Technology
Danske Bank selects Algo Collateral
Denmark’s Danske Bank has implemented Algo Collateral from Toronto-based risk management software provider, Algorithmics, to support the expansion of its margining activities and collateralised counterparties.
Summit to offer multi-asset exotics pricing
New York-based trading technology provider Summit Systems, a unit of the UK’s Misys, has developed a multi-asset derivatives pricing capability due for roll-out with version 3.5 of its flagship front-end trading system within the next two to three months.
Fra-Cross to use SwapsWire for electronic confirmation
Fra-Cross, the matching service developed by inter-dealer broker Icap for crossing forward rate agreements (FRAs) used to manage reset risk, is to use SwapsWire to confirm electronically matched trades.
SunGard upgrades Monis Convertibles with new credit hedging tools
SunGard Trading and Risk Systems, an operating unit of SunGard, has added a credit hedging module to version 5.0 of Monis' Convertibles XL 5.0, the latest version of its spreadsheet-based pricing, analysis and hedging software for convertible bonds and…
Reveleus launches Basel II package
Boston-based financial analytics company, Reveleus, has launched a Basel II software product suite for enterprise risk management and compliance with the forthcoming capital regulations as specified by the Bank for International Settlements (BIS).
Discovery becomes first US asset management client for Trema
Discovery Capital Management, a multi-asset-class emerging market hedge fund with $900 million in assets under management, has introduced Trema Finance Kit, a straight-through processing portfolio analysis, accounting and reporting tool.
ABN Amro selects SunGard’s Credient
ABN Amro has signed up to use SunGard Trading and Risk Systems’ credit portfolio analysis and counterparty exposure tracking system, Credient, for global credit risk management and control. The Dutch bank will use Credient for trading portfolio credit…
JP Morgan Chase launches Credit Navigator for relative-value credit trading
JP Morgan Chase has launched its Credit Navigator product, an analytical tool designed to identify relative-value opportunities in the credit markets.
Mizuho takes FNX for foreign exchange options
Mizuho Tokyo has upgraded to release 4.4 of FNX’s Sierra System for FX options trading. The new release has faster algorithms and architecture to accommodate Mizuho’s high volumes, FNX said.
DataSynapse adds IBM functionality
New York-based technology vendor DataSynapse has expanded its LiveCluster service that provides on demand computing power to be able to use IBM’s eServer zSeries mainframe computers.
CBOT signs on for Radianz services
The Chicago Board of Trade (CBOT) has signed a three-year deal with Radianz to provide an outsourced IP network to deliver its real-time data, CBOT and Radianz officials say.
Principia expands its credit functionality
Principia Partners, a Jersey City-based risk management technology vendor, said it has enhanced the credit derivatives capability of its Principia System front- to back-office product.
SAS launches new risk management practice in the UK
SAS, a North Carolina-based risk technology and analytics company, has set up a new UK risk management practice for enterprise risk services. It will focus on helping organisations in the financial services and energy sectors identify and understand…
Sophis updates buy-side software
Sophis, a risk management technology vendor based in Paris, has released Value v2.0, a new version of its product for buy-side insitutions.
Barra to lay off 9% of workforce
Barra, the Berkeley, California-based risk management technology vendor, is to reduce its workforce by approximately 9%, from 519 employees to 470 employees worldwide.
Risk Europe 2003: Reuters signs deal with NumeriX for exotic derivatives libraries
Reuters has signed a deal with NumeriX, the US derivatives analytics company, to offer a suite of exotic derivatives pricing libraries for customers of its Kondor+ flagship risk management system. The deal was unveiled at Risk 's eighth annual Risk…
NumeriX enhanced to support more complex credit products
US analytics company NumeriX has enhanced its core analytics toolkit and engine to meet demand from a rapidly evolving credit derivatives market. The modifications will allow users to model, price and manage the risk of a broad range of sophisticated…
Reuters and IBM team up in Asia-Pacific
Reuters has teamed up with IBM Financial Services to offer risk management systems and consulting services to small and medium sized financial institutions in Asia-Pacific.
Thomson Financial releases new 'Vestek' risk model
Canadian information and technology provider Thomson Financial has released its 'Vestek Fundamental Risk Model', which is designed to identify the sources and size of portfolio risks.
RiskMetrics acquires on-line technology from JP Morgan Chase Private Banking
New York-based risk technology vendor RiskMetrics has acquired Arrakis, the technology platform developed by JP Morgan’s Private Banking Group in 1999 to support the bank’s online site for clients, Morgan OnLine.
Tech glitch strikes CLS
The failed settlement of more than 20,000 Australian dollar and yen trades on the continuous-linked settlement (CLS) service last week was caused by multiple technical faults, senior CLS officials said.
CBA to use Fenics FX for options trading on worldwide basis
The Commonwealth Bank of Australia (CBA) has employed New York-headquartered GFI Group’s Fenics FX system as its global standard foreign exchange options pricing and analysis tool. The bank will deploy the system as the standard interface in all of its…
Tullett signs up to SwapsWire
Inter-dealer broker Tullett today said it has joined the industry-backed electronic platform SwapsWire to provide its interest rate derivatives clients with straight-through-processing (STP) capabilities. SwapsWire, built by a consortium of 23…
KMV enhances Portfolio Manager analytics
Moody's KMV, a provider of quantitative credit risk tools to investors and corporations, has added its LossCalc model to its Portfolio Manager risk management product. LossCalc is used to determine the risk and return characteristics of portfolios of…