Askari Plans Upgrade for RiskBook Using Extensible Markup Language

RISK MANAGEMENT

NEW YORK--State Street's Askari subsidiary is scheduled to release a reengineered version of RiskBook--its enterprise risk management system--later this year. The system will make substantial use of Extensible Markup Language, or XML, and will feature a risk-adjusted framework and Web-based report generators.

The upgrade will let users structure financial instruments quickly, manage risk and disclose position information to clients.

With the upgrade to RiskBook, a trader, risk manager and

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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