MB Risk Management (MBRM), a London-based financial analytics company, has bought the entire intellectual property rights of JP Morgan spin-off Cygnifi Derivative Services from its bankruptcy trustees.
The software company purchased the non-exclusive assets for a six to seven figure US dollar sum to consolidate its position in the marketplace, MBRM president and chief executive Mamdouh Barakat says.
The deal was struck in December, and MBRM has already made a Cygnifi spreadsheet-based multi-
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails