Feature
2002 winner | DERIVATIVES EXCHANGE OF THE YEAR Intercontinental Exchange
Despite a difficult year for electronic trading platforms in the US energy sector, the Intercontinental Exchange has been exceptionally successful.
2002 winner | LIFETIME ACHIEVEMENT AWARD Oldrich Alfons Vasicek
Vasicek’s 1977 paper on the term structure of interest rates provided insights that catalysed the development of the interest rate derivatives market. He was just getting started.
2002 winner | TECHNOLOGICAL DEVELOPMENT OF THE YEAR Twist
The Treasury Workstation Integration Standards Team (Twist) aims to create a single standard interface that simplifies systems integration for anyone signed up to it.
2002 winner | QUANT OF THE YEAR Richard Martin
A regular contributor to Risk’s Cutting Edge technical papers, Richard Martin receives his award for outstanding work in the field of credit portfolio risk management
2002 winner | EQUITY DERIVATIVES HOUSE OF THE YEAR SG
How has SG sustained its ability to price innovative equity structures more competitively than any other firm? There’s no real secret about ingredient X: it’s innovation.
2002 winner | ENERGY AND COMMODITY DERIVATIVES HOUSE OF THE YEAR GFI
GFI has built one of the leading energy brokerage businesses in Europe and North America during an exceptionally volatile year in the electricity markets.
2002 winner | RISK MANAGER OF THE YEAR Mark Lawrence
Someone needed to bring clarity to the opaque area of measuring operational risk. Enter ANZ’s firm-wide risk manager Mark Lawrence.
2002 winner | CORPORATE RISK MANAGER OF THE YEAR Microsoft
Software giant Microsoft’s risk management system and hedging strategies have allowed it to hit aggressive return targets on its investment portfolio.
2002 winner | SOFTWARE PRODUCT OF THE YEAR LiveCluster
DataSynapse’s LiveCluster software takes the spare processor capacity from a company’s dormant machines and puts it to work on large, power-draining analytical computations.
Risk awards
The third annual Risk awards recognise excellence and innovation in the fast-changing risk management and over-the-counter derivatives businesses
2002 winner | DERIVATIVES HOUSE OF THE YEAR, INTEREST RATES DERIVATIVES HOUSE OF THE YEAR, CREDIT DERIVATIVES HOUSE OF THE YEAR JP Morgan Chase
JP Morgan Chase takes three Risk awards, and sheer presence in the industry aside, manages to top the polls via that most important commodity – client satisfaction.
2002 winner | CURRENCY DERIVATIVES HOUSE OF THE YEAR UBS Warburg
UBS Warburg has given clients powerful currency derivatives analytics and trading tools, and boosted its retail and structured businesses.
2002 winner | ASSET MANAGEMENT RISK MANAGER OF THE YEAR Pimco
Pimco’s 125 investment specialists meet quarterly to vote on which fixed-income risk factors to hedge and exploit. The firm’s risk-centric decision-making has allowed it to consistently beat its benchmarks.
The silver lining
Enron’s collapse could ironically give a boost to the telecoms market, as Enron Broadband Services bows out of the limelight. By Laurence Neville
Job moves
QUOTE OF THE MONTH: - “The FSA has successfully put the fear of God into senior managers” Simon Gleeson, a partner in the regulatory group at Allen & Overy in London, on the FSA’s new unlimited liability rules for risk management errors Source: RiskNews,…
Race to replace Enron in freight
Sarfraz Thind talks to firms with the potential to take up the slack following Enron’s departure from the freight derivatives market
Fallout for energy markets
Enron’s collapse led to short-lived increases in electricity and natural gas volatility. As the markets settle down, the question now is who will fill Enron’s shoes? By Kevin Foster