Technology
Bloomberg and TradeWeb enter multi-dealer electronic swaps trading fray
Competition in dealer-client electronic euro swaps trading is heating up with the launch of two new 'request-for-quote' (RFQ) multi-dealer interest rates swaps platforms in quick succession.
TriOptima to use Markit's Red database
TriOptima, a Swedish technology firm specialising in tear-ups of unwanted over-the-counter swaps from counterparties’ portfolios, has teamed up with Markit to use its reference entity database (Red).
Lehman set to launchfloating-rate ABS index
technology news
TriOptima launches oil swap tear-up service
TriOptima, the Stockholm-based financial technology firm specialising in an over-the-counter swap 'tear-up' service, has extended its capabilities to oil swaps.
Wachovia seeks to improve risk data
Wachovia is implementing the AC Plus data management system from Dutch vendor Asset Control within its corporate investment bank to improve risk management.
Ubitrade launches margin risk management tool
Ubitrade, the Paris-based provider of derivatives trading technology acquired by GL Trade in the first quarter of 2004, has released RiskUbix, a new margin risk management module.
HSBC provides clients with forex charting tools
HSBC has begun rolling out a web-based currency data charting application from UK vendor TraderMade to its corporate and investment clients. The application, called FX Charting, will support trading and hedging strategy decisions.
WestLB goes live with Russian bond index
credit tech
Reuters joins bond trading revolution
technology news
Fitch to acquire Algorithmics
Fitch Group announced today that it is to acquire Algorithmics, a leader in enterprise risk management. The transaction, valued at $175 million, is expected to close in January 2005. The transaction is subject to customary regulatory approvals.
Building success in risk technology
The results of Risk ’s first-ever technology rankings – voted for byover 350 users of risk-based software products – show a highlycompetitive industry where firms must strive to stay abreast offinancial innovation. Clive Davidson reports
Credit correlation model debuts on Bloomberg
Morgan Stanley’s credit correlation model has been made available on Bloomberg today. The model can be used to price basket and single-tranche credit derivatives.
Barx proves catalyst for electronic swaps, says Icap’s Spencer
The move by UK investment bank Barclays Capital to offer live interest rate swaps prices via Bloomberg terminals is the catalyst that will drive the electronic trading of interest rate swaps, according to Icap chief executive Michael Spencer.
Building success in risk technology
Technology rankings
Convertibles pricing service from Mark-it
credit tech
Software Survey 2004
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Introduction
Asian ambitions
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Calpine trades up
Natural gas
MarketAxess IPOs
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MarketAxess IPOs
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Axiom makes bid for European CDS market
Axiom Global Partners, the New York-based inter-dealer brokerage, has launched its electronic credit default swap (CDS) broking platform in the London market.
RBS to offer interest rate swap trading through Bloomberg
Royal Bank of Scotland’s (RBS) London-based Financial Markets division has expanded its Bloomberg Electronic Trading offering by adding euro interest rate swaps.