Latest Wholesale banking News: Finextra Research

Fairfield Greenwich selects Measurisk ASP for hedge fund portfolio

ASP-based risk management vendor Measurisk has been selected to provide value-at-risk (VaR), exposure reporting and stress testing measures for the Fairfield Greenwich Group's multi-manager hedge fund portfolio.

30 January 2002

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Depfa Bank extends Summit software from front to back office

Depfa Bank has extended its use of Summit Systems’ software to include additional users and a raft of new instruments, risk management and back office modules.

30 January 2002

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Candle and Javelin enter STP alliance

Middleware vendor Candle and FIX-based trading systems house Javelin have entered an alliance to provide a set of integrated STP business services for multilateral connectivity between financial institutions.

30 January 2002

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Setec smart cards to secure Polish EFT system

Poland's national interbank clearing house KIR ((Krajowa Izba Rozliczeniowa SA) is introducing PKI-based smart cards from Setec to create a secure communications channel with Polish bank branches for transactions conducted over the Elixir national funds transfer system.

30 January 2002

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Financial Fusion hits profitability after strong fourth quarter

Sybase trading systems subsidiary Financial Fusion is set to report its first profitable quarter after recording better than expected Q4 revenues.

30 January 2002

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Hedge funds bemoan broker IT failings

Prime brokers in the US and Europe are failing to maximise the huge commercial opportunities in the hedge funds industry - worth $500bn in the US and $75bn in Europe in 2001 - due to poor levels of operational efficiency, according to a new report by London based TCA Consulting.

30 January 2002

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IntesaBci licenses Novadigm's Radia for IT asset management

Italy's largest bank holding company, IntesaBci, has licensed Novadigm's Radia products to manage IT asset inventory and software for Microsoft Windows at 50,000 desktops enterprise-wide.

30 January 2002

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In memoriam: Iain Antill

The funeral was held this morning of Iain Antill, a much-loved and respected member of the financial technology community, who died suddenly of a heart attack last week.

29 January 2002

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Algorithmics to offer risk software via Bloomberg

Bloomberg and Algorithmics have forged an alliance to deliver pre-integrated trading and risk management solutions to Bloomberg Professional subscribers.

29 January 2002

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Omgeo adds Marson, Brown to board; strikes deal with SmartStream

Trade management utility Omgeo has announced the addition of Michael Brown, managing director at Barclays Global Investors, Europe, and Jacques-Philippe Marson, president and CEO of BNP Paribas Securities Services, as board-level industry representatives.

29 January 2002

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Euroclear to implement Thales credit risk system

Euroclear is to use the Asterisk global credit risk management system from Thales Information Systems as the basis for the design and build of a bespoke counterparty database in support of its banking operations.

29 January 2002

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Global Crossing files for Chapter 11

Global Crossing, which provides network services to interbank messaging utility Swift, has filed for Chapter 11 protection from its creditors, taking its place as the fourth largest US bankruptcy in history.

29 January 2002

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