Technology

Kiodex secures second round of financing

Kiodex, a New York-based provider of Web-based energy risk management solutions, has secured an additional $10 million in financing from Warburg Pincus, the global private equity firm. The firm originally invested $15 million in April 2001. It plans to…

Refco signs up TradeTrac for forex

Refco, the world's largest non-bank futures commission merchant, has signed up TradeTrac for its foreign exchange activities. TradeTrac provides front-, middle- and back-office risk management services, and was developed by risk technology firms…

IKB chooses Trema’s Finance KIT

Trema, a Stockholm-based financial services IT vendor and management consultancy whose clients include the European Central Bank, Deutsche Bundesbank and the Czech Republic’s ING Investment Management today announced that IKB Deutsche Industriebank had…

RMS offers indexes for structuring weather derivatives

Risk Management Solutions (RMS), a California-based weather risk software and data firm, has started publishing regional weather indexes for the US on its website, www.climetrix.com. The indexes provide the weather derivatives market with a new benchmark…

SunGard acquires EnFORM Technology

SunGard Trading and Risk Systems today announced that it has acquired EnFORM Technology, a Houston-based technology-consulting firm that provides custom software applications for companies operating in the energy and telecommunications industries.

Bank of America to roll out derivatives system

Bank of America (BofA) is building a new derivatives trading platform called Advantage, which will be deployed in its Chicago, London, and Tokyo offices. It is also developing new trading floors in London’s Canary Wharf, New York, and Charlotte, North…

Asset managers run for cover

UK investment firms are facing increasing risk management pressures, thanks to new regulatory initiatives, legal challenges and a shift in operating environment. Coping will require a major investment in technology infrastructure – especially in the…

Credit risk reporting: Managing the exposure challenge

Mass financial shocks – including Enron and Argentina – are forcing banks to disclose more information, faster, about their credit exposures to satisfy skittish investors. How are banks' technology infrastructures coping with this challenge?

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