Futures rates should always exceed those of the corresponding forward rate agreement, finance theory states. So why did the Euribor markets contradict this in May, with a so-called negative convexity adjustment?...
Commissioner says lowering futures block trade thresholds skirts the intent of Dodd-Frank
In this paper (in English and German), Genscape has analysed Combined Heat and Power or Central Heat and Power (CHP)production in the German market, the challenges it raises for market participants, and the key steps required to address the fundamental lack of transparency in CHP plant production.
More Futures articles
Lower margin levels for swap futures could drive up risk-weighted assets for dealers, and erode the product's advantage, panellists argue
Brent crude oil offers a window for airlines and refiners to lock in prices, but opportunity won’t last forever, say analysts
In this paper, Christian-Oliver Ewald, Roy Nawar and Tak Kuen Siu study the performance of locally risk-minimising hedging strategies in the context of futures and options written on crude oil. In contradiction to prior research, the authors show it is...
Clearing rules for over-the-counter derivatives are prompting buy-side firms to revisit long-standing futures clearing relationships, with some customers choosing to house both sets of business in the same place. Big swaps players say this hands them...
Jack Schwager (pictured), best known for his Market Wizards books, sees capacity constraints as a potential problem for hedge funds as strategies become overcrowded and traders lose their edge
Last month saw the launch of a template for a new standardised interest rate swap product – an attempt to protect swap market liquidity from the threat of futurisation. The first product based on the template could be launched within weeks, but even...
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
Hong Kong, 1st - 31st Dec 2014
Japan, 24th Apr 2014
Japan, 24th Apr 2014
USA, 30th Apr 2014
USA, 8th - 9th May 2014