• Risk Management

      • * JPMorgan will begin this July to beta test MorganRisk, a new ASP (application service provider)-based service to measure market risk.
        * ABN AMRO was a awarded a major CLS (Continuous Linked Settlement) third-party services mandate by Banca Akras of Italy.
        * FNX established a regional customer support and software development center in Bangkok, Thailand.
      • Creditex, Inc, teamed up with Gimme Credit to form Credit Derivatives Research LLC, a new company that will provide independent, third-party analysis and research of the growing global credit derivatives market; The International Securities Exchange, for the fourth consecutive month, traded more equity options than any other U.S. options exchange in May.
      • The Boston Stock Exchange selected Radianznet as one of the options to give institutions secure network access to the new market; Sinochem picked TradeCapture's ICTS Symphony to track and manage its international crude oil and refined products trading business; Bayerische Hypo-und Vereinsbank (HVB) based in Munich, has gone live with SunGard Trading and Risk Systems' Monis Convertibles Analyzer.
      • Standard Bank has gone live with Algo Collateral within its South African operations; Cheyne Capital Management signed a three-year deal with Make-it Partners for the daily supply of credit-derivatives swap-data; Dr. Michael Ong has joined the Professional Risk Managers' International Association (PRMIA) Academic Advisory Council.
      • Banca Akros SpA selects Summit's Transact ASP platform for foreign exchange (FX) cash and FX option trading; A survey of over 2,000 members of PRMIA in the Americas shows that only 16 percent of respondents felt that their risk-management department was being used effectively; Dr. David Gilbert joins eRisk as president and chief executive officer.
      • Portfolio modeling may help keep investment firms safe, sound and profitable in uncertain times, but some say even the most advanced technology can't replace the human touch.
      • Retail financial-services firms are betting on a risk-based approach to wealth management. While some are now running complex Monte Carlo simulations on the desktop, the bigger challenge could be changing brokers into risk advisers.
      • Gottex Brokers to become the first member of Swapstream; Harborside+ has linked its service for matching large-block-equity indications of interest (IOIs) to Nasdaq's Liquidity Tracker; Fimat Group appoints Thomas Kloet as chief operating officer of Fimat, USA, Inc.
      • Danske Bank goes live with Algo Collateral from Toronto-based Algorithmics to expand its margining activities and collateralized counterparties; Summit Systems, Inc. to release a new application called Multi Underlying Structured Trade (MUST); Europe's first pan-European central counterparty (CC) went live on Monday, May 5.
      • The International Securities Exchange connects to a communications infrastructure developed by Con Edison Communications (CEC) for the Securities Industry; Automation Corporation (SIAC); Citisoft launches a Risk and Performance Service aimed at helping asset managers to deliver cost --effective solutions required for analyzing, presenting and managing risk and performance; Eurex will attempt to enhance the efficiency of netting risks for derivatives transactions through so-called cross margining.
      • 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).
      • 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.

Thought Leaders

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