February 06, 2015 BY Andrew Saks-McLeod

IBM Algorithmics divests from its collateral management system, sells it to SmartStream Technologies

IBM sold its collateral management system which offers a variety of functions to support the increasing use of collateral within the local and global banking community, with coverage for cleared and non-cleared over-the-counter (OTC) Derivatives Margining, Repo Margining and Securities Lending Margining to SmartStream Technologies on January 31, 2015

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February 05, 2015 BY Andrew Saks-McLeod

Ukraine's Hryvnia falls more than 45% versus the USD

National Bank of Ukraine Governor Valery Gontareva stated that the central bank can no longer support the currency with regular interventions and will now begin to allow greater variations in value, a statement which initially created a 34% decrease in value compared to the dollar, before further free fall took the currency down by 45%

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