Technology
CreditVantage launches new probability-of-default software
CreditVantage, a division of Fitch Risk specialising in credit risk software, has launched the CRS Corporate PD Model, a package that calculates the probability of default.
CME buys Liquidity Direct
The Chicago Mercantile Exchange (CME) has acquired Chicago-based Liquidity Direct Technology, a private company that owns a patent-pending system for trading complex options.
Telekurs Financial triples VDF delivery
Swiss market data vendor Telekurs Financial has begun distributing its valor data feed (VDF) three times each day to ensure that the three main global timezones each have access to the most up-to-date data.
SuperDerivatives sees more growth from buy-side sector
SuperDerivatives has sold its currency options pricing system to Coca-Cola Amatil (CCA), an Australian soft-drinks company with operations in six countries in the Asia-Pacific region.
SunGard buys WhiteLight Basel II system
SunGard Trading and Risk Systems, a division of US software company SunGard, has bought California-based WhiteLight's system for Basel II compliance from SymphonyRPM. It will rebrand the product the SunGard Basel II Capital Manager.
WestLB goes live with SunGard's Credient
German bank WestLB has gone live with Credient, SunGard Trading & Risk Systems’ credit risk software package.
BarCap adds sterling swaps to online interest rate swaps platform
Barclays Capital (BarCap) has added sterling swaps to its online interest rate swaps platform, Barx.
Mark-It buys Loan-X
technology news
Fimat's UK branch first to adopt Belzberg-CBOE system
Broker Fimat’s UK trading arm is the first European customer for the Hybrid Trading System (HyTS), a joint offering from Belzberg Technologies and the Chicago Board Options Exchange (CBOE), reports Risk's sister publication Trading Technology Week .
Rabobank upgrades software for Basel II compliance
Dutch bank Rabobank has purchased risk management software from Ubitrade-Fermat to assist in its Basel II compliance.
SGX signs up for OM trading system
The Singapore Exchange (SGX) has selected OM to provide it with a new integrated trading engine.
SAS extends risk software portfolio
North Carolina-based software provider SAS has extended its range of risk management systems by acquiring technology vendor RiskAdvisory. The Canada-based software company specialises in providing risk software to energy and utility companies.
WSS updates hedge accounting software
Wall Street Systems (WSS), the global treasury and capital management system provider, has launched a new module for its treasury engine to incorporate the most recent worldwide hedge accounting requirements. The new ‘hedge compliance module’ replaces…
SunGard MDS buys Fame
SunGard Market Data Services (MDS) has signed an agreement to acquire historical data and data management software vendor Fame Information Services.
Bouncing back
New frontiers
Kamakura upgrades credit default prediction software
Hawaii-based risk technology vendor Kamakura has upgraded its default probability calculation software. The company said version 3.0 of its Jarrow-Chava default probability KDP-jc is an improvement on previous models that tended to overestimate the…
Abbey National selects Algo Collateral
Abbey National has licensed Algo Collateral from Canadian risk technology provider Algorithmic. The UK bank will start implementing the technology in London immediately.
Caterpillar chooses SuperDerivatives for forex hedging
Caterpillar, the US-based manufacturer of construction machinery, has bought the SuperDerivatives system for pricing foreign exchange options.
Wells Fargo signs up to Calypso
Wells Fargo will use Calypso Technology transaction and processing software to support its interest rate derivatives trading desk in San Francisco, said Calypso and bank officials.
DTCC and Swapswire launch CDS services
technology news
Reuters adds SuperDerivatives to 3000 Xtra
Reuters has added SuperDerivatives’ currency options pricing system to its 3000 Xtra platform, as part of its efforts to boost its position in the treasury markets.
CME sees record electronic forex trades
Electronic foreign exchange trading on the Chicago Mercantile Exchange's (CME) Globex platform has exceeded 100,000 contracts a day for the first time.
HVB extends relationship with Front
Germany's HypoVereinsbank (HVB) has formed a new partnership with Front Capital Systems, the Swedish trading systems operating unit of SunGard. It will result in close collaboration between the two companies in IT development.
SwapsWire launches automated credit derivatives confirmation service
SwapsWire, the UK-based electronic trading platform backed by 23 leading international banks, has developed an automated confirmation-delivery system for credit default swaps (CDS). It believes the service should ultimately reduce processing time from…