Technology
Aurora buys Cygnifi Analytics
Aurora Software, a New York-based technology firm for fixed-income trading, has bought the Cygnifi Analytics Library. Cygnifi, the New York-based online derivatives service provider spun-off from JP Morgan in 1999, filed for Chapter 11 bankruptcy…
Risk tech firms partner to develop forex trading product
Risk technology firms, Pennsylvania-based Financial Software Systems (FSS), and New York-based PFS Trader Tools, said today that they are working together to develop a Web-based foreign exchange trading service. The risk management tool, branded…
SS&C expands derivatives valuation system
SS&C Technologies, a Connecticut-based financial software provider, yesterday made available a new equity swaps module for its debt and derivatives accounting and valuation application.
NTC joins forces with Algo in bid to meet Basel II
Chicago-based multi-bank holding company, Northern Trust Corporation (NTC) has teamed up with Canadian risk management software provider, Algorithmics, to enhance NTC's enterprise-wide risk management (ERM) engine to meet key Basel II requirements.
Prediction Dynamics launches hedge fund modelling platform
Prediction Dynamics, the Dublin-based trading and risk management software vendor, launched its Crucible1.0 financial time-series modelling platform today at the Seventh European Conference on Hedge Fund Investments, in Geneva, Switzerland.
CBA buys Ubitrade derivatives solution
Sydney-based Commonwealth Bank of Australia (CBA) has bought French software firm Ubitrade's futures and options package for use across its trading operations in Sydney.
DBS signs up to Front for credit derivatives
Singapore's largest bank, DBS, is to install Front Arena software to support its credit trading activities, including credit derivatives and credit basket trading. Front Arena was developed by Front Capital Systems, an operating unit of SunGard.
ING Direct selects BancWare for ALM
ING Direct, the telephone/internet banking arm of Dutch group ING, has implemented a suite of SunGard Trading and Risk Systems' BancWare products to manage global interest rate risk in three countries.
Icap offers eurobond e-broking
UK inter-dealer broker Icap has extended its e-broking offering to include euro-denominated eurobonds, but has yet to offer interest rate swaps - its dominant trading product.
Siam Commercial signs to ActiveBank.net
Thailand's Siam Commercial Bank (SCB) has adopted UK-based Financial Objects' ActiveBank.net system to support its treasury operations in Singapore and Hong Kong, and its offshore loan business in Bangkok.
Rolfe & Nolan to launch RANorder Pro
UK derivatives systems provider, Rolfe & Nolan (R&N), is poised to launch a new trade-order entry system for institutional traders called RANorder Pro.
Latest patsystems ceo faces non-confidence vote
Shareholders of London-based electronic trading connectivity and front-end vendor, patsystems, have called for an extraordinary general meeting (EGM) to seek the removal of David Jones as chief executive.
KWI builds product development team
London-based KWI, a supplier of trading and risk management systems for the energy markets, has made two new appointments to enhance its product development team and to increase the functionality of its flagship product, kW3000.
Bank of China, CCB roll out Misys’ Opics suite
Bank of China and China Construction Bank (CCB) are rolling out London-based Misys International Banking Systems' Opics treasury and capital markets software suite. The service will provide both institutions with a straight-through processing (STP)…
Fimat signs up for Egar's energy trading system
Fimat, the US-based brokerage firm, has signed up to Egar Technology’s Focus system for trading energy and commodity derivatives. Egar is a New York-based technology firm that offers trading systems for over-the-counter and exchange-traded interest rate…
Cargill signs up to patsystems
Chicago-based Cargill Investor Services (CIS) has signed up to a derivatives trading service supplied by patsystems, the London-based software vendor specialising in electronic exchange connectivity and front-end trading.
Integral acquires margin product
Integral, the California-based financial software and services provider, has acquired Dublin-based International Financial Systems (IFS), a provider of collateralised foreign exchange trading services.
SwapsWire claims ‘imminent’ launch after tech delays
SwapsWire, a consortium-owned interdealer interest rate derivatives trading system, says it has overcome a raft of technology problems that delayed its launch. It hopes to go live "imminently" with most of its 23 shareholders, but did not offer a…
Trading software: tailored to maturity
It is critical that an energy company looking to acquire risk management and trading software be aware of its current as well as future needs. By Fred Cohen and Satyan Malhotra
Icor sees a trade a day in first week
Icor Brokerage, an over-the-counter electronic forex options trading platform, has seen a trade a day since it was finally launched in Asia on January 16 – more than a year after its initial schedule.
Omgeo expands straight-through processing service
Omgeo, the global trade management services provider, said 17 firms had signed up to its global straight-through processing platform, Omgeo Central Trade Manager (CTM), a central matching product for domestic and cross-border trades.
SunGard offers risk analysis for STN users
SunGard Trading and Risk Systems, a unit of US financial services supplier SunGard, will offer users of SunGard Transaction Network (STN) Treasury - an online trading platform for forex and money markets - on-demand risk analysis and reporting through…
Patsystems to renegotiate connectivity contracts
Patsystems, the London-based independent software vendor (ISV), will renegotiate a 'substantial' number of unprofitable contracts with clients in its latest strategic review.
Icor launches electronic options broking
Icor Brokerage has launched its online brokerage service for forex options in the Asia-Pacific region, where 14 banks are already hooked up to trade over the system. Six additional Asian banks are set to go live next month.