Technology
RiskMetrics acquires on-line technology from JP Morgan Chase Private Banking
New York-based risk technology vendor RiskMetrics has acquired Arrakis, the technology platform developed by JP Morgan’s Private Banking Group in 1999 to support the bank’s online site for clients, Morgan OnLine.
Technology briefs
Systems
Tech glitch strikes CLS
The failed settlement of more than 20,000 Australian dollar and yen trades on the continuous-linked settlement (CLS) service last week was caused by multiple technical faults, senior CLS officials said.
CBA to use Fenics FX for options trading on worldwide basis
The Commonwealth Bank of Australia (CBA) has employed New York-headquartered GFI Group’s Fenics FX system as its global standard foreign exchange options pricing and analysis tool. The bank will deploy the system as the standard interface in all of its…
Pension fund risk systems advance
Vendors seeking to cater to pension fund clients are rolling out a new breed of asset/liability risk analysis tools to complement risk reporting and benchmarking systems, all tailored to the unique needs of these institutions.
Tullett signs up to SwapsWire
Inter-dealer broker Tullett today said it has joined the industry-backed electronic platform SwapsWire to provide its interest rate derivatives clients with straight-through-processing (STP) capabilities. SwapsWire, built by a consortium of 23…
Time for buy-side IT push
Buy-side firms now recognise the strategic benefits and operational efficiencies that technology can bring. And, despite adverse market conditions, Fritz McCormick of Celent Communications believes IT investment is set for continued growth, especially…
A disaster waiting to happen
Despite the threat of increased terrorist attacks and war with Iraq, financial institutions are still struggling to find the funds to invest in appropriate business continuity plans.
KMV enhances Portfolio Manager analytics
Moody's KMV, a provider of quantitative credit risk tools to investors and corporations, has added its LossCalc model to its Portfolio Manager risk management product. LossCalc is used to determine the risk and return characteristics of portfolios of…
Driving down fixed costs
Outsourcing could be the key to institutions keeping up with the cost of installing technologies able to cope with CLS, Basel II and STP, and could provide a vital comfort zone in future-proofing your IT.
G30 - Moving in the right direction
The latest G30 report on global clearing and settlement offers more than a few worthwhile suggestions. But Kristina West says there is still much to be done before the industry will wholly embrace the recommendations.
Why risk IT?
Ever more complex investment risks with crushing liability factors and increased client scrutiny demand new and highly sophisticated technology, says Adrian Pay of LatentZero.
GFI launches Hull and White credit derivatives calculator
New York-based inter-dealer broker GFI has launched its credit derivatives pricing tool, Fenics Credit. GFI partnered with risk management and derivatives academics John Hull and Alan White to develop the tool.
Meeting Basel II head on
Regulators are urging banks to update their rating methodologies in preparation for Basel II. Fitch Risk's Treeve Coomber thinks his new product will help to meet this challenge.
Decisions, decisions
The right technology system for your hedge fund start-up is crucial if you want stay ahead
Caution is key as the number of profit warnings increases
Current environment offers shorting opportunities but little on the long side
Sponsor's article > No cure through the cycle
Some have argued that the antidote for pro-cyclicality in the Basel II capital requirements is the use of 'through-the-cycle' estimates of default and recovery rates. David Rowe argues that, whilethis might mitigate the pro-cyclical impact of the Accord,…
SEI links with RiskMetrics to improve hedge fund risk reporting
SEI Investments, an alternative investment fund service based in Pennsylvania, has teamed up with New York-based risk analytics company RiskMetrics in a bid to solve the discrepancy between investors seeking accurate risk reporting from hedge funds and…
Sophis adds credit derivatives pricing to risk platform
Sophis, a risk management technology vendor based in Paris, has enhanced its 'Risque 'portfolio and risk management system with added credit derivatives pricing and risk management capabilities.
Advancing op risk management using Japanese banking experience
Junji Hiwatashi and Hiroshi Ashida of the Bank of Japan outline a practical framework for operational risk management, derived from research and experiences in Japan's financial community.
CBA enhances risk management and dealing technology
The Commonwealth Bank of Australia (CBA) has carried out a series of initiatives aimed at enhancing efficiencies in its dealing and risk management operations.