Technology
JP Morgan joins Bloomberg SwapTrader
JP Morgan has become the latest investment bank to provide prices through SwapTrader, Bloomberg’s multi-dealer euro interest rate swap dealing platform for end-users launched in February, signalling a further move towards the electronic execution of…
Markit and MarketAxess team up
MarketAxess, a New York-based multi-dealer trading platform, has subscribed to Markit’s Reference Entity Database (Red) service for its credit derivatives index trading system, which it is expected to launch in September.
JP Morgan offers clients collateral service
JP Morgan Chase has developed a collateral management service called JP Morgan CommanD.
TT reaches retail market through NinjaTrader
Trading Technologies (TT) has signed a partnership with retail trading software supplier NinjaTrader, allowing it to provide access to its exchange gateways to the retail market-place for the first time.
FfastFill and Trading Technologies partner on X Trader
FfastFill has agreed to integrate Trading Technologies' (TT) X Trader front-end with its own middle-office software, and will provide both applications as a complete package.
DTCC reveals Deriv/Serv expansion
The Depository Trust and Clearing Corporation (TCC) has expanded its Deriv/Serv matching and confirmation service to provide support for trades in interest rate swaps and swaptions, equity swaps and variance swaps.
Patsystems expands derivatives presence with Tamesis takeover
Trading technology specialist Patsystems has bought the loss-making financial software company Tamesis, in a move that it expects will allow it to develop its derivatives market presence.
Deutsche's Beeston will head Creditex spinoff
T-Zero, a newly launched company spun-off from Creditex to improve credit derivatives processing, has named Mark Beeston as its first president.
Icap will use DTCC to process credit derivatives
UK inter-dealer broker Icap will use the Depository Trust & Clearing Corporation (DTCC) for post-trade processing of credit default product transactions from September.
Webcast >> Op Risk Technology
OPERATIONAL RISK gathered together top technology executives in June to debate the future of the op risk discipline.
In pole position
Technology
Shell picks ZaiNet for carbon trading
Shell Energy Trading has licensed the ZaiNet emissions trading software, produced by SunGard, to manage its global carbon dioxide portfolio.
Commerzbank signs up for CDOSheet in NY
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Hull & White to develop new CDO pricing model
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Making a connection
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Checking outside the box
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The technology trap
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FRS to buy Providus compliance software
FRS, a division of S1 Corporation, is to buy the Providus risk management and compliance arm of Zions Bancorporation for $800,000.
Misys profits from increased bank IT spending
Software and services provider Misys will report higher revenues and profits from its banking division next month, as banks continue to increase their IT budgets.
TriOptima run eliminates $880 billion in surplus CDS
Five software runs conducted this month by the Scandinavian service company TriOptima have resolved $880 billion in outstanding single-name and index credit default swaps (CDS).
A place on the grid
A growing number of banks have implemented grid technology for their risk management and derivatives trading businesses, allowing them to borrow spare capacity from dormant computers to process complex tasks in a fraction of the time. By Clive Davidson
Hull and White to collaborate with SunGard
Two of the leading academics in derivatives and risk management research, John Hull and Alan White, are working with the Reech unit of US-based vendor, SunGard, to develop a new structured credit pricing suite.
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Hull & White at work on new CDO pricing model
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