Technology
New FIX specs raise challenge to FpML
A new FIX (Financial Information eXchange) specification, version 4.3, has been released that can support fixed income and collective investment vehicles like mutual funds and unit trusts, plus offer more comprehensive coverage for general derivative,…
S&P nails exclusive Default Filter deal with IQ Financial
International credit rating agency Standard and Poor’s (S&P) has signed an exclusive deal to use IQ Financial Systems’ Default Filter product in the Asia Pacific region. S&P will be able to apply the default filter engine to its own credit risk…
Isda in bid to shift master agreements online
The International Swaps and Derivatives Association (Isda) has signed a deal with online negotiations software provider Beachfire to allow over-the-counter (OTC) derivatives master agreements to be negotiated online.
Alliant Energy to use KWI
Wisconsin-based energy services provider Alliant Energy is to implement trading and risk management tools provided by Houston-based software firm KWI.
MTS dealer-to-client platform BondVision debuts
Italian inter-dealer broker MTS has started trading on its internet dealer-to-client trading platform BondVision, with Eur248 million of government and agency securities traded yesterday. Average deals were Eur20 million, which EuroMTS deputy chief…
RMS adds Japan and Germany to weather system
Risk Management Solutions (RMS), the California-based provider of products and services for the management of natural hazard risks, has added Japanese and German temperature data to its Climetrix weather derivatives trading and risk management system.
Currenex snares Caterpillar
Manufacturing firm Caterpillar Independent has started using the FXTrades platform provided by multi-bank FX portal Currenex to support its FX operations.
MBRM offers options on convertible bonds
Derivatives software firm MB Risk Management (MBRM) is to offer an online capability to price and risk-manage options on convertible bonds as a new feature to its Universal Convertibles Add-ins.
eSpeed boosts intellectual property portfolio
Cantor Fitzgerald spin-off eSpeed has stepped up its efforts to gain a competitive edge by purchasing the Lawrence patent, which protects the electronic bid-wanted auction model used by eSpeed and several of its competitors for trading municipal bonds…
Barclays Global Investors installs BlackRock's Aladdin
Barclays Global Investors (BGI) has enlisted BlackRock Solutions' Aladdin enterprise investment system for its fixed-income risk analytics and processing. The investment arm of the UK’s Barclays Bank went live with Aladdin for domestic active fixed…
TT becomes latest service provider casualty
Trading Technologies (TT), a multi-market trading screen technology provider for exchange-traded derivatives, has become the latest casualty of the global economic slowdown, and has unveiled restructuring plans that included 37 job losses and the closure…
RMS upgrades Hawaii hurricane model
Risk Management Solutions (RMS), the California-based provider of natural hazard risk modelling, has released an upgraded Hawaii Hurricane model that offers improved risk assessment capabilities to insurers re-entering the Hawaiian market for hurricane…
Investec extends Front system to FX
Investec has extended its use of Front Capital Systems' Front Arena to support its global FX trading.
Technology News
NEWS
Is the grass greener?
Should a new hedge fund manager set up in or out of house?
A new lease of life
Hedge fund service providers looking to stay ahead in the marketplace are turning to corporate websites to communicate with their customers
Moving to the centre
Basel II means banks will have to centralise the management of operational risk or lose out to competitors.
Moving to the centre
BASLE II UPDATE
Schroders Forges Its Op Risk Sword
INFORMATION TECHNOLOGY