Technology
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.
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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.
BarCap launches first single-dealer electronic platform for euro swaps
Barclays Capital (BarCap) and Bloomberg today launched the first single-dealer online platform for trading interest rate swaps. The platform will allow BarCap’s clients to trade vanilla euro-denominated interest rate swaps across various maturities via…
Reuters sues Bloomberg over alleged FX patent infringement
US trading technology firm Bloomberg could be forced to stop using parts of its foreign exchange matching and conversational dealing technology if its UK rival Reuters succeeds in a patent infringement lawsuit.
Moody’s KMV releases RiskCalc for Korean private firms
Moody’s KMV has released RiskCalc Korea, a web-based model for estimating the probability of default or expected default frequencies (EDF) on obligations of non-financial Korean private companies.
Mizuho selects FNX for interest rate derivatives processing
Japan’s Mizuho Bank has licensed FNX’s Sierra System for use in processing interest rate futures and options.
Standard & Poor's enters portfolio risk modelling
Standard & Poor's (S&P) Risk Solutions has launched a portfolio risk tracker model. The model covers both credit and market risk, which should allow banks to calculate their economic capital and perform risk assessments across the full range of risks…
HVB’s US operations upgrade with Front Arena
HVB Americas, the US arm of Germany’s HVB Group, is upgrading to SunGard’s Front Capital Arena version 2.0, to ensure the smooth start-up of a new business in Bermuda. HVB Americas said it needed the latest product since older Arena versions were…