Infinity Acquires OSM For Collateral Management

Infinity, a SunGard Company, has acquired One Stop Margin (OSM), a global collateral management system from Synamic Ltd. Officials say the addition makes Infinity the only financial technology vendor to offer a credit risk mitigation system that works across financial assets and is already live at client banks. “With large volumes of high value trades […]
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CME Lowers Costs To Retail Investors

In an effort to draw more retail investors to its trading floors, the Chicago Mercantile Exchange has lowered the cost of market quotes to this market sector. Under the programme, a new class of “non-professional investors” will be able to subscribe to all CME price and volume data in each of the four product areas […]
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Tibco & Screen Consultants Offer Banks Tighter Management Control of Financial Information Costs

Tibco Finance Technology and Screen Consultants have linked to provide an integrated solution to manage and distribute detailed analysis of information usage. Screen Consultants’ INFOmatch allocates an organisation’s central contract costs to pre-defined cost centres, which assists in measuring the cost and profitability of trading departments by location, by desk or by user. Other facilities […]
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Leonia Bank Selects Global Trading Operations

Finland’s second largest commercial bank, Leonia Bank, has taken Bank One Corporation’s Global Trading Operations (GTO) to process FX transactions. The system will be rolled out in the first quarter of 2000. Leonia, which recently announced a merger of equals with Finnish Insurers Sampo, says it is forming the first “full-service” financial group in Finland. […]
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FX Committee Issues Y2K Best Practices for Clearing and Central Banks

The Foreign Exchange Committee, which is sponsored by the Federal Reserve Bank of New York) has issued a set of Best Practice guidelines to be followed if Y2K events occur within the FX market. The FX Committee jointly issued the guidelines with the Australian Financial Markets Association, The British Bankers’ Association, the Canadian Foreign Exchange […]
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Mpct Solutions Brings Two STP Products to Market

Mpct Solutions is releasing two new products – Atlas.FX and Atlas.MM – to market under the ATLASdot brand name. The systems provide 24-hour straight-through processing. The systems work to automate routine decisions, thus eliminating manual processing and providing error-free processing from deal inception to settlement, says an official. ATLASdot provides rule based processing, integrated risk […]
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Bank of England Outlines Y2K Preparations

The Bank of England has been making active preparations to promote orderly market conditions over the Y2K period. The successful testing of the key sterling market systems – CGO, CMO, CREST and RTGS – reported in the Bank’s “Blue Book” series gives assurance to market participants that the infrastructure will operate normally. In parallel, the […]
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John Hull Named Infinity Financial Engineer of the Year

Infinity, a SunGard Company, and the International Association of Financial Engineers (IAFE) announced that John Hull, professor of finance in the Joseph L. Rotman School of Management at the University of Toronto, has been named as the 1999 IAFE/Infinity Financial Engineer of the Year. The award was presented to Hull at the IAFE 1999 conference […]
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EccoWare Launches Range in Chicago

EccoWare launched its product range at last month’s FIA, Futures & Options Expo. The company, founded by Jonathan Cowan and Dan Eccleston, was formed earlier this year to build electronic trading and risk management software. EccoWare’s systems provide multiple exchange connectivity, extensive pre- and post-trade risk management, as well as sophisticated strategy execution software to […]
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DC Reflects on 30 of the Past 50 Years

  By David Clark When the editor asked me to write a piece for her about some of the memories of my time in the market, I cursed myself that I had not kept a diary other than my appointments and travel diaries. Although these serve to act as a memory jogger, they don’t capture […]
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