Technology
CreditTrade and Reech to offer combined CDS data service
Electronic credit derivatives broker CreditTrade and financial software provider Reech Capital are combining pricing resources to offer a single service for valuing credit default swaps (CDSs).
SAP launches new Basel II functions for mySAP Banking
German software services provider SAP said it is providing new functions for its mySAP Banking package to help banks meet the requirements of the risk-based Basel II capital Accord and new international accounting standards in the European Union (EU).
Hedge funds targeted by Summit-CoVision alliance
Summit Systems, a New York-based trading, risk management and straight-through processing vendor, and CoVision Capital Group, an investment management firm, have partnered to provide an investment platform specifically geared towards hedge funds.
OpenLink introduces Swift messaging capability
OpenLink, a New York-based trading and risk management software company, has released its Open Settlement Solution - an integrated Society for Worldwide Interbank Financial Telecommunication (Swift) messaging capability for its Findur system. Evaluating…
Murex to supply clients with Reech Capital derivatives models
Financial software provider Murex is licensing some of competitor Reech Capital’s products to give its clients access to models to more accurately price and hedge exotic FX options.
Hong Kong Exchange moves to increase derivatives transparency
The Hong Kong Exchange has agreed to let information vendors such as Reuters and Moneyline Telerate list its derivatives prices for the first time, in a move designed to improve market transparency.
RiskMetrics expands CreditGrades to include Japan
RiskMetrics Group, the New York-based software company, has expanded its CreditGrade risk measurement system in Asia to include data on Japanese firms.
FT Interactive Data expands BondEdge Derivatives Coverage
FT Interactive Data, a provider of securities prices and analytical software, has expanded the number of derivatives prices it reports with the latest version of its fixed-income portfolio analysis tool.
Totem acquires dividend forecasting service
Over-the-counter derivatives price data vendor Totem has acquired Dividend Directory Limited (DDL), the owner of DaDD, a service forecasting dividend and ex-dividend dates up to four years in advance. This information is an important input to equity…
Raft forms user group for Radar op risk products
Risk management software provider Raft International has formed a user group for firms using the various modules of its Radar suite of operational risk tools. The first Radar User Group meeting will be on September 5 in London.
Canada's Penson signs up to Ubitrade software
Montreal-based Penson Financial Services, Canada’s third largest clearing firm, has signed up to use Ubitrade Futures and Options, a back-office trading system developed France-based risk management company Ubitrade.
OneChicago and Nasdaq Liffe to use SunGard system for SSF clearing
OneChiacgo Futures Exchange and Nasdaq Liffe Markets (NQLX) have signed up SunGard’s GMI back-office clearing system for trading single-stock futures (SSFs).
Korean pension fund employs Kamakura system
Korea Teachers Pension Fund has adopted Honolulu-based risk management software-company Kamakura Corporation’s risk software suite Kamakura Risk Manager-var, for market risk and investment analysis.
New vendor to compete with IBM and BEA Systems for bank op risk business
GoldTier Technologies, based in Mount Laurel, New Jersey, is looking to compete with IBM and BEA Systems in the financial workflow order management systems business. Technology for workflow order management aims to reduce the operational risk posed by…
CLS could be protected settlement system under Singapore law
Continuous Linked Settlement (CLS), the global payments system that aims to reduce settlement risk in international currency markets, could be a legally protected designated system under proposed Singapore laws, Singapore financial regulators said today.
Boston-based Air updates weather data
Applied Insurance Research (Air), a Boston-based weather and catastrophe modelling company, today released its updated reconstructed weather data for 235 stations across the US.
Risk technology market fall-out expected, survey finds
The UK trading and risk management technology sector appears to have reached over-saturation, with a number of vendor companies expected to disappear over the coming two years, according to a technology survey published by Kimsey Consulting.
Greenwich launches online FX service to retail customers
Greenwich Europe, the London-based derivatives house, has set up a 24-hour online FX broking service for retail clients around the world, Simon Palmer, the firm’s new head of FX, told RiskNews ' sister publication FX Week .
Standard Bank Asia signs up Spectrum
Standard Bank Asia is to use Pennsylvania-based foreign exchange and interest rate risk management software provider Financial Software Systems’ Spectrum Treasury System in its Hong Kong trading centre to manage money market instruments, interest rate…
FCTM signs up for Summit risk management software
First Chicago Tokio Marine Financial Products, a joint venture between Bank One of the US and Japan's Tokio Marine and Fire Insurance, has signed up to use New York-based risk management systems provider Summit Systems’ front-to-back modular software…
Borealis signs up to Tempest XL risk management system
Borealis Group, the Danish chemical producer, is to use the Tempest XL trading and risk management system developed by technology and systems provider Triple Point Technology.
SunGard snaps up UK’s Monis
US trading and risk technology supplier SunGard has acquired Monis, the derivatives software company, in a move designed to combine the former’s straight-through processing (STP) expertise with the latter’s pricing systems. The move is part of an ongoing…
Currenex and RCP launch buy-side interface
Global online currency exchange Currenex and UK-based straight-through processing (STP) specialist RCP Consultants have developed an interface that offers immediate connectivity between Currenex’s FX trading system and many treasury and portfolio…
Kiodex focuses on accounting transparency for corporations
Kiodex, the New York-based provider of Web-based energy risk management services, has launched an accounting tools module on its Risk Workbench platform, an online business process outsourcing resource.