Technology
CDC Ixis AM selects Riskdata for hedge fund risk management
CDC Ixis Asset Management, the asset management arm of French investment bank CDC Ixis, has bought Riskdata's HEDGiX service to help manage its alternative investment portfolio.
Bear Stearns joins rush to sign with Mark-it
US investment bank Bear Stearns has signed an agreement to use data supplied by UK credit data provider Mark-It Partners. It is the latest in a stream of major financial institutions to sign up for the service.
Patsystems moves into forex trading
UK-based trading technology vendor Patsystems will expand into foreign exchange trading through a deal reached with IFX Markets. The British companies will develop an interface that will allow traders on Patsystems’ trading platform to connect directly…
Mark-it snares first French contributor
Mark-it Partners, a UK company providing daily pricing information on credit derivatives and cash credit instruments, has signed up French bank Credit Agricole Indosuez (CAI), its first French client.
Singapore’s OCBC signs technology deal with FSS
Oversea-Chinese Banking Corporation (OCBC), the Singapore-based financial services group, has entered an agreement with Financial Software Systems (FSS) for its foreign exchange margin trading business.
KWI unveils new energy risk system
KWI, the London-based energy risk technology company, today unveiled a newly developed suite of applications for multi-commodity trading and risk management. The system, known as K2, will replace KWI’s previous flagship product kW3000.
Rabobank to implement SunGard credit risk software
Rabobank will implement Credient MC2, a credit risk measurement package owned by SunGard Trading and Risk Systems, as a cheaper alternative than investing in a new credit system infrastructure.
iBoxx, RiskMetrics launch $ indices
technology news
JP Morgan Chase to spend over $100 million on new credit risk system
The executive committee of JP Morgan Chase has “essentially approved” a budget in excess of $100 million to be spent on creating a new integrated credit risk management system, according to Dennis Oakley, a managing director in the firm’s credit…
Sumitomo Corporation installs FNX’s Sierra
Japan’s Sumitomo Corporation has installed FNX’s Sierra System to support its strategy of complete straight-through processing (STP) for its commodities, exchange-traded products and swap-trading operations.
Refco signs up as non-bank member to JP Morgan Chase’s CLS service
Refco Capital Markets has selected JP Morgan Chase as its provider of continuous-linked settlement (CLS) services.
SunGard to offer integrated energy risk system
SunGard Energy Systems, an operating group of Pennsylvania-based SunGard, plans to offer a single integrated suite of energy risk and trading systems called Entegrate.
Deutsche adds e-options
Deutsche Bank will go live with foreign exchange options on its autobahnFX trading platform in January, in response to client demand, a bank official told RiskNews ' sister publication FX Week .
Fame extends data coverage of North American gas and power markets
Data technology software provider Fame has added IntercontinentalExchange (Ice) North American gas and power indexes to its software products.
Luminary Capital Management goes live with FNX risk system
New York-based Luminary Capital Management, a global macro hedge fund, has gone live with technology provider FNX’s Sierra trade management system.
CLS impact 'neutral' for RTGS systems
The introduction of the continuous-linked settlement service (CLS) for foreign exchange has had little effect on flows and liquidity on real-time gross settlement systems (RTGS), according to the latest Bank of England (BoE) quarterly bulletin.
Getting it together
Data consolidation is now a vital foundation to any successful risk management implementation, as Dave Rose and Stuart Cook of The Structure Group report
Countdown to Basel II
Operational risk
BarCap launches online metals trading
Barclays Capital, the investment banking division of UK bank Barclays, has launched an online base and precious metals trading platform.
DrKW broadens its horizons
technology news
Set for growth
Comment
FNX adds real-time portfolio risk monitoring
Risk technology company FNX has added a real-time ‘treasury blotter’ to measure portfolio risk to its Sierra risk system.
Xenomorph adds pricing models to TimeScape
London-based Xenomorph has integrated pricing models for more than 150 asset classes into TimeScape, its four-month-old enterprise data management and analysis suite.