Northern Trust has gone “live” with Algorithmics’ stochastic credit exposure measurement for its trading portfolios across its foreign exchange operations in London, Chicago and Singapore. This implementation combines Algorithmics’ credit simulation functionality with its pre-deal limit functionality and the AlgoMarket solution, already in place at Northern Trust. A stochastic approach to potential future exposure calculations provides a more accurate credit-risk modelling and will enhance the institution’s risk measurement, performance measurement, capital allocation and planning activities. Northern Trust also employs Algo Credit for pre-deal limits management to support intra-day and continuous trading operations.
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.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.