Technology
Thomson Financial releases new 'Vestek' risk model
Canadian information and technology provider Thomson Financial has released its 'Vestek Fundamental Risk Model', which is designed to identify the sources and size of portfolio risks.
RiskMetrics acquires on-line technology from JP Morgan Chase Private Banking
New York-based risk technology vendor RiskMetrics has acquired Arrakis, the technology platform developed by JP Morgan’s Private Banking Group in 1999 to support the bank’s online site for clients, Morgan OnLine.
Tech glitch strikes CLS
The failed settlement of more than 20,000 Australian dollar and yen trades on the continuous-linked settlement (CLS) service last week was caused by multiple technical faults, senior CLS officials said.
CBA to use Fenics FX for options trading on worldwide basis
The Commonwealth Bank of Australia (CBA) has employed New York-headquartered GFI Group’s Fenics FX system as its global standard foreign exchange options pricing and analysis tool. The bank will deploy the system as the standard interface in all of its…
Tullett signs up to SwapsWire
Inter-dealer broker Tullett today said it has joined the industry-backed electronic platform SwapsWire to provide its interest rate derivatives clients with straight-through-processing (STP) capabilities. SwapsWire, built by a consortium of 23…
KMV enhances Portfolio Manager analytics
Moody's KMV, a provider of quantitative credit risk tools to investors and corporations, has added its LossCalc model to its Portfolio Manager risk management product. LossCalc is used to determine the risk and return characteristics of portfolios of…
GFI launches Hull and White credit derivatives calculator
New York-based inter-dealer broker GFI has launched its credit derivatives pricing tool, Fenics Credit. GFI partnered with risk management and derivatives academics John Hull and Alan White to develop the tool.
SEI links with RiskMetrics to improve hedge fund risk reporting
SEI Investments, an alternative investment fund service based in Pennsylvania, has teamed up with New York-based risk analytics company RiskMetrics in a bid to solve the discrepancy between investors seeking accurate risk reporting from hedge funds and…
Sophis adds credit derivatives pricing to risk platform
Sophis, a risk management technology vendor based in Paris, has enhanced its 'Risque 'portfolio and risk management system with added credit derivatives pricing and risk management capabilities.
CBA enhances risk management and dealing technology
The Commonwealth Bank of Australia (CBA) has carried out a series of initiatives aimed at enhancing efficiencies in its dealing and risk management operations.
Front adds back-office capability to Arena
Front Capital Systems, a Stockholm-based operating unit of Pennsylvania-based technology company SunGard, will finalise development of a new back-office capability next month that it will offer as part of its flagship trading system, Front Arena.
Algorithmics launches Algo Risk on Bloomberg
Algorithmics, the Toronto-headquartered provider of risk management software, has launched its Algo Risk risk management application, a product developed in partnership with news and information provider Bloomberg.
Tullett expands SwapMarker coverage
Tullett Financial, a subsidiary of inter-dealer broker Tullett, which provides data on derivatives products, has brought together its North American and European SwapMarker services to offer a single global service for real-time interest rate derivatives…
£60 billion Isis fund signs up to Riskdata
Isis, a £60 billion UK investment fund created through the merger of Friends Ivory & Sime and Royal & SunAlliance Investments at the end of last year, has signed up to use an interactive risk management system developed by Paris-based company Riskdata.
Eurohypo selects Front Arena
Eurohypo, the German mortgage bank created by Deutsche Bank, Dresdner Bank and Commerzbank, has selected the Front Arena IT system to manage its interest rate derivatives, fixed-income, credit derivatives, structured products and money markets trading.
Algo teams with Agena to solve op risk data history issue
Canadian risk management technology supplier Algorithmics has teamed up with UK software company Agena to help institutions to better model operational risk.
FT Interactive Data enhances BondEdge credit risk capabilities
FT Interactive Data, a Massachusetts-based supplier of financial information and analytical software, has expanded the credit risk management capabilities of its BondEdge fixed-income portfolio analytics product.
Reuters 3000Xtra offered via servers
Reuters has developed a centrally managed server farm that should allow clients to deploy its premium information and trading Reuters 3000Xtra terminals at reduced cost.
RMS releases portfolio-based pricing for weather derivatives
Risk Management Solutions (RMS), a California-based provider of software for managing natural hazard risks, has released version 3.3 of its Climetrix weather derivatives trading and risk management system.
Korea’s Koram Bank joins SuperDerivatives
Korea’s Koram Bank, a joint venture established by a consortium of local conglomerates, has joined SuperDerivatives, the internet-enabled currency options pricing system.
Moneyline Telerate to offer GFI repo data
Moneyline Telerate will offer access to inter-dealer broker GFI’s European repo data in the next couple of months, and plans to offer other GFI data later this year.
Korea First Bank installs Reuters Kondor+
Korea First Bank (KFB), one of South Korea's smallest commercial banks, has implemented Reuters Kondor+ risk and trade management system.
Ex SunGard staffers enter bid to buy Rolfe & Nolan
Novora, a company founded by former derivatives processing technology executives at SunGard Data Systems, has teamed up with venture capital firm Battery Ventures to analyse a possible bid for struggling UK back-office technology company Rolfe & Nolan.
Isda pushed for electronic documentation of complex swaps
The International Swaps and Derivatives Association today released its recommendations for financial products markup language (FpML) version 2.0 for rates products.