Technology
Forex spot and futures platform EBS Trader goes live
The EBS Partnership today goes live with EBS Trader, its internet-delivered conversational direct-dealing system for spot and forwards foreign exchange, company officials told RiskNews ' sister publication FX Week . The service will compete directly with…
Union Pacific to use Kiodex for fuel risk management
Union Pacific Railroad, a subsidiary of major American transportation company Union Pacific Corporation, has selected Kiodex Risk Workbench to manage its earnings exposure to energy price risk.
Reech joins the ASP rush to target hedge funds
UK-based Reech Capital has joined the growing number of firms targeting the hedge fund industry with application service provider (ASP) financial services instruments, by unveiling a new Web-delivered risk management product.
Cognotec in Digital Island deal to boost online performance
Foreign exchange and money-market trading software provider Cognotec has teamed with Digital Island, the San Francisco-based communication infrastructure specialist, to improve online performance. The agreement involves Dublin-based Cognotec…
Bundesbank goes live with new FX reserves system
The Bundesbank - Germany’s central bank - has gone live with a new electronic system for managing foreign currency reserves that should improve risk management.
KBC selects SunGard for securities processing
KBC has selected intelliMATCH from SunGard eProcess Intelligence, an operating unit of US financial services IT provider SunGard, for matching and reconciliating trades.
SFE pays US$28 million for OM technology
The Sydney Futures Exchange (SFE) entered a US$28 million, eight-year agreement on Friday to outsource its core clearing technology and operational support functions to Swedish technology vendor OM. The agreement includes US$5 million in capital costs…
Finland’s Oko Bank selects Misys for OTC derivatives
Oko Bank, the central bank for Finland’s co-operative banking community, will extend its use of London-based Misys International Banking Systems’ Opics solution to cover regulated and over-the-counter (OTC) derivatives activities.
Smartstream launches ETC application
Smartstream Technologies, the London-based provider of reconciliation and trade confirmation management solutions, plans to let fund managers create electronic notification of trade execution through its latest electronic trade confirmation (ETC) module,…
Innogy subsidiary to use kW3000 risk management tool
Npower Northern Limited, a subsidiary of energy supplier Innogy, has chosen to use London-based KWI's kW3000 trading and risk management product.
Temenos signs new contracts with Mellon, TIB and Techcom
Swiss-based financial services vendor, Temenos, has signed US-based Mellon Financial Corporation, Russia's Trust and Investment Bank (TIB) and Vietnam-based Techcom Bank to roll out its integrated banking software suite, Globus.
Oil giants look to gas and power trading
Despite the fall of energy trader Enron, Shell and BP are both seeking to develop their wholesale trading side, and have selected Tibco’s systems to help them do so. By Don Stowers
Currenex and XRT unveil joint venture
Currenex, the online global currency exchange, and French-based financial services vendor, XRT, have agreed a deal that will see Currenex integrate its online forex platform with XRT’s collaborative treasury management (CTM) solutions.
Schroders goes the Globus route with Temenos
UK-headquartered Schroders Private Bank, a subsidiary of the Schroder Group, plans to roll out Globus, an integrated financial services application developed by Swiss-based software vendor, Temenos.
Deutsche, UBS Warburg back Rolfe & Nolan
Deutsche Bank and UBS Warburg have agreed to fund the development of the first two modules of Rolfe & Nolan's much-awaited Merlin software suite in return for long-term licensing agreements.
Raft posts loss as deal flow fails to materialise
AIM-listed risk management technology supplier, Raft, has made a loss of £826,000 for its financial year, a result said to be well below city expectations. The previous year's results had showed a profit of £171,000.
Swift moves a step closer to STP
Swift, the industry-owned provider of messaging services and interface software to over 7,000 financial institutions, has teamed with Financial Fusion and Global Crossing to provide a FIX hub messaging application to the securities industry. The move…
InvestorForce in hedge fund data clarity drive
Pennsylvania-based technology vendor InvestorForce has launched an online service that lets investors access data and information from the murky world of hedge fund managers.
Aquila chooses Panorama
US energy firm Aquila has selected SunGard’s Panorama system to be its cross-commodity trading and risk management system. Aquila becomes the third of the 10 largest US energy companies to select the Panorama system developed by SunGard, a global risk…
SunGard in deal with Spanish bank association
SunGard Trading and Risk Systems, based in New York, today announced that it has licensed its market and credit risk management system, Panorama, to the Confederacion Española de Cajas de Ahorros (CECA), an association representing Spain’s 47 savings…
Algo to offer Basel II-compliant credit risk solution
Algorithmics, the Toronto-based risk management technology firm, says it is working with its clients to include a credit solution in its suite of products which meets the specific data architecture, data modelling and technology requirements required…
Cognotec selects Radianz to expand customer base
Cognotec, the Dublin-based foreign exchange and money-market trading solutions provider, has signed a three-year contract with US financial services e-network supplier Radianz. The multi-million dollar contract connects Cognotec to RadianzNet extranet –…
Rolfe & Nolan and TruExchange in partnership for STP
Rolfe & Nolan Systems, the UK-based supplier of derivatives technology solutions, and TruExchange, a Massachusetts-based vendor of trading and matching engines for electronic exchanges and derivatives markets, have entered a partnership to provide a…
Asian bond platform goes live
BondsInAsia (BIA), a group formed through the collaboration of BNP Paribas, Citigroup, Credit Suisse First Boston, Deutsche Bank, HSBC and Reuters, has started live trading on its electronic trading platform for Asian fixed-income securities, BIA Trading…