Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk Management

09:47 AM
Connect Directly


* Reuters appoints Greg Meekings as CIO to head all internal business systems and administration. * Tullett Financial Information launches its SwapMarkerNorthAmerica on Bloomberg. * The Relegence Corporation teams up with Dow Jones Newswires to distribute real-time Dow Jones news.

Dusseldorf, Germany-based WestLB AG has selected SunGard Trading and Risk Systems' Credient solution for monitoring and controlling credit risk in real-time. The Credient solution will be the center of a new architecture WestLB is adopting for exposure calculation and limit management. Hosted at SunGard Availability Services' European data centers, Credient will be delivered to users through a Web browser. Credient will also have automated deal capture links to WestLB dealing systems.

Four financial institutions have signed on as beta partners to test one or both of OpRisk Analytics' operational-risk-software solutions. The Bank of New York, Deutsche Bank, Fortis Bank and Societe Generale will test OpRisk's OpRisk Monitor, a Web-based internal loss data, control/risk assessment scorecard and risk indicator tool as well as OpRisk VaR, a data-analysis and VaR-modeling tool. Both tools were developed in collaboration with IBM and are scheduled for general release in December.

Westbridge Technology has released its Westbridge XML Message Server (XMS) for securing and monitoring Web services. The Westbridge XMS solution provides XML-application firewall technology to compliment existing network firewalls to secure any XML Web service network. The solution also provides authentication, authorization, encryption, digital-signature support, real-time monitoring, auditing and protection against application-level attack.

Decisioneering has appointed Dr. Johnathan Mun Vice President of Analytical Services. Mun will be responsible for Decisioneering's training and consulting groups and will work to increase the acceptance of risk analysis and modeling within companies. Previously, Mun was a consulting manager in KPMG Consulting's Global Financial Strategies Practice.

Register for Wall Street & Technology Newsletters
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.