Buy-Side Technology/News
Commodities start-up manager live on SunGard Kiodex
Clive Capital, a recently launched London-based commodities hedge fund manager, has implemented SunGard's Kiodex Risk Workbench browser-based commodities risk management product in order to rapidly deploy trade capture and risk capabilities for its new…
DTCC and CLS unveil OTC settlement scheme
The Depository Trust & Clearing Corporation (DTCC) and New York-based CLS Bank have jointly launched a central settlement service for over-the-counter (OTC) derivatives.
This Month In Numbers
'What they do is calculate their exposure to a single name, Daimler Chrysler, for example, across all 20 deals. You need tools for that, but unfortunately a lot of banks just sell you a deal and give you monthly updates on your risk'
Markit steams ahead with Boat acquisition
UK-based data vendor Markit has entered into an agreement to acquire pre- and post-trade data publication utility Boat from the nine-bank consortium that owns it. Neither party are disclosing details of the transaction at this stage, although the new…
Banks take shares in Chi-X as volumes soar
Global agency broker Instinet announced last month that a consortium of 13 firms had taken an undisclosed minority holding in Chi-X Europe, the operator of Europe's first pan-European equity multi-lateral trading facility (MTF). Instinet will remain the…