Content tagged with Risk Management posted in April 2003
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Risk Management Briefs
RWE to implement Trema's Finance Kit; The New York Board of Trade introduces Riskmaster; Scott Schleifer joins The Professional Risk Manager's International Association (PRMIA).
Uncertainty Slows Preparation for Basel II
A lack of clear direction by regulators is causing some to adopt a wait-and-see approach to preparing for the implementation of Basel II.
Risk Management Briefs
Asset Control introduced AC Contour, a comprehensive and flexible tool for creating and visualizing curves and surfaces used in financial markets; Sophis introduced VALUE v2.0, a new version of its fund and risk-management software for the buy side; Principia Partners announced enhanced credit-derivatives functionality in the Principia System version 4.0, including comprehensive-instrument coverage.
Benefiting from Compliance Technology
A tough economy has one hedge fund exploring trade-compliance technology and finding creative ways to finance it.
FX Prime Brokers Rally Around Give-Up Trades
Three top foreign-exchange prime-brokers are joining forces to automate the process for reporting give up trades. The Harmony service will replace an existing manual process and reduce operational risk.
ELECTRONIC TRADING BRIEFS
* Pershing LLC is offering its customers access to Dene International's Dene Gate Software.
* NYFIX Transaction Services received approval to become an Electronic Access Member of the International Securities Exchange.
* Swapstream reached an agreement to interface with SwapsWire, an integrated, electronic- processing-network for derivatives.
* TradeWeb reports an 80 percent increase in trading of fixed-income securities during the first quarter of 2003.
MARKET DATA BRIEFS
* Merrill Lynch has signed a six-year agreement with Dow Jones Newswires to provide a suite of real-time news and information products.
* Charles Schwab and CyberTrader announced that their active trader clients will be able to access a new direct streaming real-time quotation service.
* Telekurs and Financial Technologies International are combining products to create StreetReference with Telekurs.
* SunGard Market Data Services announced that it has entered into an agreement with Comtex News N
RISK-MANAGEMENT TECHNOLOGY
* Issues surrounding Basel II topped the list of key issues facing risk professionals, according to a survey conducted by The Professional Risk Managers' International Association and Reuters.
* Algorithmics struck an alliance with Cicada Corporation and Investors Guaranty of Zurich to develop a suite of reference data and managed-risk-solutions for compliance with Basel II and other regulations.
* NYFIX Transaction Services received approval to become an Electronic Access Member of the Internat
INVESTMENT-MANAGEMENT TECHNOLOGY BRIEFS
* Insight Investment has introduced a front-office suite from LatentZero to service its entire operation.
* Stanlib Asset and Wealth Management recently implemented technology from DST International to consolidate its front- and back-office operations.
* Financial Models Company has released a fixed-income attribution module for FMCSylvan.
OPERATIONS BRIEFS
* Fidelity Investments announced it has reached agreement to acquire
Correspondent Services Corporation from UBS PaineWebber.
* The Board of Trade Clearing Corporation announced that it will
expand the security classes to include municipal bonds, corporate
bonds, commercial paper and certain additional government-agency
securities.
* JPMorgan Investor Services JPMIS) announced that it has been
appointed as global custodian by TKP Pensioen BV of the Netherlands.
* Dennis J. Dirks, chief operati
Risk Management Briefs
RiskMetrics Group, Inc. acquires Arrakis, the analytics implementation and infrastructure underlying JPMorgan Chase's Morgan Online.
; Schering A.G chooses Trema Finance KIT to handle its treasury, risk, cash and asset-management operations.
; OpRisk Analytics joins PRMIA as major corporate sponsor to promote sound risk-management standards and practices, globally.
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