Technology
Prebon launches online FRA matching system
Brokerage house Prebon Yamane Asia-Pacific has launched an online matching system for floating rate reset risk positions in swap portfolios for Australian dollar (A$) and Hong Kong dollar (HK$) currencies.
DGZ DekaBank to implement RiskVision
DGZ DekaBank, a German financial institution specialising in wholesale banking and fund management, has agreed to roll out London-based financial services vendor Misys International Banking Systems’ Risk Vision suite.
Goldman signs up Imagine for prime brokerage
Goldman Sachs is to offer Imagine Software's ASP risk management and trading services to clients of its prime brokerage unit, GSI Prime Brokerage, formalising a partnership begun last year in which GSI clients started using the Imagine product.
AIB fraud involved fake entries in SunGard's Devon
Allied Irish Banks' John Rusnak, the trader accused of concealing $691 million in foreign exchange losses over five years, inputted false trades into SunGard's Devon System, which was used to process prime-brokerage accounts at Allfirst Financial, the…
Dynegy joins TradeSpark online trading platform
Houston-based energy company Dynegy has become a partner in TradeSpark, the online energy trading platform. The firm has linked its own proprietary trading system, Dynegy Direct, to TradeSpark as part of the deal.
RiskMetrics launches visual risk service
New York-based technology firm RiskMetrics has developed a new visual tool that allows investors to see stock volatility at a glance. The Risk Map of the Market, as the new service is known, plots both the Standard & Poor’s index and the Nasdaq 100 index…
CMXchange and Opt4Derivatives partner for OTC metals trading
Illinois-based Commodities Management Exchange (CMXchange), an electronic metals exchange, and Berkeley-based technology firm Opt4Derivatives are to launch CMXflexclear, an electronic market-place for trading and matching over-the-counter (OTC)…
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.
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.
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.
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.
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…
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
Asset managers run for cover
Enterprise-level risk
Turkish crossover
Turkey
Arab Bank goes global with Panorama
Arab Bank is to use Panorama, from SunGard Trading and Risk Systems, as a global solution for treasury operations.
Kiodex secures second round of financing
Kiodex, a New York-based provider of Web-based energy risk management solutions, has secured an additional $10 million in financing from Warburg Pincus, the global private equity firm. The firm originally invested $15 million in April 2001. It plans to…
Refco signs up TradeTrac for forex
Refco, the world's largest non-bank futures commission merchant, has signed up TradeTrac for its foreign exchange activities. TradeTrac provides front-, middle- and back-office risk management services, and was developed by risk technology firms…
IKB chooses Trema’s Finance KIT
Trema, a Stockholm-based financial services IT vendor and management consultancy whose clients include the European Central Bank, Deutsche Bundesbank and the Czech Republic’s ING Investment Management today announced that IKB Deutsche Industriebank had…
RMS offers indexes for structuring weather derivatives
Risk Management Solutions (RMS), a California-based weather risk software and data firm, has started publishing regional weather indexes for the US on its website, www.climetrix.com. The indexes provide the weather derivatives market with a new benchmark…
SunGard acquires EnFORM Technology
SunGard Trading and Risk Systems today announced that it has acquired EnFORM Technology, a Houston-based technology-consulting firm that provides custom software applications for companies operating in the energy and telecommunications industries.