Technology
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
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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.
Mark-it signs up 16 credit derivatives houses
UK credit data company Mark-it Partners said today that it has signed up 16 of the largest credit derivatives houses to use its credit reference entity database, Red.
Isda and Fix join forces
The International Swaps and Derivatives Association and messaging service provider Fix Protocol have formed a joint working group to share information on the development of their respective FpML and Fix messaging standards.
Nissan Motor takes Reuters risk system
Japanese car manufacturer Nissan Motor has bought Reuters’ Kondor trade-processing risk and trade management product, Kondor+.
Kyte Group snaps up Ubitrade derivatives system
The Kyte Group, a London-based financial services group, has bought a futures and options back-office system from Ubitrade, a French trading and risk management software company.
Moody’s KMV upgrades portfolio management tool
San Francisco-based quantitative credit analytics firm, Moody’s KMV, a subsidiary of Moody's Corporation, has updated its portfolio manager tool. The upgrade will give portfolio and risk managers at banks, insurance companies and asset management firms…
PNC selects SunGard asset/liability tool
Pennsylvania-based PNC Financial Services Group (PNC) is set to implement SunGard Trading and Risk Management's BancWare Convergence product for asset/liability and balance-sheet management.
IBM rolls out SuperDerivatives for currency options
IBM has signed a multi-licence contract with London-based foreign exchange pricing company SuperDerivatives. The company will roll out the SuperDerivatives pricing system for currency options to the IT company's treasury team based in Armonk, New York.
Summit markets new porfolio product
New York-based transaction processing technology company, Summit Systems, has started to aggressively market its new portfolio processing product, Summit FT. The web-based product offers instant delivery of real-time information across a range of primary…
Derivatech wins first options risk software deal in China
Bank of China has licensed FX options software from US-based vendor Derivatech, in what marks the country’s first forex risk management software deal.
Bank of Bermuda selects Reech FastVal for derivatives valuation
The Bank of Bermuda has selected Reech FastVal for its global fund services (GFS) division, which provides fund administration services to the alternative funds industry. Reech FastVal will be used to provide independent valuation or validation of the…
Icap extends use of Kalahari software
Inter-dealer broker Icap has extended its use of pricing software company Kalahari’s derivatives pricing system ‘Kace’ to its Singapore, Hong Kong and Sydney offices.
Ontario Teachers’ Pension Plan licenses credit risk software from Kamakura
Ontario Teachers’ Pension Plan, Canada’s second largest pension fund, has licensed credit risk modelling software from Honolulu-based Kamakura.
BTM expands use of forex pricing system in Japan
The Bank of Tokyo-Mitsubishi (BTM) has extended its use of financial software company Cognotec’s online foreign exchange trading system in Japan.
System-ready for Sarbanes-Oxley
Energy companies are not alone in having to review their operations to comply with the Sarbanes-Oxley Act. Energy software suppliers, too, are looking at their systems, although most are confident they are already well prepared, finds Clive Davidson
Lloyds TSB selects SAS to manage risk
UK financial services group Lloyds TSB has installed banking risk management software from SAS, a North Carolina-based data management software vendor. The technology will help the bank to meet Basel II credit risk compliance and further automate its…
Laying the Trac-x
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