Foreign exchange
Goldman signs up Imagine for prime brokerage
Goldman Sachs is to offer Imagine Software's ASP risk management and trading services to clients of its prime brokerage unit, GSI Prime Brokerage, formalising a partnership begun last year in which GSI clients started using the Imagine product.
Citi traders sacked as Allfirst probe continues
Citigroup this week dismissed two traders linked to the Allfirst trading losses, as the investigation into rogue trader John Rusnak’s counterparties continued.
IMF issues credit derivatives warning
The International Monetary Fund (IMF) believes the lack of financial disclosure and transparency in the credit derivatives market has the potential to increase market risk, as participants find it more difficult to gauge the depth of credit deterioration…
UK regulator disappointed at latest Basel II delay
Britain’s principal financial watchdog, the Financial Services Authority (FSA), was “a little disappointed” at the latest delays to the Basel II banking Accord, a senior FSA official said today.
No compromise from Feinstein on energy bill
Californian Democrat Senator Dianne Feinstein and Texan Republican Senator Phil Gramm have failed to reach a compromise over Feinstein’s proposed energy bill, which could give the Commodity Futures Trading Commission (CFTC) authority on over-the-counter …
UBS increases use of credit derivatives
Swiss investment bank UBS Warburg hedged around 30% of its corporate and institutional lending in 2001 using credit derivatives and other credit instruments. The inceased focus on credit risk follows the record number of global corporate defaults in 2001.
BIS reports global slowdown in derivatives markets
Derivatives market expansion slowed significantly for the period 1998-2001 relative to the three years before, reported the Bank for International Settlements (BIS) today.
UK regulator will not shoe-horn insurers into banking regime
UK financial supervisors do not intend to 'shoe-horn' insurance companies into a regulatory regime designed for banks, a senior regulator said today.
Xcel chooses Panorama for trading and risk management
Xcel Energy, the US-based electricity and natural gas company, has selected SunGard Trading and Risk Systems’ Panorama suite for its trading and risk management practices.
Moody's extends RiskCalc coverage to UK
Moody's Risk Management Services (MRMS) has added non-financial private UK company data to its Web-based default estimator tool, Moody's RiskCalc.
Spike Trading signs with patsystems
Spike Trading, a Chicago-based supplier of clearing and support services to floor-based traders, has contracted independent software vendor patsystems, to provide it with J-Trader, the company’s online derivatives trading platform.
Rusnak's fraudulent trading strategy revealed
The independent report commissioned by Allied Irish Banks, carried out by US banking specialist Eugene Ludwig, details how former Allfirst foreign exchange trader John Rusnak managed to hide his forex trading losses with the creation of bogus options…
Macquarie issues dividend warrants in Hong Kong
Macquarie Equities Asia, a division of Australia’s Macquarie Bank, has launched a new warrant product into the Hong Kong market. Called the dividend accumulator warrant, it pays investors dividends equal to the underlying share over the life of the…
Cameron Systems launches CameronFIX 6.0
Cameron Systems, an Australian-based supplier of FIX (Financial Information eXchange) engines, has released CameronFIX Version 6.0 with its universal server – a server application offering clients a ‘plug and play’ system that can be interfaced and…
Taipei Bank opts for FNX’s FirstOrder
Taipei Bank has chosen FNX Limited, a Philadelphia-based software vendor specialising in straight-through processing applications used in global capital markets, to deliver Web-based electronic trading capabilities via its FirstOrder application.
Nyfix to acquire Javelin Technologies
Nyfix, the Connecticut-based electronic trading and straight-through processing systems vendor, is set to acquire Wall Street-based FIX (Financial Information eXchange) infrastructure supplier, Javelin Technologies.
Drivers of dollar swap spreads
Fixed0income strategy
Arb fund reign to continue
Convertible bonds
Squeezing the best from hedge fund diversification
Hedge fund investing
Asset managers run for cover
Enterprise-level risk
Reading the signals
Forex modelling
Counting the cost
Bank disintermediation
Talking distressed
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