Technology
Bloomberg provides STP for credit derivatives
Bloomberg has linked up with New York-based technology firm T-Zero to provide its users with an electronic affirmation process for credit default swaps (CDS). T-Zero’s straight-through processing (STP) will allow users to capture and communicate trade…
SunGard expands Asian operations
Financial software vendor SunGard has boosted its Asia-Pacific presence with the rollout of an order-to-cash process system called AvantGard Getpaid, and increased on-the-ground support in Singapore and Malaysia.
The straight-through challenge
Technology
A secure approach
Compliance wins the race to drive IT security, with efforts concentrated less on tools and more on policy. By Protiviti's Greg Hedges and Claudia Gomez
BarCap logs on at last
Technology
FpML messaging to be allowed on Swift
The International Swaps and Derivatives Association is to collaborate with the Swift interbank network to allow messaging in the FpML derivatives markup language.
GFI rolls out pricing tool for structured products
Interdealer broker GFI in New York has released a new version of its pricing and risk management software, incorporating a structuring and pricing tool for structured products.
SwapsWire to offer Japanese OTC equity trades
UK electronic confirmation service SwapsWire has added confirmation of Japanese over-the-counter equity options to its product offering.
Standard Chartered offers Asian IRS pricing on Bloomberg
Standard Chartered has become the first bank to launch interest rate swaps on the Bloomberg electronic platform in five Asian currencies - Hong Kong dollars, Singapore dollars, Indian rupees, Taiwan dollars and Korean won.
Cost cutting prompts departures at West LB
German commercial bank West LB is to close its trading operations in London as it transfers more of its business to Düsseldorf. The decision to cut costs has already led to two senior departures at the bank.