Technology
Mark-it set to sign 12 dealers to Red in next fortnight
UK credit data company Mark-it Partners expects to sign up between 12 and 20 major credit derivatives dealers to use its credit reference entity database, Red, within the next two weeks.
Deutsche Bank to use Isaac Technology credit risk system
Deutsche Bank has signed up to use US-based Fair Isaac Blaze Decision System software to build an enterprise-wide credit decisioning and risk monitoring solution, the company announced this week.
WestLB dumps top systems for Summit
The global financial markets group of Düsseldorf-based Westdeutsche Landesbank (WestLB) has selected New York-based transaction processing technology company, Summit Systems, for a major consolidation of its systems environment. The integrated system…
TriOptima completes biggest ever swap tear-up
Swedish financial technology company TriOptima has completed the largest ever swap termination of 11,446 swaps totalling $987 billion.
IIB Bank selects SAS for Basel II credit risk compliance
Ireland-based IIB Bank, a fully owned subsidiary of KBC Bank, has licensed risk management software from North Carolina-based data management software vendor SAS to meet Basel II credit risk compliance.
Swiss Re and MMC to launch flood assessment tool
Reinsurer Swiss Re and Czech technology company MultiMedia Computer (MMC) have teamed up to develop a flood risk assessment tool for the Czech insurance market.
HSBC USA adopts Calypso for equity derivatives
HSBC Bank USA has extended its use of Calypso Technology’s trading and processing platform to include equity derivatives products.
Wall Street Systems appoints Longden
Wall Street Systems, a US provider of treasury and capital markets services, has appointed Chris Longden as regional managing director for Europe, the Middle East and Africa (EMEA). Based in London, Longden will be responsible for managing the sales and…
Union Planters picks Principia Partners’ treasury risk service
Union Planters, a US regional bank based in Memphis, Tennessee, has selected Principia Partners’ treasury risk service to manage the bank’s derivatives trading.
Wall Street Systems to offer Treasury Engine on Linux
Wall Street Systems, a US provider of treasury and capital markets services, will offer its flagship product, Treasury Engine, on the Linux operating system from September.
ABN Amro to go global with Dealstation
Dutch bank ABN Amro is planning a global debut next year for Dealstation, its white-labelled, foreign exchange trading platform, bank officials told RiskNews ' sister publication Trading Technology Week .
Prebon Yamane goes live with SwapsWire in Tokyo
Brokerage house Prebon Yamane has gone live with SwapsWire in Asia, making it the first brokerage house in Tokyo to use the system since it went live in Japan last month.
CLS to include South Korean won
CLS Bank, which operates the continuous-linked settlement service for foreign exchange, plans to include the South Korean won as a CLS-eligible currency.
Where to look
Introduction
Enter Big Brother’s bigger brother
Data monitoring
The demands of innovation
Credit data
CSFB at the edge
Profile
Front to boost product development with new hire
Front Capital Systems, a Stockholm-based operating unit of Pennsylvania-based technology company SunGard, has appointed Mats Lillienberg as chief technology officer in a bid to expand its product development.
Deutsche unveils IT 'vision' for derivatives
Deutsche Bank has started a radical overhaul of its derivatives technology that, internally, it is calling its 'vision programme’ for derivatives. The bank has now entered the first six months of an ambitious three-year programme designed to overhaul the…
Barra upgrade targets investment professionals
Barra, the Berkeley, California-based risk management technology vendor, has released a new version of its web-based risk analysis tool BarraOne, designed to make risk management more accessible to a broader range of investors.
Third-party CLS take-up slows
Take-up of the continuous-linked settlement (CLS) service by third-party banks is slowing as a result of time-consuming back-office changes and a waning sense of urgency, CLS project managers told RiskNews ' sister publication, FX Week .
Basel may advise banks on outsourcing
The Basel Committee on Banking Supervision may investigate the risks associated with outsourcing trading systems to third parties, a senior Bank for International Settlements (BIS) official told RiskNews ' sister publication, FX Week .
CMS BondEdge adopts Audit Integrity’s surveillance tool for accounting anomalies
CMS BondEdge, a provider of fixed-income portfolio analytics, has adopted Audit Integrity’s quantitative rating system, which helps evaluate a firm’s financial accounting and governance practices.
CBOT to use Rolfe’s RANorder Pro as front-end system
The Chicago Board of Trade (CBOT) has entered an agreement with UK technology company Rolfe and Nolan to use its RANorder Pro as a trading front-end system.