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Risk Management

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Risk Management Briefs

Danske Bank goes live with Algo Collateral from Toronto-based Algorithmics to expand its margining activities and collateralized counterparties; Summit Systems, Inc. to release a new application called Multi Underlying Structured Trade (MUST); Europe's first pan-European central counterparty (CC) went live on Monday, May 5.

Danske Bank of Denmark has gone live with Algo Collateral from Toronto-based Algorithmics to expand its margining activities and collateralized counterparties. Danske is the first Scandanavian bank to run Algo Collateral in production, which has been implemented by more than 40 Algortihmics clients worldwide. This follows the 2002 ISDA Margin Survey that showed that an increasing number of institutions are coming to rely on risk-managed collateralized-trading.

Summit Systems, Inc. is releasing a new application called Multi Underlying Structured Trade (MUST), allowing front-office traders to create new trade types whose underlying instruments span multiple asset classes - such as interest rates, foreign exchange and equities. Characteristics can include any number of heavily customized trade legs with embedded payoff formulas, plus user-defined variables that encompass trade-input options and intermediary-payoff variables to model path dependency or output variables.

Europe's first pan-European central counterparty (CC) went live on Monday, May 5, according to an announcement by Virt-x Exchange, the London Clearing House(LCH) and SIS x-clear o the Swiss central counterparty. The structure supports two interlinked CCPs provided by LCH and x-clear. At the market close on Monday, 28,164 trades were cleared for settlement on Thursday, May 8. Among the benefits for vir-x and its members are risk management, optional-settlement-netting and post-trade anonymity.

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Inside Abel Noser's Trading Floor
Inside Abel Noser's Trading Floor
Advanced Trading takes you on an exclusive tour of Abel Noser's New York trading floor, where the agency broker known for transaction cost analysis, is customizing algorithms for the buy side, while growing its fixed income trading and transitions business.