Technology
RiskNews review
RiskNews review
Commerzbank, IBM Mull Outsourcing Deal
FRANKFURT—In what looks like a pioneering deal, Commerzbank is working out the details of an IT outsourcing arrangement with IBM that would see the vendor take on responsibility not just for low-level infrastructure, but complete management of major…
Korea First Bank installs Reuters Kondor+
Korea First Bank (KFB), one of South Korea's smallest commercial banks, has implemented Reuters Kondor+ risk and trade management system.
Ex SunGard staffers enter bid to buy Rolfe & Nolan
Novora, a company founded by former derivatives processing technology executives at SunGard Data Systems, has teamed up with venture capital firm Battery Ventures to analyse a possible bid for struggling UK back-office technology company Rolfe & Nolan.
Isda pushed for electronic documentation of complex swaps
The International Swaps and Derivatives Association today released its recommendations for financial products markup language (FpML) version 2.0 for rates products.
Fitch acquires IC2 First op risk database
Fitch Risk, a division of rating agency Fitch Ratings, has acquired the IC2 First (financial institutions risk scenario trends) database from financial services provider, Zurich Financial Services Group.
DST acquires State Street’s risk management unit Askari
DST International, the software arm of US investment management services provider DTI Systems, has acquired State Street’s risk management software arm Askari for an undisclosed sum.
Refco launches web prime brokerage using Currenex
Refco F/X Associates, part of Refco Group, has taken its foreign exchange prime brokerage service online in a bid to improve efficiency, a senior official at the broker in Chicago told RiskNews' sister publication FX Week .
Bank of America platform integrates derivatives financing capabilities
Bank of America has launched a new prime brokerage platform, integrating equity swap capabilities with traditional prime brokerage services.
Waiting for guidance
South Korea's banks have made huge strides in implementing risk management systems over the past few years, but Basel II is not yet a driving force, with banks waiting for the Korean regulator to publish local guidelines.
Fitch unveils OpVantage version 5.0
Fitch Risk, a unit of rating agency Fitch, plans to release a March update of its OpVar software, which provides a database of operational loss events and software that helps banks better model operational risk.
Korea's SK Life acquires Kamakura market risk system
SK Life Insurance, one of South Korea's largest life insurance companies, has licensed Honolulu-based risk management technology firm Kamakura's market risk system, Kamakura Risk Manager. The deal marks the 10th Korean client for Kamakura.
Risk management based on stochastic volatility
Risk management approaches that do not incorporate randomly changing volatility tend to under- or overestimate the risk, depending on current market conditions. We show how some popular stochastic volatility models in combination with the hyperbolic…
Reuters to focus on risk services as losses hit £533 million
Reuters is to concentrate its business development on risk management, treasury products and content management as part of an ongoing overhaul of the UK information and trading systems provider, instigated by chief executive Tom Glocer.
Calypso hooks up with DataSynapse
San Francisco-based software provider, Calypso Technology, has teamed up with New York-based technology vendor DataSynapse, to market the integration of the grid-computing capability of DataSynapse’s LiveCluster computer infrastructure product with the…
Credit markets open up to hedge fund managers with Mark-it tool
services aims to improve levels of information available
Real-time solutions
As the alternative investment market grows, the demand for technological solutions that can respond to sudden sector movements has increased
Energy futures sap US dollars continuing market weakness
Foreign currency markets are often under appreciated
Kamakura upgrades key risk management system
Kamakura, a Honolulu-based risk management technology company, has released a new version of Kamakura Risk Manager (KRM), its integrated risk management application.