Risk magazine/News
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…
JP Morgan Chase pushes use of credit derivatives to enhance returns
JP Morgan Chase plans to give a number of presentations to asset managers to encourage them to use credit derivatives to enhance returns.
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.
Nasdaq launches European tracker ETF
The Nasdaq Stock Market has launched a Nasdaq-100 European Tracker, an exchange-traded fund (ETF), on the Nasdaq Europe exchange today under the symbol EQQQ. The fund is designed to follow the Nasdaq 100 index and is composed of the top hundred non…
Deutsche Bank seeks plays on EU convergence
Deutsche Bank has launched a Central European foreign exchange (CEFX) convergence index designed to provide optimally weighted risk/return exposure to the Polish, Hungarian, Czech and Slovakian currencies. The index is tradable as a spot currency, with…
FXall adds liquidity providers
FXall will announce the addition of four new liquidity providers to its platform today, the multi-bank trading portal told RiskNews ’ sister publication FX Week .
Polling starts on Risk and EPRM’s 2003 energy and commodity rankings
Risk magazine and sister publication Energy & Power Risk Management (EPRM) today began polling for their 2003 energy and commodity rankings.
Danske restructures FX sales
Danske Bank has reorganised its forex sales team in London into separate units for corporate and institutional customers.
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.
Robeco to offer new equity derivatives-based fund
Dutch asset manager Robeco plans to launch a second guaranteed fund product that uses equity derivatives.
Coupon clamp-down on Italian retail products
The Banca d’Italia is considering a plan to cap coupon payments on structured investment products targeted at retail investors, according to market sources. Coupons would be limited to no more than double the one-year Euribor rate, which currently stands…
Japan follows US in holiday mood
Trading in Japan’s credit default swap market remained subdued throughout the week, because of Thursday’s Thanksgiving holiday in the US and a general month-end slow down in activity.
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…
Europe sees low trading volumes in credit derivatives following US holiday
Trading volumes in the European credit default swap market have dissipated towards the end of the week, following yesterday’s holiday in the US. Spreads remain tight with muted reaction to negative news on particular credits, including Munich Re’s poor…
French credit derivatives trade rules relaxed
Credit derivatives dealers are in line to win more business from French fund managers after the country’s regulator today ruled that trading restraints are to be liberalised.
Icap sees 30% profits increase
Inter-dealer broker Icap has increased its interim pre-tax profits by 30% to £58.2 million, thanks to longer-term interest rate and credit volatility, the company reported.
More insurers to outsource says Swiss Re
Insurance companies are increasingly turning to outsourcing of their asset management operations to manage risks and improve returns, according to Swiss Re.
Swiss banks low risk but face market saturation, says Moody's
The two-tiered Swiss banking system, split between global giants Credit Suisse Group (CGS) and UBS at one level and smaller regional and private banks at another, continues to exhibit comparatively low risk levels, said Moody’s in a report on Swiss banks…
Lazard Asset Management appoints ex derivatives strategist head of fixed income
Lazard Asset Management has appointed Steven Blitz as head of global fixed income. He joins from wealth management group Offitbank and was previously a derivatives product strategist at Salomon Brothers.
Merrill Lynch in drive to promote active currency risk management
Any investor with international dealings should examine their currency exposure in a systematic way and treat foreign exchange as an asset class, according to securities house Merrill Lynch.
OneChicago to roll out 21 more single-stock futures
OneChicago, the US electronic futures exchange, is to add 21 more futures contracts on single stocks beginning from December 6. The new contracts are in addition to the 43 futures on single stocks and futures on ‘Diamonds’ – shares in an exchange-traded…
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.
Fed to explore operational risks in clearance of US government securities
The US Federal Reserve Board has established a private sector working group to recommend steps to mitigate operational risks in the clearance and settlement of US government securities.