Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk Management

11:00 AM
Connect Directly


Fitch Risk's OpVantage releases enhanced version of OpVar software; SunGard Trading and Risk Systems releases new version of Credient credit-risk management system; Wing Hang Bank signs on Reuters' Kondor+ and Reuters Trade Processing.

Fitch Risk's OpVantage has released an enhanced version of its OpVar software for operational-risk management. OpVar version 5.0 enables end users to collect operational-risk data, analyze loss probabilities, scale losses to their firm and determine operational-risk profiles, including operational Capital-at-Risk. New functionality includes a data-collection module enhanced with workflow and audit-trail capability, a new curve-fitting tool that seamlessly integrates with the data analysis and simulation modules, improved process-data management and infrastructure and security enhancements.

SunGard Trading and Risk Systems has released a new version of its Credient credit-risk management system. Credient 2.1 now features CreditVaR calculations and support for issuer risk and credit derivatives. The enhanced system also includes more support for integrated credit-portfolio analysis and exposure modeling as well as data aggregation and reporting to comply with Basel II. The Credient upgrade also incorporates exposures from credit-derivative instruments, which are included in overall credit-portfolio analyses.

Wing Hang Bank, which has branches in Hong Kong, Macau and China, has signed on for Reuters' Kondor+ and Reuters Trade Processing for front-office trade capture and risk management. Wing Hang Bank will use Kondor+ and RTP for deal capture, position keeping and risk management across a range of products including foreign exchange, money market and derivatives.

Register for Wall Street & Technology Newsletters
Inside Abel Noser's Trading Floor
Inside Abel Noser's Trading Floor
Advanced Trading takes you on an exclusive tour of Abel Noser's New York trading floor, where the agency broker known for transaction cost analysis, is customizing algorithms for the buy side, while growing its fixed income trading and transitions business.