Technology
FNX opens South-east Asian hub
FNX, the Pennsylvania-based risk management software company, has established a regional support centre in Bangkok, Thailand.
Numerix launches CompatibL Technologies
New York-based analytics provider Numerix is forming a new company that will seek to accelerate definition and adoption of derivatives systems interoperability standards.
Korea’s Woori Bank installs Reuters’ Kondor+
Korea’s Woori Bank, the country's second largest bank, has signed an agreement with Reuters to use Kondor+ as its risk management tool for derivatives and bond transactions.
SunGard snaps up Reech Capital
US technology company SunGard has acquired Reech Capital, a London-based risk pricing, validation and portfolio valuation technology company. The move is the latest instalment in SunGard’s acquisition spree aimed at making the Pennsylvania-based company…
SuperDerivatives upgrades forex options pricing platform
SuperDerivatives, a London-based foreign exchange pricing company, has upgraded its currency options pricing system.
Abbey National snaps up Op risk solution from Raft
UK bank Abbey National has purchased raft radar, an operational risk management system from London-based software provider Raft International.
Krung Thai Bank taps Reuters for risk system
Krung Thai Bank, Thailand’s largest state bank, has signed an agreement with Reuters, the global information and trading systems company, to provide a real-time trading room risk system and a back-office system to handle its processing and cash…
German mortgage consortium to manage risk with Fermat
German mortgage bank Eurohypo has bought Paris-based Fermat’s risk management suite for regulatory risk, credit risk and asset and liability management.
Egar begins marketing limit server in US
New York-based software developer Egar Technology says it has begun marketing its limit server system in the US. Egar says Egar Limits Server is a real-time, enterprise-wide limit and risk system. Russia’s Alfa Bank currently uses it and Ravi Jain, Egar…
Deutsche Post World Net integrates treasury operations, reduces risk
Deutsche Post World Net, the Bonn-based pan-European logistics provider, has implemented Trema Finance Kit, in a bid to reduce risk and increase operational efficiency. The move is part of an effort to centralise its treasury operations, and the new…
Tower predicts bank IT spending will grow
New research from the Tower Group, a Boston-based consultancy, concludes that despite an intense focus on cost-cutting at banks, IT spending will grow modestly over the next three years. While many believe the banking sector's malaise will continue to…
SunGard to help Irish companies comply with Basel II
SunGard Trading and Risk Systems, an operating group of US technology company SunGard, has teamed up with Dublin–based software services consulting company Client Solutions to help banks and non-financial institutions across Ireland meet regulatory and…
Kiodex adds more energy forwards curves
Kiodex, a New York-based energy risk management technology company, told delegates at an EPRM congress in Houston yesterday that it will add five new forward curves to its global market data offering.
Reuters teams with Barra to offer buy-side risk analytics
Reuters, the UK information company, has teamed up with Berkeley, California-based risk management technology vendor, Barra, to integrate Reuters’ buy-side market data with Barra’s risk analytics products for the investment community.
Danske Bank selects Algo Collateral
Denmark’s Danske Bank has implemented Algo Collateral from Toronto-based risk management software provider, Algorithmics, to support the expansion of its margining activities and collateralised counterparties.
Summit to offer multi-asset exotics pricing
New York-based trading technology provider Summit Systems, a unit of the UK’s Misys, has developed a multi-asset derivatives pricing capability due for roll-out with version 3.5 of its flagship front-end trading system within the next two to three months.
Fra-Cross to use SwapsWire for electronic confirmation
Fra-Cross, the matching service developed by inter-dealer broker Icap for crossing forward rate agreements (FRAs) used to manage reset risk, is to use SwapsWire to confirm electronically matched trades.
SunGard upgrades Monis Convertibles with new credit hedging tools
SunGard Trading and Risk Systems, an operating unit of SunGard, has added a credit hedging module to version 5.0 of Monis' Convertibles XL 5.0, the latest version of its spreadsheet-based pricing, analysis and hedging software for convertible bonds and…
Reveleus launches Basel II package
Boston-based financial analytics company, Reveleus, has launched a Basel II software product suite for enterprise risk management and compliance with the forthcoming capital regulations as specified by the Bank for International Settlements (BIS).
Discovery becomes first US asset management client for Trema
Discovery Capital Management, a multi-asset-class emerging market hedge fund with $900 million in assets under management, has introduced Trema Finance Kit, a straight-through processing portfolio analysis, accounting and reporting tool.
ABN Amro selects SunGard’s Credient
ABN Amro has signed up to use SunGard Trading and Risk Systems’ credit portfolio analysis and counterparty exposure tracking system, Credient, for global credit risk management and control. The Dutch bank will use Credient for trading portfolio credit…
JP Morgan Chase launches Credit Navigator for relative-value credit trading
JP Morgan Chase has launched its Credit Navigator product, an analytical tool designed to identify relative-value opportunities in the credit markets.
Mizuho takes FNX for foreign exchange options
Mizuho Tokyo has upgraded to release 4.4 of FNX’s Sierra System for FX options trading. The new release has faster algorithms and architecture to accommodate Mizuho’s high volumes, FNX said.
DataSynapse adds IBM functionality
New York-based technology vendor DataSynapse has expanded its LiveCluster service that provides on demand computing power to be able to use IBM’s eServer zSeries mainframe computers.