Foreign exchange
True Quote trading platform adds electricity products
APB Energy has added electricity options to its online energy trading platform, True Quote.
Credit Markets Update: Iberian credits tighten following IMF's Brazil bail-out
The International Monetary Fund's (IMF) $30 billion rescue package for Brazil, announced yesterday, generated a positive response from financial markets participants and caused the credit default protection on Iberian names to narrow.
Pardue resigns from Morgan to set up alternative investment house
Charles Pardue has resigned as co-head of marketing for structured finance at JP Morgan in Europe to establish Prytania Alternative Investment Management. He plans to launch Prytania in early 2003.
Lehman finds link between high volatilities and SEC investor confidence measure
The Lehman Brothers equity derivatives and quantitative research group has found the current trend of high implied and realised volatilities for US stocks partly attributable to a US Securities & Exchange Commission (SEC) order aimed at bolstering…
Danish regulator scotches rumours of favourable hedge fund ruling
Denmark's chief regulator, the Financial Supervisory Authority (FSA), is unlikely to relax rules that block locally domiciled investment funds from using leverage, FSA financial inspector Jens Vestergaard told RiskNews .
Credit Markets Update: Spreads in Europe stay wide
Credit default swap spreads on European corporates continued to widen across the board this week, albeit at relatively more moderate levels than witnessed in the past few weeks. Traders said poor corporate earnings reports, negative rating actions and…
HVB offers automated pricing via Currenex
HypoVereinsbank (HVB) has made its automated pricing mechanism available on Currenex’s FXtrades foreign exchange platform.
ABN offers Multi-Strategy hedge fund to Singaporean retail investors
ABN Amro Asset Management has started offering Singaporean retail investors access to its ABN Amro Multi-Strategy Fund.
Tullett completes restructuring of European operations
UK interdealer broker Tullett & Tokyo Liberty has completed the restructuring of its European operations - following the merger of Tullett & Tokyo and Liberty back in December 1999 - by naming five managing directors to drive the broker towards its goal…
Aquila finally buries energy trading business
Missouri-based energy trader Aquila today said that it has put the lid on the coffin of its energy trading division, following almost two months of speculation. In June, Aquila unveiled plans to wind down its trading book, but said it was looking for a…
SG launches another capital guaranteed fund in Hong Kong
SG, a division of French banking group Société Générale, has launched another capital guaranteed fund into the Hong Kong retail market, this time linked to stock market volatility.
Deutsche Bank forex up 15%
In line with its top-tier rivals, Deutsche Bank has bucked the mid-tier trend of lower forex earnings from reduced market volatility, to report a 15% increase in first-half FX profits.
CreditTrade launches mark-to-market credit derivatives service
Credit derivatives inter-broker dealer and data provider, CreditTrade, and UK pricing company Totem Market Valuation, have launched a consensus-based, mark-to-market pricing service for banks.
How Japan got it covered
The fast-growing Japanese weather derivatives market is unique in both its product diversity and the range of small business end-users it serves. But where are the big players? Rob Dwyer reports
Japan Credit Market Update: Spreads rise on weak stocks and rating downgrades
The cost of credit protection on Japanese companies continued to rise this week, as weakness in the stock market prompted many players to hedge their credit exposure.
Letter to the Editor: Forbearance measures needed for Basel II
Wilson Ervin and I published an article in Risk last year on the danger that the Basel II proposed reforms of bank capital will lead to procyclicality, ie, pressure on banks to sell assets or raise capital at inopportune times, due to the risk…
Compromises allow Basel II to progress
The Basel Committee on Banking Supervision said last month that there were no substantial issues remaining with the complex Basel II capital Accord, after a series of compromises involving the capital treatment of loans to small and medium-sized…
McDonough staying with Basel II, Crockett leaving BIS
BASEL, SWITZERLAND - New York Federal Reserve Bank president William McDonough said in July he would continue as head of the group of global banking regulators drafting the controversial Basel II bank capital rules until the job was done.
Using Bayesian networks to predict op risk
By combining qualitative and quantitative data, Bayesian networks offer the perfect solution to the compelling need for an integrated approach to operational risk management, say Martin Neil and Ed Tranham.
The end game
Credit derivatives
Waiting for a boom
Weather derivatives
A piece of the action
Equity derivatives
Demystifying credit risk
Measurement
Turning the tide
New angles