Technology
onExchange confirms it was bidder for Rolfe & Nolan
onExchange, the US back-office technology company, today confirmed market rumours that it made an offer to buy out UK-based financial technology company Rolfe & Nolan. Although Rolfe & Nolan rejected onExchange’s conditional, indicative offer of 85p per…
Lehman's prime brokerage to offer clients RiskMetrics tools online
Lehman Brothers' global prime brokerage unit will offer RiskMetrics' RiskManager tool to hedge funds, fund of funds and investors via its website, LehmanLive. The RiskManager service features value-at-risk, stress testing and 'what-if' scenario…
Daiwa signs up to use Reech Capital's valuation services
Dublin-based fund administrator, Daiwa Securities Trust and Banking (Europe), has signed a deal with Reech Capital, the London-based risk management technology company, to provide it with regular mark-to-market valuations of the over-the-counter (OTC)…
Merrill Lynch takes Fenics
Merrill Lynch today said it will deploy the Fenics FX options pricing software from New York-based broker and vendor GFI Group in 100 global positions. Fenics replaces Merrill’s existing in-house pricing platform for FX options.
Mexican central bank signs up to OpenLink
Banco de Mexico, the central bank of Mexico, has signed up for OpenLink’s Findur solution to integrate its front-, middle- and back-office functions. OpenLink is a New York-based trading and risk management software company.
Drilling company Transocean to use SunGard’s Quantum
Houston-headquartered offshore drilling contractor, Transocean, plans to install Pennsylvania-based SunGard’s Quantum treasury management system.
SunGard and Miac to offer integrated mortgage risk management software
SunGard Trading and Risk Systems, a unit of Pennsylvania-based SunGard, has formed a strategic alliance with New York-based Mortgage Industry Advisory Company (Miac) to develop software that provides treasury departments and mortgage banking units with…
Fidelity rolls out Fix for fixed income
Fidelity Investments - a financial information exchange (Fix) pioneer for equities trading - is extending the connectivity protocol to support fixed-income trading for sell-side counterparties.
Summit releases upgrade to STP suite
Summit Systems, a risk systems and technology vendor headquartered in New York, has released version 3.4 of its Summit straight-through processing modular front- to back-office product suite.
Bearing fruit
Introduction
Bank One updates technology to boost derivatives
Bank One is hoping to expand its global interest rate derivatives trading business by replacing decade-old customised trading software with new off-the-shelf technology.
The power to survive
Energy trading technology
A moving target
Op risk systems
Twist and doubts
Trading standards
Knitting together bank risks
Enterprise-wide risk management
A reality at last
CLS Bank
Arrogance and aftershocks
Software consolidation
Synergy snaps up Cor Risk solution for investment strategy management
Toronto-based Synergy Asset Management (Synergy) has implemented a risk portfolio management tool from London-based software analytics Cor Risk Solutions. Synergy said it has licensed Bita Research and Bits Risk Modeller to support its investment…
FT Interactive Data adds CreditGrades to BondEdge
FT Interactive Data, a provider of securities prices and analytical software, has combined credit risk measurement tools from software provider RiskMetrics to its flagship fixed-income portfolio analysis tool, BondEdge.
Bear Stearns implements new back-office derivatives system
London-based derivatives technology company Rolfe & Nolan has implemented new reconciliation and task management systems for futures and options processing at investment bank Bear Stearns.
Electronic trading development remains stable, says BMA
A new survey by the New York-based Bond Market Association (BMA) has found 81 electronic trading systems currently operating in the US and Europe versus 79 last year, indicating some stability in the e-trading arena.
Rolfe & Nolan receives bid approach
Rolfe & Nolan, the London-based derivatives technology company, has confirmed that it has received a bid approach. Credit Lyonnais is acting on behalf of the vendor.
GFI and Lombard launch credit derivatives mark-to-market partnership
Inter-dealer broker GFI said today it has formed a new credit derivatives pricing alliance with Lombard Risk Systems, a London-based risk management technology company.
Astin selects Reech for hedge fund risk monitoring
Astin Capital Management, an independent UK hedge fund manager, has selected London-based financial software provider Reech Capital to provide its risk monitoring service.