Technology
OpVar software upgrade fits Basel QIS
OpVantage, the operational risk quantification provider, has released version 4.0 of its OpVar software. The new version maps its data to the Basel Committee’s Quantitative Impact Study (QIS) loss event categories at level 2.
Goldman signs up to Cognotec's Liquidity Linq
US investment bank Goldman Sachs will use foreign exchange e-commerce services provider Cognotec's Liquidity Linq Connect to offer foreign exchange pricing and execution services to firms currently signed up to Cognotec's foreign exchange dealing…
GFInet launches energy option pricing software
GFInet, a maker of online trading markets, has launched new software designed to standardise options pricing in the energy market.
RiskAdvisory and Softsmith form energy jv
US-based business solutions providers RiskAdvisory Software and SoftSmiths are joining forces to supply the energy industry with a complete electronic transaction system. The integration of RiskAdvisory's Energy Book Runner and SoftSmiths' e-Merchant is…
Reading the signs
Cate Rocchi discusses the $60m Clarion Offshore Fund which has grown over 265% since launching in 1996
How far will the S&P500 drop?
Robert Fischer demonstrates how the Fibonacci trading method can predict the highs and lows of the markets
Profits taken by the truly hedged
Jeff Benjamin looks at the repercussions of the recent terrorist attacks on the World Trade Center. He asks, how hard has the market been hit and how long is recovery likely to take?
RMS adds Canadian weather data
Risk Management Solutions (RMS), the California-based provider of products and services for the management of natural hazard risks, has added Canadian temperature data to its Climetrix weather derivatives trading and risk management system.
Kiodex launches web-based risk application
Kiodex, a US-based provider of Web-based risk management solutions for the commodity markets, has launched its flagship risk management application, the Kiodex Risk Workbench. The product is designed to assist corporations in managing their earnings…
Cygnifi files for Chapter 11
JP Morgan spin-off Cygnifi, the New York-based online derivatives service provider, has filed for voluntary Chapter 11 bankruptcy. During its Chapter 11 process, which is expected to take at least 90 days, Cygnifi said it will seek buyers for its assets…
TCG founder steps aside
Terence Chapman, founder of the Terence Chapman Group (TCG), the specialist provider of IT consultancy services to the finance sector, has stepped aside as chief executive.
S&P offers CDO manager ratings on the Web
International debt rating agency Standard & Poor’s (S&P) has begun offering evaluations of collateralised debt obligations(CDOs) managers for free on its website. While the move appears timely given the current turbulent environment for non-investment…
CMC becomes latest e-FX loser
Currency Management Corporation (CMC), one of the longest-serving firms in the retail and mid-market online FX trading industry, has pulled out of the US. The UK company, which carried out its first online FX trade in 1996, said this was in response to…
Fimat improves online futures system
The Fimat Group, a brokerage unit of Société Générale, has launched a new customisable version of its Web-based customer interface system, Fimacis.
Major South African firms renew Algo contracts
Four of South Africa's leading corporations have renewed market risk management services contracts with Toronto-based risk management solutions provider Algorithmics
DerivaTech appoints Tennola to new COO role
DerivaTech, the Chicago-based currency derivatives software solution provider, has named Paul Tennola chief operating officer (COO), a newly created position.
IntesaBCI selects mpct’s CLS Server
Italy's largest banking group, IntesaBci, has selected mpct Solution’s CLS (Continuous Linked Settlement) Server to power its CLS services, which will run on the Sun Solaris Unix platform at the bank's Milan headquarters.
Isda introduces online information resource
The International Swaps and Derivatives Association (Isda) has introduced a new online information resource for its members called netalytics, which covers the validity and enforceability of the close-out netting provisions of the Isda master agreements…
Patsystems launches mobile access
Trading software designer patsystems has launched a new product that it claims will give traders remote access to all leading derivatives exchanges
DSTi forms trading alliance with SunGard
DST International (DSTi), an order-processing provider to the fund management industry, has formed a strategic alliance with SunGard Trading Systems that will allow fund managers to fully integrate DSTi's portfolio management services with SunGard's…
eAcumen launches weather risk platform
San Francisco-based risk technology firm, eAcumen, has launched the core module of WeatherBook, a quantitative weather risk management platform that prices weather derivatives and simulated portfolios using a proprietary simulation algorithm.
Preparing for the worst
Small and medium-sized banks in the US and Europe are bracing themselves for Basel II. Gallagher Polyn examines how these institutions plan to adapt to the new Accord.