Feature
Calyon reduces equity derivatives risk profile in restructuring
Calyon will centre its business around structured finance, equities including brokerage and equity derivatives, and fixed income following the implementation of a restructuring plan that was explained at a briefing in Paris this afternoon. The…
Natixis snares hedge fund replication index licence
Natixis Investment Bank has obtained a licence to use the IndexIQ hedge fund replication index to create multiple structured investment products for institutional and retail investors across Europe and Asia.
Update: Merrill lists hedge basket inverse tracker certificate on DIFX Trax
Merrill Lynch has listed a 10-year Gulf Cooperation Council hedge basket inverse tracker certificate on DIFX TraX, the structured products platform of the Dubai International Financial Exchange.
Getting IT right
With voluntary carbon markets growing rapidly, registries are springing up to facilitate trade. Many companies, however, have not begun the crucial work of developing such internal systems. William J Scotti of Meradia Group offers some suggestions
The shape of things to come
As Australia gears up for its emissions trading scheme in 2010, Anthony Collins of the Australian Securities Exchange examines the country’s emissions profile and looks at how the financial markets supporting the scheme are likely to evolve
Changing times at Centrica Energy
Constantine Vaitsas, Atlas transformation director at CentricaEnergy, describes how his company updated its tradingand risk management systems to meet the challenges of therapidly-shifting energy markets
The power of now
A real-time position reporting system is becoming an important tool for large energy trading firms. Sirius Solutions’ Brian Shydlo introduces the concepts, challenges and techniques associated with designing and implementing an RTP solution
The outlook for US gas
US natural gas prices, which have fallen by 30% recently, are expected to stabilise at current levels or rise from here, analysts say. Longer term, unconventional reserves could dampen prices. William Rhode reports
Valid Assumptions Required: backtesting
Given the large number of assumptions made in calculating a value-at-risk, how can we have confidence in the quality of the resulting calculation? Brett Humphreys looks at using backtesting to evaluate quality.
Where to next for gas prices?
US natural gas markets can be tricky to predict, as recent high-profile losses in these markets have shown. However, there are some aspects of price behaviour that are more uniform than might be imagined, writes David Linton of Updata
Implied trees: Valuing exotic options
In this next installment of the Masterclass series, Jim Clark, Les Clewlow and Chris Strickland show how to value exotic options, using a calibrated local volatility surface consistent with market prices
Crunching the numbers
Advances in analytical tools, coupled with a proposed December Ferc ruling requiring US gas providers to publish gas flow data, could herald a revolution in US natural gas trading. Algorithmic trading techniques, similar to the kinds used in the equity…
Dow Jones Indexes licensed to Commerz to underlie ETFs
Dow Jones Indexes and Stoxx have licensed a range of indexes to Commerzbank, to underlie 22 exchange-traded funds (ETFs) listed on the Deutsche Boerse. The licensed indexes comprise the Dow Jones Euro Stoxx 50, Dow Jones Euro Stoxx Select Dividend 30,…
ETF AUM to surpass US$1 trillion in 2009, iShares
Global assets under management for exchange-traded funds (ETFs) will surpass US$1 trillion in 2009, according to iShares, which also expects European ETF AUM to rise above US$200 billion.
Financial recovery structured fund offered to Malaysian investors
CMS Trust Management in Malaysia has launched its first structured fund, aimed to offer investors exposure to bottomed-out financial stocks. The fund has been launched in partnership with OCBC Bank, and will only be available at the bank’s 29 branches.
Sterling Waterford launches Carbon Credit note in South Africa
Sterling Waterford Securities has listed its second Carbon Credit Note on the Johannesburg Stock Exchange. The note offers investors exposure to the price of Certified Emission Reductions which are part of the Kyoto Protocol Clean Development Mechanism.
Quantum leaps into re-brand after Dawnay Day buy-out
Dawnay Day Quantum has re-branded itself Quantum Asset Management following the management buyout (MBO) that took place on August 27. The board and employees of the UK distributor now own 100% of the business’s equity after purchasing the stake…
BGI appoints Fuhr global head of ETF Research and Implementation
Barclays Global Investors (BGI) has appointed Deborah Fuhr as global head of exchange-traded funds (ETF) Research and Implementation Strategy, in a newly created role effective from September 15. Fuhr will also occupy the position of a managing director,…
Credit Suisse adds four to private banking in Australia
Credit Suisse has enhanced its private banking division in Australia with the addition of four new bankers: Andrew Bird has joined as director, senior relationship manager; Lucinda Bloom as vice-president, structured derivatives; Paul Aliprandi as vice…
Better Sepa than sorry
Editor's blog
UBS appoints Kengeter global head of FICC
Carsten Kengeter will join UBS in early 2009 as global head of fixed income, currencies and commodities (FICC), reporting to Jerker Johansson, Chairman and CEO of UBS Investment Bank. Johansson has been the interim head of the group after André Estevez…
NDFA delivers tax benefits with latest income product
NDFA has released its latest Regular Fixed Income Plan September 08, offering favourable tax treatment on non-UK dividends.
Olympia nabs Goldman Sachs French sales head
Olympia Capital Management has appointed Laurent Dupeyron in the new role of head of sales, marketing and product development. Dupeyron joins the firm from Goldman Sachs, where he was a managing director and had been in charge of sales and marketing of…