Technology
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…
BNP Paribas extends derivatives back-end system
French banking group BNP Paribas is extending its Ubitrade Futures and Options back-end system to manage all its global custody and stock-broking activities. This is part of an ongoing process to restructure its futures and options business following the…
JP Morgan joins ISE via Actant
JP Morgan, the investment banking arm of JP Morgan Chase, has joined the International Securities Exchange (ISE) as a competing market maker, using the Actant Aqtor front-end platform for trade execution and risk strategies. JP Morgan will use Aqtor for…
Swissrisk to offer portfolio risk management via PDAs
Swissrisk, a provider of internet-based interactive and integrated risk and portfolio management tools, has teamed up with IBM to provide access to sophisticated risk and portfolio management tools over mobile phones and personal digital assistants (PDAs…
Eastman Chemical signs to Kiodex Workbench
Eastman Chemical Company of the US plans to install new technology from Web-based risk management solutions for the commodity markets, Kiodex, to manage earnings exposure to energy price risk.
GL Trade connects to Onexchange
GL Trade, a provider of exchange connectivity, is to connect its front-end trading platform to electronic market-place provider Onexchange to allow its clients to create and clear over-the-counter and exchange-traded derivatives instruments in real time.
Rolfe & Nolan releases CCP server despite Eurex delays
Rolfe & Nolan, the UK back-office software provider, has released a clearing counterparty (CCP) server for exchanges and clearers. The release comes despite the server’s new functionality for Eurex Clearing’s Equity CCP being likely to remain idle due to…
Deutsche enhances online risk system
Deutsche Bank has added two major components to its DBIQ online analysis system that will allow analysis of structural risks and present value-at-risk (VAR) analysis through full Monte Carlo simulation. The DBIQ portfolio system and DBIQ risk system…
RMS launches new daily model for Climetrix
Risk Management Solutions (RMS), the California-based provider of products and services for the management of natural hazard risks, has released an advanced daily temperature simulation model that offers a new capability for valuing weather derivatives…
IFS calls in receivers, seeks buyer
FX trading technology firm IFS has gone into receivership following an unproductive takeover of Dene International and a drop in sales of its flagship product, a spokesperson for the firm said.
West LB commodities desk signs up with OpenLink
The global financial markets unit at Germany's West LB is to use New York-based OpenLink's Endur trading, risk management and transaction processing system for its energy and precious metals trading desk in London.
Fidelity forex unit adopts FNX’s Sierra
Fidelity forex, a unit of Fidelity Capital Markets that provides foreign exchange (FX) pricing to institutional investors, has implemented the Sierra Treasury System developed by FNX, a provider of straight-through processing solutions to the global…
Citic Industrial Bank ramps-up risk systems
China’s Citic Industrial Bank has adopted SunGard’s Panorama risk management solution, which marks the US trading and risk management systems firm’s first major client in the potentially lucrative Chinese market. And as the country’s largest banks…
Vontobel to use Ubitrade derivatives system
Swiss private bank Vontobel is to install trading technology developed by France's Ubitrade to manage its listed derivatives.
CIBC to use Egar's dispersion software
CIBC World Markets, the investment banking arm of Canada's CIBC, has licensed Egar Dispersions, a volatility dispersion strategy analyser that shows investment opportunities in changes in the relationship between options on an equity index and options on…
Moody's integrates credit risk software with GFA
Moody’s Risk Management Services (MRMS) and California-based Gifford Fong Associates (GFA), provider of financial consulting and propriety analytical tools, have completed the integration of their default prediction and fixed-income portfolio management…
JP Morgan and Deutsche move to offer broad indexes
JP Morgan Chase and Deutsche Bank have signed up to US technology solutions provider Longitude’s Parimutuel Digital Call Auction (PDCA) technology, which could herald the introduction of broader index trading based on economic data. The PDCA technology…
OpVar software upgrade fits Basel QIS
OpVantage, the operational risk quantification provider, has released version 4.0 of its OpVar software. The new version maps its data to the Basel Committee’s Quantitative Impact Study (QIS) loss event categories at level 2.
GFInet launches energy option pricing software
GFInet, a maker of online trading markets, has launched new software designed to standardise options pricing in the energy market.
RiskAdvisory and Softsmith form energy jv
US-based business solutions providers RiskAdvisory Software and SoftSmiths are joining forces to supply the energy industry with a complete electronic transaction system. The integration of RiskAdvisory's Energy Book Runner and SoftSmiths' e-Merchant is…
RMS adds Canadian weather data
Risk Management Solutions (RMS), the California-based provider of products and services for the management of natural hazard risks, has added Canadian temperature data to its Climetrix weather derivatives trading and risk management system.
Kiodex launches web-based risk application
Kiodex, a US-based provider of Web-based risk management solutions for the commodity markets, has launched its flagship risk management application, the Kiodex Risk Workbench. The product is designed to assist corporations in managing their earnings…
Cygnifi files for Chapter 11
JP Morgan spin-off Cygnifi, the New York-based online derivatives service provider, has filed for voluntary Chapter 11 bankruptcy. During its Chapter 11 process, which is expected to take at least 90 days, Cygnifi said it will seek buyers for its assets…
TCG founder steps aside
Terence Chapman, founder of the Terence Chapman Group (TCG), the specialist provider of IT consultancy services to the finance sector, has stepped aside as chief executive.