Feature
Rates Markets Update: Swaps ride out terrorist scare
Interest rate swap spreads continued in a narrow range this week, despite a slight widening caused by the fear that the crash of a small plane into a Milan office building on Thursday was the work of terrorists. Initial fears led to 10-year US dollar…
Isda AGM: UBS Warburg Energy to expand online product offering
UBS Warburg Energy may add interest rate swaps along with metals and currency derivatives to the online energy-trading platform it bought from bankrupt energy trader Enron in January this year.
Isda AGM: Sweden could pull back from swaps market
More bank credit rating downgrades could prompt Sweden’s Debt Office to pull out of the swaps market. That was the warning delivered today to the International Swaps and Derivatives Association meeting by Erik Thedéen, head of the debt management…
Isda AGM: Isda launches netting analysis tool
The International Swaps and Derivatives Association will unveil a new online netting analysis tool called netalytics at its AGM on Friday. The netalytics service, developed through a joint venture with law firm Allen & Overy, is only available to Isda…
Isda AGM: No room for doom and gloom
At the International Swaps and Derivatives Association's AGM today, outgoing Deutsche Bank chairman Rolf Breuer predicted more strong growth for the derivatives industry, despite problems faced by other financial markets.
Credit Markets Update: Spreads narrow as outlook turns positive
US Federal Reserve Chairman Alan Greenspan’s testimony before Congress today indicated that the Fed does not plan to raise interest rates any time soon and this, along with signs that the US economy is strengthening, caused spreads in the credit…
Isda AGM: Carver takes on SwapsWire challenge
SwapsWire, the electronic derivatives trade processing platform backed by 23 leading dealers, has announced that Chip Carver, head of e-commerce for the rates business at Goldman Sachs, has been recruited as its new chief executive. He replaces Andrew…
Insurers downplay ART role
The present and future presidents of the Risk and Insurance Management Society (RIMS) downplayed expectations that the hard insurance market will lead to a growth of capital market insurance structures, often called alternative risk transfers (ART).
Deutsche appoints new fixed-income head in Europe
Deutsche Bank has appointed Scott Gewirtz as head of fixed income in Europe.
Isda AGM: New Isda board members unveiled
Henning Bruttel, head of foreign exchange and local markets at Dresdner Kleinwort Wasserstein in Frankfurt, was made the new vice-chairman of the International Swaps and Derivatives Association today. He replaces Thomas Montag, managing director of…
Isda AGM: Enron report warns against a clampdown on derivatives
There is no need for further regulation of the over-the-counter (OTC) energy derivatives market, concludes an International Swaps and Derivatives Association report on the bankruptcy of Enron, published today.
Isda AGM: OTC derivatives growth soars in H2 – Isda survey
The value of notional outstandings of over-the-counter derivatives contracts grew significantly in the second half of last year, according to a survey released today by the International Swaps and Derivatives Association. Credit derivatives saw the most…
Structured products
Despite hedge funds promising absolute returns, plenty of buyers want guarantees on top