Technology
Prebon builds bridge to SwapsWire
Institutional broker Prebon Yamane is going live this week with a system, developed in-house, that allows traders to have direct links to the SwapsWire online platform, according to officials at the firm, based in London. Swapswire, owned by a consortium…
Simplex Technology adds credit derivatives module
Japanese financial software firm Simplex Technology plans to introduce credit derivatives capabilities to spDeriv, its interest rate and foreign exchange derivatives trading platform, according to Mitsuru Igarashi, senior managing director at the company…
Hungarian utility selects KWI for trading and risk management
MVM, one of Hungary's largest electricity wholesalers, has signed up to use KW3000, the energy trading and risk management system developed by London-based energy risk management software company KWI.
BBH upgrades web platform for investors
US custodian Brown Brothers Harriman (BBH) went live with the upgrade of its web-based currency trading service FX WorldView last week, Brenda Kerins, head of FX e-commerce at BBH in New York told RiskNews' sister publication FX Week .
Abbey National signs up to Datasynapse's LiveCluster service
Abbey National Treasury Services has signed up for LiveCluster, a computer infrastructure software product developed by New York-based trading technology vendor DataSynapse. The UK bank will use the software to enhance the computation of its capital…
Riskmetrics aims for hedge funds
Peter Davies, recently appointed vice-chairman of New York-based risk management vendor Riskmetrics, has said the alternative investment industry - specifically hedge funds and funds of funds - is an area of focus for the company.
Deutsche to roll out electronic bond platform in Thailand
Deutsche Bank’s global markets business unit plans to roll out its eCommerce bond and credit note trading platform in Thailand by the end of the month. Called ‘Autobahn’, the platform will trade Thai government bonds via Bloomberg terminals. The move…
IDC acquires Meridien Research
IDC, the technology and e-business research subsidiary of IDG, the Boston-based technology media and conferences company, has acquired Meridien Research, a Massachusetts-based firm specialising in risk and trading technology, customer relationship…
CreditTrade plans to offer web-based data service
CreditTrade, the London-based interdealer-broker and provider of credit derivatives data, plans to launch a new web-based data service, CreditTrade Insight, early next year.
BoA launches new China receivables capability
Bank of America Global Treasury Services (GTS) has launched a new receivables platform aimed at boosting its China cash management capabilities. The China receivables services will offer clients a renminbi collections services from the end of the month.
Build in or buy out?
Is it more cost-effective for companies to buy available systems from vendors or to develop and deploy their own energy trading and risk management solutions? Bob Bridger of Vedaris looks into the dilemma faced by many companies
Kiodex teams with Reuters in Asia and Latin America
Reuters is to market the Risk Workbench platform of New York-based technology company Kiodex to its commodities and energy customers in Asia, Latin America and the Caribbean.
RiskMetrics links fixed-income trading system to its risk management system
RiskMetrics Group, the New York-based risk analytics and technology firm, is integrating a pricing and portfolio analytics system into RiskManager, its flagship web-based application for the measurement and analysis of market-based value-at-risk.
JP Morgan signs up 18 CLS third-party customers
JP Morgan Treasury Services, a unit of JP Morgan Chase, has signed up 18 third-party service customers to allow them access to continuous linked settlement (CLS). The third-party service contracts allow counterparts to settle their foreign exchange…
Prebon Yamane launches py match for Singapore dollar
Brokerage house Prebon Yamane Asia-Pacific has extended py match, its online automated matching system for floating rate reset risk positions in swap portfolios, to include Singapore dollars.
Danske plans systems upgrades for exotics and swaps
Denmark’s Danske Bank plans to upgrade its front-end derivatives trading technology by introducing a number of new systems modules developed by IT provider Summit Systems, an operating unit of UK software company Misys.
SunGard coup for FXConnect
State Street Corporation is due to announce this week that it has secured a coveted deal with the treasury software unit of Pennsylvania-based technology company SunGard.
Patsystems to take £500,000 hit
UK-based derivatives trading software vendor Patsystems will take a £500,000 hit in redundancy costs in its end-of-year results. It is also likely to trim staff further in spite of encouraging figures for the third quarter and ongoing cost-cutting…
Credit Lyonnais extends DerivaTech to Asia
French bank Credit Lyonnais has extended the use of US-based software house DerivaTech's foreign exchange options pricing system to its branches in Korea, Taiwan and India.
Lombard launches collateral management application
London-based risk management software company Lombard Risk Systems yesterday launched FirmRisk Collateral, a collateral management application developed for financial and non-financial institutions.
ICE launches market data company
IntercontinentalExchange (ICE), the Atlanta-based electronic commodity trading platform, has established a company to exclusively distribute its market data, officials said last week.
Bank Thai signs up to FNX’s Sierra
Bank Thai - a bank established by the Thai government in 1998 when it consolidated the assets of Union Bank of Bangkok with Krung Thai Thanakit Finance and Securities and 12 other finance companies - has selected FNX’s Sierra Treasury system for its…
OpVantage releases latest OpVar software
OpVantage has released an updated version of its OpVar operational risk management software.
Regulators call on banks to focus on cross-border e-banking risks
Banks need to integrate cross-border electronic banking risks into their overall risk management framework, the Basel Committee said in a paper released today.