Technology/Foreign exchange
Matchmakers
Post-trade confirmation in the energy market, once slow and prone to error, is becoming increasingly efficient due to the successful rollout of trade confirmation standards. David Watkins looks at how two of the competing standards have developed
Clearing the way
The Futures and Options Association has called on UK power market participants to come forward to help develop the market's structure. Chris Cook proposes an enterprise model that aims to overcome the obstacles to co-operation
UBS launches multistrategy commodity platform
UBS has launched an algorithmic trading platform for commodities, the UBS Commodities Portfolio Algorithmic Strategy System (Comm-PASS).
Is it really alpha?
Hedge funds often characterise their mission as the pursuit of pure alpha. A growing body of research, however, argues that a significant proportion of observed hedge fund returns are really alternative beta. David Rowe considers the implications for the…
Putting backlogs up front
Equity Derivatives
Take me to your interdealer
Hedge funds
CDS portfolio trading platform hits market
Creditex launches online auction service for trading bulk CDS, named Q-Wixx, that it claims will cut costs and risk for dealers and CDO managers
Trio of vendors spearheading Basel credit risk work
SAS, SunGard, Algo lauded by Chartis
The net widens
Grid computing is ubiquitous in investment banking, yet until now the energy trading and risk management space has been slow on the uptake. This looks set to change, reports David Watkins
Operating optimally
The increase in energy trading in recent years has brought significant opportunities but also a rise in operational risk, leaving systems struggling to keep up. Barney Brown at Detica identifies some areas of operational risk deriving from both internal…
Up in the air
Rising wind power prices are encouraging US producers to turn to the short-term and spot electricity markets. Increasingly sophisticated risk management techniques may follow. David Watkins reports
Full steam ahead for FFAs
The freight derivatives market has attracted an influx of new players recently thanks to the spread of clearing. With more banks and hedge funds poised to enter, Roderick Bruce looks at what opportunities the market offers and how it needs to develop next
The technology test
Trading systems
Futures: The countdown begins
Special Report - China
Outsourcing options
Hedge funds
Spreading the risk
Technology
Mounting problems
India Risk - Basel II
Liability conundrum
Special Report - China