Tech briefs

Gelber takes Ubitrade

Gelber Group, the Chicago-based trading firm that is in the process of setting up an FX desk (FX Week, August 30), has switched from Rolfe & Nolan's Risc to Ubitrade's Ubix software for derivatives processing.

Gelber uses Ubix, a back-office derivatives clearing and settlement system, for high volume back-office processing of listed derivatives.

Gelber also acquired Ubix's [email protected] module, which offers internet access, enabling clients to access their positions, statement