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Using transaction data to measure op risk
Since 1999, Peter Hughes has led a team of op risk specialists that has studied transaction processing environments in global banking organisations. The focus was on examining and understanding the causes of operational failure. The information and…
GFI launches electronic CDS index trading in the US
GFI Group, the New York based inter-dealer brokerage, has launched its electronic credit default swap (CDS) trading system, Creditmatch, in the US.
Merrill Lynch to offer algorithmic engine to buy-side
Merrill Lynch is slated to join a growing array of major sell-side firms that will allow third-party access to their algorithmic trading engines.
EBRD selects S&P portfolio risk tool
The European Bank for Reconstruction and Development (EBRD) has chosen Standard & Poor’s (S&P) portfolio risk tracker (PRT) tool for its treasury operations. The move represents a blow to rivals Moody’s KMV and RiskMetrics, whose product, CreditManager,…
BoNY and Wilshire offer risk management services
The Bank of New York (BoNY) and California-based investment management and technology firm, Wilshire Associates, have formed a partnership to provide risk management services.
Sponsor's article > Op risk and Black Swans
Scarce data is a well-recognised problem for the assessment of operational risk. In such circumstances, David Rowe argues, it is necessary to blend professional judgement with the available data. In doing so, however, it is crucial to counter some well…
ABN Amro launches electronic CDS trading platform
ABN Amro, the Dutch banking group, has launched an auto-execution trading platform for the credit default swaps (CDS) market. The system will be available through Bloomberg terminals.
Sponsor's article > The Home Host Headache
Basel II's advanced measurement approach (AMA) requires that the operational risk capital charge be allocated to banks' international subsidiaries. This means that individual banks will have to run multiple AMA models to meet multiple local regulatory…
Agence France Trésor selects Ubitrade’s Tradix system
Agence France Trésor (AFT), the French debt and treasury management institution, has selected Ubitrade’s treasury management system, Tradix, after putting the contract out to tender in 2003.
BNP Paribas fund unit selects Riskdata
The London-based fund-of-hedge-fund manager, BNP Paribas Fauchier Partners (BNPFP) and its joint venture partner, Fauchier Partners, have selected Riskdata’s FOFiX risk management system for their fund portfolio.
DTCC expands matching and confirmation services
The Depository Trust and Clearing Corporation (DTCC) is to expand its matching and confirmation facility, dubbed Deriv/Serv, to include equity derivatives.
DTE Energy Trading opts for Amerex STP solution
DTE Energy Trading, a subsidiary of Detroit-based DTE Energy, has implemented Amerex Energy’s straight-through processing (STP) product, Xcheck - a web-based trade confirmation system that replaces the manual process of generating, transmitting and…
Wachovia expands Calypso use to energy
US financial group Wachovia Corp is to expand its use of the Calypso system to include energy derivatives. Wachovia began trading oil and gas in February.
SunGard acquires ASP pioneer Kiodex
SunGard has acquired New York based Kiodex, a supplier of web-based risk management, financial reporting, FAS 133 compliance and market data solutions for companies exposed to commodity price risk.