Technology
SwapsWire claims ‘imminent’ launch after tech delays
SwapsWire, a consortium-owned interdealer interest rate derivatives trading system, says it has overcome a raft of technology problems that delayed its launch. It hopes to go live "imminently" with most of its 23 shareholders, but did not offer a…
Trading software: tailored to maturity
It is critical that an energy company looking to acquire risk management and trading software be aware of its current as well as future needs. By Fred Cohen and Satyan Malhotra
Icor sees a trade a day in first week
Icor Brokerage, an over-the-counter electronic forex options trading platform, has seen a trade a day since it was finally launched in Asia on January 16 – more than a year after its initial schedule.
Omgeo expands straight-through processing service
Omgeo, the global trade management services provider, said 17 firms had signed up to its global straight-through processing platform, Omgeo Central Trade Manager (CTM), a central matching product for domestic and cross-border trades.
SunGard offers risk analysis for STN users
SunGard Trading and Risk Systems, a unit of US financial services supplier SunGard, will offer users of SunGard Transaction Network (STN) Treasury - an online trading platform for forex and money markets - on-demand risk analysis and reporting through…
Patsystems to renegotiate connectivity contracts
Patsystems, the London-based independent software vendor (ISV), will renegotiate a 'substantial' number of unprofitable contracts with clients in its latest strategic review.
Icor launches electronic options broking
Icor Brokerage has launched its online brokerage service for forex options in the Asia-Pacific region, where 14 banks are already hooked up to trade over the system. Six additional Asian banks are set to go live next month.
Forex spot and futures platform EBS Trader goes live
The EBS Partnership today goes live with EBS Trader, its internet-delivered conversational direct-dealing system for spot and forwards foreign exchange, company officials told RiskNews ' sister publication FX Week . The service will compete directly with…
Union Pacific to use Kiodex for fuel risk management
Union Pacific Railroad, a subsidiary of major American transportation company Union Pacific Corporation, has selected Kiodex Risk Workbench to manage its earnings exposure to energy price risk.
Reech joins the ASP rush to target hedge funds
UK-based Reech Capital has joined the growing number of firms targeting the hedge fund industry with application service provider (ASP) financial services instruments, by unveiling a new Web-delivered risk management product.
Cognotec in Digital Island deal to boost online performance
Foreign exchange and money-market trading software provider Cognotec has teamed with Digital Island, the San Francisco-based communication infrastructure specialist, to improve online performance. The agreement involves Dublin-based Cognotec…
Bundesbank goes live with new FX reserves system
The Bundesbank - Germany’s central bank - has gone live with a new electronic system for managing foreign currency reserves that should improve risk management.
KBC selects SunGard for securities processing
KBC has selected intelliMATCH from SunGard eProcess Intelligence, an operating unit of US financial services IT provider SunGard, for matching and reconciliating trades.
SFE pays US$28 million for OM technology
The Sydney Futures Exchange (SFE) entered a US$28 million, eight-year agreement on Friday to outsource its core clearing technology and operational support functions to Swedish technology vendor OM. The agreement includes US$5 million in capital costs…
Finland’s Oko Bank selects Misys for OTC derivatives
Oko Bank, the central bank for Finland’s co-operative banking community, will extend its use of London-based Misys International Banking Systems’ Opics solution to cover regulated and over-the-counter (OTC) derivatives activities.
Smartstream launches ETC application
Smartstream Technologies, the London-based provider of reconciliation and trade confirmation management solutions, plans to let fund managers create electronic notification of trade execution through its latest electronic trade confirmation (ETC) module,…
Innogy subsidiary to use kW3000 risk management tool
Npower Northern Limited, a subsidiary of energy supplier Innogy, has chosen to use London-based KWI's kW3000 trading and risk management product.
Temenos signs new contracts with Mellon, TIB and Techcom
Swiss-based financial services vendor, Temenos, has signed US-based Mellon Financial Corporation, Russia's Trust and Investment Bank (TIB) and Vietnam-based Techcom Bank to roll out its integrated banking software suite, Globus.
Oil giants look to gas and power trading
Despite the fall of energy trader Enron, Shell and BP are both seeking to develop their wholesale trading side, and have selected Tibco’s systems to help them do so. By Don Stowers
Currenex and XRT unveil joint venture
Currenex, the online global currency exchange, and French-based financial services vendor, XRT, have agreed a deal that will see Currenex integrate its online forex platform with XRT’s collaborative treasury management (CTM) solutions.
Schroders goes the Globus route with Temenos
UK-headquartered Schroders Private Bank, a subsidiary of the Schroder Group, plans to roll out Globus, an integrated financial services application developed by Swiss-based software vendor, Temenos.
Deutsche, UBS Warburg back Rolfe & Nolan
Deutsche Bank and UBS Warburg have agreed to fund the development of the first two modules of Rolfe & Nolan's much-awaited Merlin software suite in return for long-term licensing agreements.
Raft posts loss as deal flow fails to materialise
AIM-listed risk management technology supplier, Raft, has made a loss of £826,000 for its financial year, a result said to be well below city expectations. The previous year's results had showed a profit of £171,000.
Swift moves a step closer to STP
Swift, the industry-owned provider of messaging services and interface software to over 7,000 financial institutions, has teamed with Financial Fusion and Global Crossing to provide a FIX hub messaging application to the securities industry. The move…