Algorithmics is to offer a distributed computing version of its Algo Suite of enterprise-wide risk management solutions utilising LiveCluster 3G, the application infrastructure platform provided by DataSynapse.

Apt Computer Systems has announced that Beauchamp Financial Technology has fully integrated the Apt Enterprise FIX Server engine into its latest software package, OrderManager.

Bear Stearns has gone live with Rolfe & Nolan's automated reconciliation and task management systems, RANrec and RANtask, initially in its futures and options processing area.

Bayerische Landesbank has selected OM's Institutional Order and Trade Management solution.

Beauchamp Financial Technology has been selected by Angelo, Gordon & Co to provide software that includes integrated trading, portfolio management and accounting software.

City Networks has upgraded its CityNet Enterprise Reconciliation Module (Insight). The new version of the module, v3.2, adds The Insight Report Reader, which simplifies the process of extracting data from internal systems.

Euronext Liffe has successfully transfered all Amsterdam futures and options from open outcry trading to screen trading. The number of contracts traded increased by an average of 79% following the move. The exchange completed this migration three months ahead of schedule.

FXall has added four new banks - Commonwealth Bank of Australia, Fortis Bank, SvenskaHandelsbanken and WestLB - to its list of providers.

GFI Group has announced a new agreement with Merrill Lynch (ML) to roll out Fenics FX, the FX exchange pricing and analysis tool, to more than 100 users globally. ML plans to use Fenics as the global standard interface for all of its FX option trading and sales activities.

Eurogen, Interpower and Electrone, (three of Italy's leading electricity companies) have selected KWI's kW3000 GME Bid Manager product to allow them to introduce best practice and streamline internal processes.

LaSalle Bank has expanded its relationship with SunGard Asset Management Systems to help facilitate its straight-through pro- cessing (STP)/trade date + 1 (T+1) initiative.

London Metal Exchange (LME) has agreed contract terms with Cin-nober Financial Technology to design and build a new electronic matching and registration system for LME and to take forward LME's electronic trading platform, LME Select. Both projects will be com-pleted and implemented in Q4 of 2003; the total initial order value is £2m.

MB Risk Management (MBRM) has announced four new initiatives in market, credit and operational risk to increase users' competitive edge at a user, desk or enterprise analytics level.

Online multibank fx trading has taken off, new research has shown, and the fight for viability is about to be won (or lost). Volumes under-taken on these platforms have doubled in the last six months, according to a study by the research and analysis firm, ClientKnowledge. ClientKnowledge estimates that there are three platforms accounting for the vast majority of this flow: State Street's Global Link plat-form (FX Connect); Currenex, an independent  business owned by its management and investors and FXall, the bank-owned consortium.

Penson Worldwide is to use SunGard Securities Processing's STN Settlements for its London affiliate, Penson Worldwide Settlements.

Prebon Energy has launched a new online trading platform called Prebon.net.

RBS Greenwich Capital has selected FNX's Sierra ASP service to support its foreign exchange accounting needs.

Refco has released Refco Pro-Trader, the front-end dealing system developed under its joint venture with EasyScreen.

Regions Bank has completed implementation of OpenLink's Findur as its interest rate derivative products platform at the bank's trading centers in the US.

SDS Applications has launched a new release of its SDS Metals soft-ware to manage groups of accounts. Man Metals is to implement the new release.

SmartStream Technologies, has announced that Mirabaud & Cie has chosen Corona - SmartStream's modular application for transaction processing, to form an integral part of its Straight Through Processing (STP) strategy.

Sophis has signed a license agreement with AXA Investment Managers. Structured Asset Management (SAM) of AXA IM is using VALUE front and middle office for its convertible bonds activity,  including its new Irish convertible bond arbitrage hedge fund AXA Vega.

Summit Systems has introduced Version 3.4 of its modular product suite, which allows more flexibility and power from the firm's broad array of real-time STP business modules.

SunGard Trading Systems has launched MatchMaker, a real-time interface between BRASS and Omgeo OASYS Direct, a direct TCP/IP connection for electronic trade allocation and acceptance..