Wells Fargo to Clear Interest Rate Swaps Via CME
Wells Fargo & Co., which has been working with the Federal Reserve to reduce risk in the derivatives trading industry, announced it will clear over-the-counter interest rate swaps through CME Group.
Nuance Communications Releases New Voice Biometrics Platform
Nuance’s VocalPassword targets automated remote verification based on an individual’s voice, while Nuance FreeSpeech performs verification and fraud detection in the background of conversations between callers and agents in the contact center.
Markit Acqures QuIC
The acquisition will enable Markit to meet the growing demand for risk analytics and enterprise-wide risk management services.
Hedge Fund Industry Set to Surge in 2011
The hedge fund industry is poised to surge in 2011 due to a strong fund raising climate and a coming spike in new fund launches, according to the consulting firm Agecroft Partners.