Technology
£60 billion Isis fund signs up to Riskdata
Isis, a £60 billion UK investment fund created through the merger of Friends Ivory & Sime and Royal & SunAlliance Investments at the end of last year, has signed up to use an interactive risk management system developed by Paris-based company Riskdata.
Eurohypo selects Front Arena
Eurohypo, the German mortgage bank created by Deutsche Bank, Dresdner Bank and Commerzbank, has selected the Front Arena IT system to manage its interest rate derivatives, fixed-income, credit derivatives, structured products and money markets trading.
Algo teams with Agena to solve op risk data history issue
Canadian risk management technology supplier Algorithmics has teamed up with UK software company Agena to help institutions to better model operational risk.
FT Interactive Data enhances BondEdge credit risk capabilities
FT Interactive Data, a Massachusetts-based supplier of financial information and analytical software, has expanded the credit risk management capabilities of its BondEdge fixed-income portfolio analytics product.
Reuters 3000Xtra offered via servers
Reuters has developed a centrally managed server farm that should allow clients to deploy its premium information and trading Reuters 3000Xtra terminals at reduced cost.
RMS releases portfolio-based pricing for weather derivatives
Risk Management Solutions (RMS), a California-based provider of software for managing natural hazard risks, has released version 3.3 of its Climetrix weather derivatives trading and risk management system.
Korea’s Koram Bank joins SuperDerivatives
Korea’s Koram Bank, a joint venture established by a consortium of local conglomerates, has joined SuperDerivatives, the internet-enabled currency options pricing system.
Moneyline Telerate to offer GFI repo data
Moneyline Telerate will offer access to inter-dealer broker GFI’s European repo data in the next couple of months, and plans to offer other GFI data later this year.
Korea First Bank installs Reuters Kondor+
Korea First Bank (KFB), one of South Korea's smallest commercial banks, has implemented Reuters Kondor+ risk and trade management system.
Ex SunGard staffers enter bid to buy Rolfe & Nolan
Novora, a company founded by former derivatives processing technology executives at SunGard Data Systems, has teamed up with venture capital firm Battery Ventures to analyse a possible bid for struggling UK back-office technology company Rolfe & Nolan.
Isda pushed for electronic documentation of complex swaps
The International Swaps and Derivatives Association today released its recommendations for financial products markup language (FpML) version 2.0 for rates products.
Fitch acquires IC2 First op risk database
Fitch Risk, a division of rating agency Fitch Ratings, has acquired the IC2 First (financial institutions risk scenario trends) database from financial services provider, Zurich Financial Services Group.
DST acquires State Street’s risk management unit Askari
DST International, the software arm of US investment management services provider DTI Systems, has acquired State Street’s risk management software arm Askari for an undisclosed sum.
Refco launches web prime brokerage using Currenex
Refco F/X Associates, part of Refco Group, has taken its foreign exchange prime brokerage service online in a bid to improve efficiency, a senior official at the broker in Chicago told RiskNews' sister publication FX Week .
Bank of America platform integrates derivatives financing capabilities
Bank of America has launched a new prime brokerage platform, integrating equity swap capabilities with traditional prime brokerage services.
Fitch unveils OpVantage version 5.0
Fitch Risk, a unit of rating agency Fitch, plans to release a March update of its OpVar software, which provides a database of operational loss events and software that helps banks better model operational risk.
Korea's SK Life acquires Kamakura market risk system
SK Life Insurance, one of South Korea's largest life insurance companies, has licensed Honolulu-based risk management technology firm Kamakura's market risk system, Kamakura Risk Manager. The deal marks the 10th Korean client for Kamakura.
Calypso hooks up with DataSynapse
San Francisco-based software provider, Calypso Technology, has teamed up with New York-based technology vendor DataSynapse, to market the integration of the grid-computing capability of DataSynapse’s LiveCluster computer infrastructure product with the…
Kamakura upgrades key risk management system.
Kamakura, a Honolulu-based risk management technology company, has released a new version of Kamakura Risk Manager (KRM), its integrated risk management application.
Macau's central bank signs up to Financial Objects
The Monetary Authority of Macau (AMCM), the central bank of the Chinese Special Administrative Region (SAR) of Macau, has adopted UK-based software company Financial Objects' activebank=B2 system to support its banking operations.
Wing Hang signs China risk systems deal with Reuters
Wing Hang Bank, a medium-sized Hong Kong bank, has signed an agreement with Reuters to provide a front-office trade capture and risk management system plus a back-office trade processing system across its treasury business in mainland China.
Bank of Finland to upgrade risk systems with Trema
The Bank of Finland will replace its mainframe and proprietary foreign exchange reserves, monetary policy and customer payments systems with an off-the-shelf service provided by Stockholm-based Trema.
ISE introduces ISEspreads function
The International Securities Exchange (ISE), the second biggest options exchange in the US, has implemented ISEspreads, a new trading system function that automatically executes complex options orders.
Fix for fixed-income uptake remains slow
Buy-side firms are continuing their ‘wait-and-see’ approach when it comes to implementing the Fix protocol to support their fixed-income businesses, according to Fix Protocol Limited (FPL).