Energy
Dealers debate regime change in US interest rate volatility
Has the US interest rate options market entered a new period of sustained higher implied volatility? Deutsche Bank says yes, but other leading dollar interest rate derivatives dealers say it is too early to tell. Mortgage investors and options writers…
GFI and ACM offer online freight derivatives
New York-based brokerage GFI has teamed with shipping brokers ACM in London to offer online freight derivatives trading on GFInet, the firm’s electronic broking platform.
Falling down
The convertible arbitrage sector has performed well over the past few years, but with interest rates bottoming out and equities being squeezed many believe the sector could be heading for trouble
UK’s controversial emissions market sees first trades
The UK’s new government-sponsored greenhouse gas emission trading scheme (ETS) has seen its first trades since its launch on February 2. An anonymous deal was traded yesterday between a global oil major and a large industrial company. London-based staff…
Green scheme down under
Robin Lancaster reports on Australia’s government-mandated renewable energy certificates market, which – after a slow start – is expected to pick up fast
Stand-off over hub plans
German firms Ruhrgas and BEB Erdgas & Erdöl and Norway’s Statoil say they want to work with Gasunie on developing the northwest European natural gas trading hub. Gasunie is making similar noises. So why the separate plans, asks Peter Joy
Floating towards disaster
Argentine peso risk
Towards the mainstream
Emerging forex modelling
Credit adaptation
Credit insurance
Job moves
QUOTE OF THE MONTH: - “I have come to you with a problem – we need to outsource our balance-sheet funding” From an e-mail sent last year by John Rusnak to an unnamed counterparty, referring to his deep-in-the-money options trades, or ‘synthetic loans'.
Servicing the e-industry
Investing in IT infrastructure development is essential in today’s often fractured environment of rival software languages and specific trading needs. Clive Davidson discovers what is on offer to bring these disparate elements together
Scaling the wall
Corporate hedging
Crude futures hit six-month highs
Crude oil futures on the New York Mercantile Exchange (Nymex) hit six month highs of $25.61 a barrel (bbl) on March 21 as a combination of rising demand, continued supply curbs and fears of US action against Iraq drove prices higher.
Talent spotting
Ronald Neumunz tells Jeff Benjamin why LJH is drawn to Europe and how the company plans to capitalise on the emerging hedge fund management talent
'The Day the Bubble Burst'
By Gordon Thomas and Max Morgan-Witts (1979)
Merchants’ Exchange expands into energy futures
The Merchants’ Exchange, the tiny St Louis-based independent trying to make a niche for itself in electronic commodity derivatives trading, is to list six new energy futures contracts.
BHP Billiton buys into weatherXchange
Anglo-Australian mining giant BHP Billiton has bought a 7.5% stake in weatherXchange, an online weather derivatives data service, set up by the UK’s Meteorological Office and London-based Umbrella Brokers in June last year. BHP Billiton has an option to…
Weather risk solutions
Germany
Opening up Germany’s gas market
Germany