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Risk Management

07:53 AM
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Creditex launches chat-facilitated real-time trading platform; Aquila selects SunGard Trading and Risk Systems for cross-commodity trading and risk management; Robert Benson is appointed board director at Tamesis.

Creditex, the online marketplace for credit derivates, has launched RealTime, a chat-facilitated real-time trading platform. RealTime was developed in-house by creditex's technology team in response to dealer feedback and the need for faster price updates in the credit derivatives market. The application enables traders to monitor and update positions using a spreadsheet-style interface. RealTime also is fully integrated with secure and audited instant messaging functionality. It is being tested and will be rolled-out to liquidity providers in New York and London over the next few months.

Aquila, an energy wholesaler, has selected SunGard Trading and Risk Systems' Panorama system for cross-commodity trading and risk management. Aquila will use Panorama for real-time limit checks, portfolio valuation and management, P&L, credit limit management and credit exposure. Aquila will also use Panorama's Value-at-Risk functionality including historical and Monte Carlo VaR. Panorama supports a range of commodities traded by Aquila, including power, gas, coal, crude and refined oil, fixed income, interest rate, foreign exchange and money market instruments.

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