Foreign exchange
UBS launches multistrategy commodity platform
UBS has launched an algorithmic trading platform for commodities, the UBS Commodities Portfolio Algorithmic Strategy System (Comm-PASS).
Bank of America invests in Climate Exchange
As part of a ten year, $20 billion environmental initiative, Bank of America has established a joint venture with Climate Exchange (CLE) by acquiring 0.5% of CLE’s current issued share capital.
Wells Fargo to offer electricity price risk management, RECs
US financial services company Wells Fargo is to offer an electricity price hedging facility, enabling middle market companies to manage their power costs.
White House pushes for futures fees
The Bush Administration has requested that the House of Representatives approve a proposed transaction fee on futures and options contracts.
Crossed wires
The wholesale UK power market has struggled to attract liquidity from financial players. The Futures and Options Association's initiative to restructure the market is intended to solve these problems, but some established market players say they have…
Is it really alpha?
Hedge funds often characterise their mission as the pursuit of pure alpha. A growing body of research, however, argues that a significant proportion of observed hedge fund returns are really alternative beta. David Rowe considers the implications for the…
The balancing act
CDPCS
Putting backlogs up front
Equity Derivatives
A topsy-turvy world
Securitisation
Re-evaluating valuation
Subprime mortgage woes continue to send shudders through the markets. Rising delinquencies, rating downgrades and falling prices have left investors with huge losses on CDO of ABS investments. The losses have revealed discrepancies in the valuation of…
Tighter integration – the key to the most successful FX derivative businesses
Sponsored Statement
Moving to convergence
Risk Management
AFT to the fore?
Sovereigns