RISK-MANAGEMENT NEWSFLASHES

Misys Risk Management Systems is partnering with Almonde, a French software vendor, to develop and deliver systems and services designed to help clients comply with Basel II and anti-money laundering (AML) regulations.

The new product will be based on Misys' risk-management platform, Risk Vision, and Almonde's Basel II and AML products.

Misys says the two products will be integrated to provide a comprehensive framework for regulatory compliance. Shawn McMorran, chief executive officer, Almonde, states in the release, "This alliance will provide a sound platform to enable financial institutions to focus on regulatory compliance and beyond, to effectively optimize their economic capital concerns."

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Societe Generale Corporate & Investment Bank (SG CIB) is installing TraderTools' real-time foreign exchange order management system, OrderTools, to help reduce operational risk. The system will be installed at its global institutional sales offices in New York, London and Sydney. Jay Green, head of e-commerce at SG CIB, New York, states in the release: "Its database-replication feature allow us to pass the book seamlessly between offices on opposite sides of the world."

SG CIB will use the technology to upgrade its electronic foreign-exchange ordering system with spot orders, forwards and futures, including exchange for physical (EFP) synthetic contracts.

Order Tools is a component of the vendor's STPlatform trading system, allowing users to enter foreign exchange limit orders and execute and manage conditional orders.