News/Technology
DSTi forms trading alliance with SunGard
DST International (DSTi), an order-processing provider to the fund management industry, has formed a strategic alliance with SunGard Trading Systems that will allow fund managers to fully integrate DSTi's portfolio management services with SunGard's…
eAcumen launches weather risk platform
San Francisco-based risk technology firm, eAcumen, has launched the core module of WeatherBook, a quantitative weather risk management platform that prices weather derivatives and simulated portfolios using a proprietary simulation algorithm.
CLS hit by yet more set-backs
CLS (Continuous Linked Settlement) Bank, a financial industry initiative established to mitigate settlement risk in the foreign exchange market, has been forced to once again delay the launch of its service. The latest estimate for the start of CLS…
Indian banks move to upgrade risk technology
A number of Indian banks have been upgrading their risk technology in a bid to meet Reserve Bank of India (RBI) guidelines on prudent risk management practices issued in 1999.
Attacks emphasise need for continuity planning
The terrorist attacks on the World Trade Center on September 11 proved the value of business continuity plans and disaster recovery centres. Much of Wall Street has been able to conduct business with some semblance of normality, although firms like…
Largest Greek bank deploys risk technology
The National Bank of Greece (NBG), Greece’s largest financial institution, has decided to deploy Algorithmics’ Risk Watch application as an enterprise-wide risk management system in an effort to better manage credit and liquidity risks, and capital…
Twist publishes new FX standard and adds members
Twist (the treasury workstation integration standards team), an industry initiative set up to standardise integration between treasury and FX systems, has published the second version of its FX interface standard.
Rolfe & Nolan removes Lodge as CEO
UK derivatives systems vendor Rolfe & Nolan has ousted its chief executive officer, John Lodge, as part of an effort to boost confidence among its customers and shareholders. The company, which has seen its share price plunge over the past two years,…
DrKW offers real-time capability on ops/tracker service
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has made new real-time functionality available on ops/tracker, its online settlements enquiry tool.
Daiwa invests in Ubitrade STP system for derivatives
Daiwa Securities has agreed a deal with French solutions provider Ubitrade to install a straight-through-processing (STP) system for derivatives in its London office.
FXall gains Hong Kong regulator approval
FXall, the bank consortium-owned online portal for global foreign exchange trading, will open a representative office in Hong Kong, following approval to operate as a money broker in the city from the Hong Kong Monetary Authority (HKMA). The office, to…
Icor teams with Reuters to deliver FX options
Icor Brokerage has formed a 50:50 venture with international dealing systems provider Reuters to deliver its FX options broking service, and in one swoop dismissed suggestions that the company faced problems raising cash.
Patsystems looks to exploit single stock futures
Patsytems, a developer of electronic platforms, has launched a new product connectivity for the trading of single stock futures (SSF).
New FIX specs raise challenge to FpML
A new FIX (Financial Information eXchange) specification, version 4.3, has been released that can support fixed income and collective investment vehicles like mutual funds and unit trusts, plus offer more comprehensive coverage for general derivative,…
S&P nails exclusive Default Filter deal with IQ Financial
International credit rating agency Standard and Poor’s (S&P) has signed an exclusive deal to use IQ Financial Systems’ Default Filter product in the Asia Pacific region. S&P will be able to apply the default filter engine to its own credit risk…
Isda in bid to shift master agreements online
The International Swaps and Derivatives Association (Isda) has signed a deal with online negotiations software provider Beachfire to allow over-the-counter (OTC) derivatives master agreements to be negotiated online.
Alliant Energy to use KWI
Wisconsin-based energy services provider Alliant Energy is to implement trading and risk management tools provided by Houston-based software firm KWI.
MTS dealer-to-client platform BondVision debuts
Italian inter-dealer broker MTS has started trading on its internet dealer-to-client trading platform BondVision, with Eur248 million of government and agency securities traded yesterday. Average deals were Eur20 million, which EuroMTS deputy chief…
RMS adds Japan and Germany to weather system
Risk Management Solutions (RMS), the California-based provider of products and services for the management of natural hazard risks, has added Japanese and German temperature data to its Climetrix weather derivatives trading and risk management system.
MBRM offers options on convertible bonds
Derivatives software firm MB Risk Management (MBRM) is to offer an online capability to price and risk-manage options on convertible bonds as a new feature to its Universal Convertibles Add-ins.
eSpeed boosts intellectual property portfolio
Cantor Fitzgerald spin-off eSpeed has stepped up its efforts to gain a competitive edge by purchasing the Lawrence patent, which protects the electronic bid-wanted auction model used by eSpeed and several of its competitors for trading municipal bonds…
Barclays Global Investors installs BlackRock's Aladdin
Barclays Global Investors (BGI) has enlisted BlackRock Solutions' Aladdin enterprise investment system for its fixed-income risk analytics and processing. The investment arm of the UK’s Barclays Bank went live with Aladdin for domestic active fixed…
TT becomes latest service provider casualty
Trading Technologies (TT), a multi-market trading screen technology provider for exchange-traded derivatives, has become the latest casualty of the global economic slowdown, and has unveiled restructuring plans that included 37 job losses and the closure…