First Chicago Tokio Marine Financial Products Co., Ltd (FCTM), a joint venture between Bank One Corp. and Tokio Marine and Fire Insurance Co., announced a decision to implement front-to-back modular software solutions from Summit Systems. FCTM said it intends to ‘reap cost-efficiencies and performance advantages’ from Summit’s integrated, real-time STP platform. Trading capabilities will include support for listed futures, OTC options and derivatives, and credit instruments. Parametric Delta/Gamma/Vega VaR and optimized Monte Carlo VaR lead the list of advanced risk management analytics, while Summit’s STP workflow servers mediate the lifecycles of trades and portfolios maintained within the system.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.