Technology
RiskMetrics to provide credit data for risk managers
New York-based financial analytics company RiskMetrics, is to integrate benchmark and historical data from CreditTrade, the credit derivatives transaction, data and information services provider, into its DataMetrics product.
Chinese fund adopts Askari
Guotai Fund Management, a China-based fund manager with $900 million in assets, has adopted Askari’s TruView risk management system as part of it internal risk management upgrade.
FXall hooks up 11 more liquidity providers
FXall has integrated 11 more liquity providers to its online foreign exchange portal, taking its total to 34.
The Impact of Basle II on the Dealing Community
Overlook the implications of Basle II at your peril, says Garfield Hayes, head of marketing communications at Wall Street Systems.
CreditGrades launches with three backers
Deutsche Bank and Goldman Sachs have joined JP Morgan as backers of CreditGrades, an online equity-based model that assesses the credit quality of publicly traded companies.
Icap beefs-up Fra-Cross staff to meet demand
UK interdealer broker Icap has added new staff for its electronic forward rate agreement (FRA) matching system Fra-Cross, as volumes and demand from banks increase. It has signed up more than 30 banks for Fra-Cross, and the number of transactions per run…
Application Networks comes out from shadows
Application Networks, a software provider specialising in software for leading capital market firms, has announced its first Wall Street customer.
Isda seeks development help on FpML for exotic equities
The International Swaps and Derivatives Association has appealed for help from the industry in its attempt to extend the Financial products Markup Language (FpML) to exotic equity derivatives.
Real-Time Risk Aggregation
Buy- and sell-side survey respondents say batch processing and poor reference data are hindering real-time, firm-wide risk assessments.
Revamping Corporate Actions
Dividend payments, stock splits, name changes, spin-offs and other corporate actions impacting securities already held in accounts were not supposed to be affected by T+1. But as the deadline for shortening the trade settlement cycle is challenging firms…
Static data moves forward
Firms tackling high-speed and information-intensive tasks such as straight-through processing or risk management without accurate instrument and counterparty reference data may be taking enormous operational and credit risks. Clive Davidson reports on…
XBRL promotes transparency
Credit tech
GNI takes Intellimatch processing system
TECHNOLOGY NEWS
SunGard-Guardian merger will create a global disaster recovery service
DISASTER RECOVERY
Static data moves forward
Firms tackling high-speed and information-intensive tasks such as straight-through processing or risk management without accurate instrument and counterparty reference data may be taking enormous operational and credit risks. Clive Davidson reports on…
Job moves
QUOTE OF THE MONTH: - “The perception of government support may induce the counterparties of government-sponsored enterprises to apply less vigorously some of the risk controls that they apply to manage their over-the-counter derivatives exposures”…
Wall Street Systems offers rates module
Wall Street Systems has released an interest rate derivatives (IRD) module, which supports traditional analytic models as well as multiple-term structure models such as Black-Derman-Toy, Hull-White and Black-Karasinksi.