RWE -- a German utility company and among the largest utilities in Europe -- will implement Trema's Finance Kit, a front-middle and back-office system, to integrate its treasury and asset-management-operations. The system will run in a Windows operating environment on MS SQL, with coverage of a variety of asset classes, including foreign exchange, interest rate derivatives, bonds and money market instruments.
The New York Board of Trade introduced Riskmaster, a new trading simulator aimed at teaching anyone in the coffee industry how to manage price risk through the use of coffee "C" futures and options. The easy-to-use program is available in both Spanish and English language versions, in CD format.
Scott Schleifer has joined The Professional Risk Manager's International Association (PRMIA) as the director of professional development. Schleifer will lead the development of the Professional Risk Manager (PRM) program as a global certification and professional development tool for risk managers. Prior to joining PRMIA, Schleifer was vice president in charge of the FRM program (financial risk manager) -- a certification program--at the Global Association of Risk Professionals (GARP).