Feature
Electronic platforms short circuit
E-trading
Cognotec in Asian sales push with new hire
Irish e-commerce FX trading services company, Cognotec, has hired Patrick Lim from Standard Chartered to boost its sales in Asia.
Engineering forex
Mathematical Methods for Foreign Exchange – A Financial Engineer’s Approach, by Alexander Lipton World Scientific 700 pages, $75 (hardback), $48 (paperback) ISBN 981-02-4615-3 (hardback) ISBN 981-02-4283-7 (paperback)
Credit Markets Update: Telecoms hit as Qwest, Nortel contagion spreads
Credit default swaps on Qwest Communications rose to 900bp/950bp over Libor in the five-year, with a significant inversion on the swap curve, according to credit derivatives traders in New York and London. Qwest's problems led to default protection costs…
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
Many are called, few are chosen
The market for power trading technology in Europe is mirroring the energy industry in the intensity of its competition. Benjamin Tait reports
Navigating a troubled road
Don Stowers finds the online energy trading market place as competitive as ever, with several new platforms ready to enter the fray
Pause for thought?
Electricity deregulation in Ontario promises to avoid the price hikes and power shortages seen in some markets. So why are end-users unhappy? Kevin Foster reports
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
Counterparty concerns
Following the California crisis and the fall of Enron, energy firms are finally paying more attention to credit risk. Here Fred Cohen, Satyan Malhotra and Rafael Cavestany present some overarching issues senior management must address in implementing an…
Building blocks for complex probability distributions
Brett Humphreys demonstrates how to construct more accurate return distributions and use them to price options
Covering the threat
Since September 11, energy companies have had to re-assess the threat of terrorist attack. Despite the insurance industry introducing new terms and products, some companies remain unprotected, as Joel Hanley discovers
Floating towards disaster
Argentine peso risk
Towards the mainstream
Emerging forex modelling
Against the currency grain
Mexican peso modelling
Can we say goodbye to currency crises?
Currency divergency
Exotic FX pulse set to race
The forex business
Every currency counts
Overlay management
Will the latest delay sink Basle II?
Reactions to the latest delay in the Basle II banking accord timetable were mixed, with some bankers and regulators fearing the pact could unravel, while others were optimistic that the roadblocks to agreement would be cleared away.
SPE accounting proposal threatens CDO market
Proposed changes to US accounting standards for special-purpose entities (SPEs) could cause a dramatic decline in issuance of collateralised debt obligations (CDOs), analysts say.
US Comptroller wants attractive advanced approaches to op risk
The best way of resolving arguments about whether operational risk capital charges are suitable for banks is to make advanced op risk measurement approaches, such as the scorecard method, attractive to banks, US Comptroller of the Currency John Hawke…
Exposing exposures: how far will it go?
The Enron debacle has spurred investors and creditors to press for greater disclosure of corporate risk and hedging strategies. Companies are beginning to respond. How far will it go?
Capital thinking
Manuel Méndez aims to have BBVA among the first to qualify for Basel II’s advanced risk capital approaches.
QIS3 survey delay puts back Basle II accord to 2006
Regulator determination to get a key survey of banks right was a major factor in the decision to postpone again the coming-into-effect of the complex Basle II banking accord until late 2006 from an undetermined date in 2005, banking regulators said in…