Technology
On the road to Basle III
INSURANCE COMPANIES
Pushing the equities button
The increase in size, diversity and sophistication of the equity derivatives markets has spurred demand for more efficient technology. How are firms responding?
Egar adds options component to equity derivatives suite
Egar Technology, the New York-based supplier of trading and risk management systems, whose best-known client is Canada's CIBC, has released a real-time equity options trading and risk management service developed for market makers.
Regulation | On the road to Basel III
UK regulators want to harmonise regulation of the financial services sector – and they have insurance companies in their sights.
Pinched budgets strain IT decisions
The September 11 attacks and continuing economic downturn have severely affected the global banking industry. Now banks’ IT departments must increasingly justify their build-or-buy decisions in terms of value for money, speed and increased functionality.
Job moves
QUOTE OF THE MONTH: - “Few regulators really understand derivatives... That’s not their fault, many of us don’t either” A London forex trader commenting on AIB’s $750 million loss. Source: The Mirror, February 7
Aurora buys Cygnifi Analytics
Aurora Software, a New York-based technology firm for fixed-income trading, has bought the Cygnifi Analytics Library. Cygnifi, the New York-based online derivatives service provider spun-off from JP Morgan in 1999, filed for Chapter 11 bankruptcy…
Risk tech firms partner to develop forex trading product
Risk technology firms, Pennsylvania-based Financial Software Systems (FSS), and New York-based PFS Trader Tools, said today that they are working together to develop a Web-based foreign exchange trading service. The risk management tool, branded…
SS&C expands derivatives valuation system
SS&C Technologies, a Connecticut-based financial software provider, yesterday made available a new equity swaps module for its debt and derivatives accounting and valuation application.
NTC joins forces with Algo in bid to meet Basel II
Chicago-based multi-bank holding company, Northern Trust Corporation (NTC) has teamed up with Canadian risk management software provider, Algorithmics, to enhance NTC's enterprise-wide risk management (ERM) engine to meet key Basel II requirements.
Prediction Dynamics launches hedge fund modelling platform
Prediction Dynamics, the Dublin-based trading and risk management software vendor, launched its Crucible1.0 financial time-series modelling platform today at the Seventh European Conference on Hedge Fund Investments, in Geneva, Switzerland.
GFInet to unleash derivatives market data feed
New York-based interdealer broker GFInet plans to offer market data feeds for the first time, and is in the process of selecting a feed vendor.
Following the trends
John McGillian tells Jeff Benjamin about the best opportunities for hedge fund incubators ' in CTAs and macro hedge funds
PRMIA unveils 'blue ribbon panel' to ensure integrity
The Professional Risk Manager's International Association (PRMIA), formed in January by former members of the Global Association of Risk Professionals, has created an advisory 'Blue Ribbon Panel' to ensure the integrity of the new association and advise…
CBA buys Ubitrade derivatives solution
Sydney-based Commonwealth Bank of Australia (CBA) has bought French software firm Ubitrade's futures and options package for use across its trading operations in Sydney.
DBS signs up to Front for credit derivatives
Singapore's largest bank, DBS, is to install Front Arena software to support its credit trading activities, including credit derivatives and credit basket trading. Front Arena was developed by Front Capital Systems, an operating unit of SunGard.