Technology
Isda seeks industry help to develop FpML for credit derivatives
The International Swaps and Derivatives Association (Isda) is seeking industry help to set up a working group to develop financial products mark-up language (FpML) for credit derivatives. FpML, a computer protocol, was built to promote the electronic…
WRMA launches electronic trading standard
The Weather Risk Management Association (WRMA), a global industry body promoting weather derivatives, launched its extensible mark-up language trading protocol, WXML, on Friday following a two-year development process.
Fame and Xenomorph in data link-up
New York-based data provider Fame has teamed up with London-based data storage company Xenomorph to offer a product link-up to equity derivatives dealers.
RiskMetrics launches CreditGrades
Credit tech
Dealers blast multi-bank FX portals
The future looks bleak for the remaining multi-bank foreign exchange trading portals, according to delegates at the sixth annual ACI European Congress in Luxembourg last week.
Leading electronic swaps brokerages iFox and atenX to merge
Rival European electronic money market derivatives brokerages atenX and iFox are merging to form ATFox.
Kamakura upgrades key risk management system
Honolulu-based Kamakura, a risk management technology company, has released KRM Version 4.0, the latest version of its integrated risk management solution that includes important new credit facilities.
Futuresource to use Kdb for commodities database
Futuresource, a US provider of commodities and foreign exchange cash, futures and options data, will use Kx Systems’ Kdb database for its new scalable tick commodities database. The database is scheduled to begin rolling out mid-year, with implementation…
Goldman Sachs seeks to boost CDO transparency
Goldman Sachs is seeking to improve collateralised debt obligation (CDO) market transparency by making the proprietary models for cashflow CDOs it underwrites available to all subscribers of Intex CDO analytics. Intex is a widely used electronic database…
Island tie-up may give Instinet push to upgrade technology
The rumoured tie-up between electronic communication networks (ECNs) Instinet and Island could give 83% Reuters-owned Instinet the impetus it needs to upgrade its equities trading platform technology, parts of which are almost 20 years old.
RiskMetrics to provide credit data for risk managers
New York-based financial analytics company RiskMetrics, is to integrate benchmark and historical data from CreditTrade, the credit derivatives transaction, data and information services provider, into its DataMetrics product.
Chinese fund adopts Askari
Guotai Fund Management, a China-based fund manager with $900 million in assets, has adopted Askari’s TruView risk management system as part of it internal risk management upgrade.
FXall hooks up 11 more liquidity providers
FXall has integrated 11 more liquity providers to its online foreign exchange portal, taking its total to 34.
The Impact of Basle II on the Dealing Community
Overlook the implications of Basle II at your peril, says Garfield Hayes, head of marketing communications at Wall Street Systems.
CreditGrades launches with three backers
Deutsche Bank and Goldman Sachs have joined JP Morgan as backers of CreditGrades, an online equity-based model that assesses the credit quality of publicly traded companies.
Icap beefs-up Fra-Cross staff to meet demand
UK interdealer broker Icap has added new staff for its electronic forward rate agreement (FRA) matching system Fra-Cross, as volumes and demand from banks increase. It has signed up more than 30 banks for Fra-Cross, and the number of transactions per run…
Application Networks comes out from shadows
Application Networks, a software provider specialising in software for leading capital market firms, has announced its first Wall Street customer.
Isda seeks development help on FpML for exotic equities
The International Swaps and Derivatives Association has appealed for help from the industry in its attempt to extend the Financial products Markup Language (FpML) to exotic equity derivatives.
XBRL promotes transparency
Credit tech
Wall Street Systems offers rates module
Wall Street Systems has released an interest rate derivatives (IRD) module, which supports traditional analytic models as well as multiple-term structure models such as Black-Derman-Toy, Hull-White and Black-Karasinksi.
Citi and JPMC days away from FX Connect integration
The integration of Citigroup and JP Morgan Chase on State Street's FX Connect is only days away, said Simon Wilson-Taylor, managing director of Global Link.
GFI unveils Fenics 2002 upgrade
Interdealer broker GFI today unveiled details of enhancements to its Fenics options pricing system, which is used by an estimated 85% of global options dealers.
Algorithmics charts new business strategy
Ron Dembo, founder and chief executive officer of risk management systems provider Algorithmics, has said that within a few years, one third of Algorithmics’ revenue could come from the company’s new alliance with Bloomberg, announced in January…
HVB invests in equity trading with Front
Hypovereinsbank (HVB), the German private sector bank, has extended its agreement with Stockholm-based trading technology providers Front Capital Systems, an operating unit of SunGard Trading Systems. HVB will implement Front Arena globally for its…