Technology
Barra to lay off 9% of workforce
Barra, the Berkeley, California-based risk management technology vendor, is to reduce its workforce by approximately 9%, from 519 employees to 470 employees worldwide.
Risk Europe 2003: Reuters signs deal with NumeriX for exotic derivatives libraries
Reuters has signed a deal with NumeriX, the US derivatives analytics company, to offer a suite of exotic derivatives pricing libraries for customers of its Kondor+ flagship risk management system. The deal was unveiled at Risk 's eighth annual Risk…
People moves
People
Sweating the Small Stuff
Preparing for catastrophes is only part of it. More frequently (albeit less extensively), firms are testing their readiness for water main breaks, subway strikes and power outages.
NumeriX enhanced to support more complex credit products
US analytics company NumeriX has enhanced its core analytics toolkit and engine to meet demand from a rapidly evolving credit derivatives market. The modifications will allow users to model, price and manage the risk of a broad range of sophisticated…
Reuters and IBM team up in Asia-Pacific
Reuters has teamed up with IBM Financial Services to offer risk management systems and consulting services to small and medium sized financial institutions in Asia-Pacific.
Thomson Financial releases new 'Vestek' risk model
Canadian information and technology provider Thomson Financial has released its 'Vestek Fundamental Risk Model', which is designed to identify the sources and size of portfolio risks.
Trading with a small ‘t’
What made headlines before is now becoming everyday news: energy companies are scaling back or leaving energy trading. Some industry observers are emphasising the shift to ‘trading around assets’. Anne Ku investigates just what this means
The size of the CDS market
CDS guide: CDS growth
Moody’s debuts CDO reports
Credit tech
Sponsor's article > SunGard Trading and Risk Systems Announces New Dedicated Role for Basel II
Dr. Dean Jovic has been appointed to group managing director of risk management/Basel II, a newly created position at SunGard.
Flexibility is the key
Asset and liability management
Taking it slow
Basel Accord
SIA expects SEC guidance on trade resumption
BUSINESS CONTINUITY
Technology briefs
TECHNOLOGY NEWS
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…