New risk management system to address &quotRusnak&quot factor

GFT Technologies, a European software company, has developed a new system which it believes will help beat the type of risk exposure which allowed Allfirst trader John Rusnak to lose $750m (€858.5m).

GFT Clarity, a new technical solution designed for use in financial markets, is aimed specifically at the middle office and controlling functions of investment banks.

WSJ Logo
Bill Ackman’s Pro-Tennis Debut Lasted 67 MinutesExternal link

Bill Ackman’s Pro-Tennis Debut Lasted 67 Minutes