Technology
MBRM offers options on convertible bonds
Derivatives software firm MB Risk Management (MBRM) is to offer an online capability to price and risk-manage options on convertible bonds as a new feature to its Universal Convertibles Add-ins.
eSpeed boosts intellectual property portfolio
Cantor Fitzgerald spin-off eSpeed has stepped up its efforts to gain a competitive edge by purchasing the Lawrence patent, which protects the electronic bid-wanted auction model used by eSpeed and several of its competitors for trading municipal bonds…
Barclays Global Investors installs BlackRock's Aladdin
Barclays Global Investors (BGI) has enlisted BlackRock Solutions' Aladdin enterprise investment system for its fixed-income risk analytics and processing. The investment arm of the UK’s Barclays Bank went live with Aladdin for domestic active fixed…
TT becomes latest service provider casualty
Trading Technologies (TT), a multi-market trading screen technology provider for exchange-traded derivatives, has become the latest casualty of the global economic slowdown, and has unveiled restructuring plans that included 37 job losses and the closure…
RMS upgrades Hawaii hurricane model
Risk Management Solutions (RMS), the California-based provider of natural hazard risk modelling, has released an upgraded Hawaii Hurricane model that offers improved risk assessment capabilities to insurers re-entering the Hawaiian market for hurricane…
Investec extends Front system to FX
Investec has extended its use of Front Capital Systems' Front Arena to support its global FX trading.
Basel II delay gives chance for other advanced op risk approaches
The year-long delay to the coming into effect of the Basel II banking accord means global banking regulators can study a broad range of advanced approaches to calculating an operational risk capital charge.
Basel accord brings segmentation issues for systems companies
Basel II will segment the market for firms providing IT services to banks.