• Risk Management

      • * 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.
      • * 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 Network to distribute real-time news services and content.
      • * 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 International Securities Exchange.
      • * 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.
      • * 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 operating officer of the Depository Trust & Clearing Corporation, has announced that he will retire from this position effective at the end of April.
      • 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.
      • Rolfe & Nolan says the company will de-list from the London Stock Exchange. ; The International Securities Exchange (ISE) launches a virtual-private-network connectivity solution. ; Deutsche Brose AG expects earnings before interest and taxes (EBIT) to total $470.8 million to $492.2 million, according to chief financial officer Mathias Hlubek.
      • ;Soros Fund Management LLC licenses Algo Collateral solution for OTC derivative margining from Algorithmics Incorporated. ;The European Bank for Reconstruction and Development goes live with Accurate Software's Operational Risk Management solution. ;On April 9th, Derivatech will sponsor a free Lepus seminar. See www.lepus.co.uk for more information.
      • Commonwealth Bank of Australia goes live with SunGard Trading Systems/FRONT eGlobal Trader; Creditex opens Singapore office in response to the global credit-derivatives market; Unicredit Servizi Informativi goes live with Rolfe & Nolan's RANmargin product.
      • Financial institutions expand into derivatives and fixed income building complex, distributed-computing environments, networking high-end Unix servers to meet the needs of traders and risk managers
      • Algorithmics partners with Agena to integrate assessment functionality into the Algo OpRisk solution. ;FT Interactive Data expands its BondEdge fixed-income portfolio-analytics product. ;The State Bank of India set to deploy anti-money laundering software from STB Systems in Hong Kong branch.
      • 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.

Thought Leaders

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