weaving an integrated solution
A treacherous credit environment and growing awareness of the danger of credit and market risk correlation have convinced financial institutions that they need to evaluate these exposures together. To get a unified view, will they need to adopt unified…
Front in new sales drive
Stockholm-based trading and risk management technology provider Front Capital Systems, an operating unit of SunGard Trading Systems, has made two key sales appointments to support the company’s global expansion. Front has recruited Stephen Butcher to…
Making the connection
Front-office systems
Fame and Xenomorph in data link-up
New York-based data provider Fame has teamed up with London-based data storage company Xenomorph to offer a product link-up to equity derivatives dealers.
Swiss Re signs up for updated RMS weather trading system
Swiss Re Financial Products (SRFP) has licensed an updated weather risk trading system developed by Risk Management Solutions (RMS), the California-based technology and data firm.
Challenging times for CROs
Chief risk officers
Weaving an integrated solution
A treacherous credit environment and growing awareness of the danger of credit and market risk correlation have convinced financial institutions that they need to evaluate these exposures together. To get a unified view, will they need to adopt unified…
Industry On Alert
A joint finance-technology-government effort to safeguard the market infrastructure has already resulted in a secret command center and preliminary guidelines for industry-wide best practices.