Technology
Korea's SK Life acquires Kamakura market risk system
SK Life Insurance, one of South Korea's largest life insurance companies, has licensed Honolulu-based risk management technology firm Kamakura's market risk system, Kamakura Risk Manager. The deal marks the 10th Korean client for Kamakura.
Calypso hooks up with DataSynapse
San Francisco-based software provider, Calypso Technology, has teamed up with New York-based technology vendor DataSynapse, to market the integration of the grid-computing capability of DataSynapse’s LiveCluster computer infrastructure product with the…
Kamakura upgrades key risk management system.
Kamakura, a Honolulu-based risk management technology company, has released a new version of Kamakura Risk Manager (KRM), its integrated risk management application.
Macau's central bank signs up to Financial Objects
The Monetary Authority of Macau (AMCM), the central bank of the Chinese Special Administrative Region (SAR) of Macau, has adopted UK-based software company Financial Objects' activebank=B2 system to support its banking operations.
Wing Hang signs China risk systems deal with Reuters
Wing Hang Bank, a medium-sized Hong Kong bank, has signed an agreement with Reuters to provide a front-office trade capture and risk management system plus a back-office trade processing system across its treasury business in mainland China.
Bank of Finland to upgrade risk systems with Trema
The Bank of Finland will replace its mainframe and proprietary foreign exchange reserves, monetary policy and customer payments systems with an off-the-shelf service provided by Stockholm-based Trema.
ISE introduces ISEspreads function
The International Securities Exchange (ISE), the second biggest options exchange in the US, has implemented ISEspreads, a new trading system function that automatically executes complex options orders.
Fix for fixed-income uptake remains slow
Buy-side firms are continuing their ‘wait-and-see’ approach when it comes to implementing the Fix protocol to support their fixed-income businesses, according to Fix Protocol Limited (FPL).
Maple Leaf debuts with Sophis and TradingScreen risk management product
Maple Leaf Capital, a hedge fund based in London, has signed up to use an integrated risk management system developed by Paris-based risk management systems provider Sophis and TradingScreen, a supplier of connectivity for asset managers, located in…
Goldman to introduce single data portal
Goldman Sachs plans to replace its Financial Workbench fixed-income research portal with a new system that will centralise data and research from across the bank for buy-side and corporate clients in the coming months.
GNI to replace Algo RiskWatch with SunGard Panorama
GNI Fund Management (GNI FM), a London-based fund of hedge funds with about $550 million of assets under management, started its implementation of SunGard Trading and Risk Systems’ Panorama platform early this month. The system is scheduled to go live at…
Trayport offers swaps as part of updated brokerage system
London-based trading software vendor Trayport has launched the latest version of Global Vision, which includes support for foreign exchange forwards, repo, interest rate swaps and credit derivatives.
SunGard alleges Algo has used its confidential information
In a bizarre twist, US-based technology services company, SunGard, has responded to legal action by Algorithmics regarding its alleged use of Algorithmics' confidential information, by claiming its Canadian rival has used confidential information…
Fitch upgrades OpVar tool for operational risk
Fitch Risk Management has added a range of new services to its OpVar software suite, an operational risk management quantification tool. Version 5.0, scheduled for release in March, now offers an enhanced data collection module and improved data…
SunGard releases intranet version of Account Risk Module
SunGard Futures Systems, a division of US-based technology company SunGard, has released a new intranet version of its Account Risk Module (ARM), an account risk assessment tool designed for use with its GMI system for listed derivatives processing. GMI…
Front and Evolution formalise co-marketing agreement
Front Capital Systems, a provider of risk management technology, and UK consultancy firm Evolution today formalised an agreement to market each other's products.
GFI outsources non-core software development offshore
Inter-dealer broker and technology developer GFI has launched a pilot project to explore the opportunities of moving some of its IT development offshore. The move largely applies to non-core development work.
A clear market leader
How will SunGard’s acquisition of rival vendor Caminus change the market for energy risk management software? Kevin Foster reports
Kiodex adds forex capability to energy trading platform
Kiodex, a New York-based energy risk management technology company, has released an updated version of its flagship web-based platform, the Kiodex Risk Workbench. Enhancements include a foreign exchange risk management module, new value-at-risk and…
Egar fends off competitors to grab Sberbank risk management contract
The Savings Bank of the Russian Federation (Sberbank), Russia's largest bank, has selected Egar Technology’s Focus product for its trading, treasury, operations and risk management needs. Egar Technology, a New York-based supplier of trading and risk…
SuperDerivatives reaches out to buy-side with new interface
SuperDerivatives, a London-based company offering pricing systems for currency options, has added a ‘buy-side’ interface for its currency options pricing system.
RBC signs up to GFI forex option pricing system
RBC Capital Markets, the corporate and investment banking arm of Canada's RBC Financial Group, has signed up to use the Fenics FX system of New York-based broker and technology provider GFI, for its foreign exchange options marketing.
Zelengora licenses Javelin’s FixBox
London-based hedge fund Zelengora Capital Management is due to roll out Javelin Technologies’ FixBox product this month, which will allow the convertible arbitrage fund to send and receive trade instructions and confirmations via an Excel spreadsheet.
International Bank of Taipei upgrades reconciliation process
International Bank of Taipei (IBT) plans to automate its nostro reconciliation process to improve its operational risk by deploying SmartStream Technologies’ Corona transaction management solution.