Infrastructure
SwapsWire launches equity derivatives give-up service
London-based electronic confirmation service SwapsWire today launched its PBWire service, which supports give-ups on equity derivatives trades. PBWire allows buy-side clients, executing brokers and prime brokers to communicate give-up details in real…
Nymex in record IPO
The New York Mercantile Exchange (Nymex) has enjoyed a record-breaking stock market debut for its initial public offering.
Boat Banks to name vendor
LONDON—"Project Boat"—a consortium of nine banks that is creating an off-exchange trade reporting facility—is close to naming the vendor that will provide the underlying technology for the planned OTC trade data platform, according to sources familiar…
Credit derivatives still leading OTC growth, says BIS
Credit derivatives continued to be the fastest-growing sector of the over-the-counter market this year, despite rising numbers of early terminations.
Progressive, Centrica team up in clean coal project
Progressive Energy, a clean coal project developer, is to team up with UK-headquartered utility Centrica to develop an advanced clean coal project in the UK.
El Paso expands 2007 hedge program
El Paso Corporation, one of North America’s largest independent natural gas producers, has announced that it has restructured and expanded the hedge program that supports its natural gas production for 2007.
Banks are ignoring Mifid threat, says Celent
BRUSSELS – The forex industry will be beset by law suits and regulatory action if it continues to ignore the Mifid directive coming into force next year, according to a research consultancy.
Isda takes first steps to settle Dura CDS
The International Swaps and Derivatives Association has released a protocol for settling credit derivatives on Dura, the US auto parts producer that filed for bankruptcy on October 30.
Plus ça change - how Polo Fund unlocks value
David Walker profiles Polo Capital Management's Polo Fund, the seekers out of catalysts for change and new paradigms to profit in the event-driven strategy
Institutional demand: $360bn today, but could it hit the trillion by 2010?
institutional investment
Hard on commodities
Hedge funds
Information gold mine
Correlation trading
All tied up
Exchanges
CDOs reunited
Hybrid CDOs
Oil prices: Risk of a fall?
Consensus forecasts predict lower oil prices next year, although a minority of analysts, sceptical that demand will fall, expect higher 2007 prices. Beyond 2008 the supply picture could be much tighter than generally thought, some experts say. Stella…
Trading opinions
Energy risk professionals from all over Europe gathered in London last month at the Energy Risk Europe conference to debate the hottest topics facing the industry today. The Energy Risk team bring you some highlights
CERs come of age
A secondary market for certified emissions reductions generated by the Clean Development Mechanism now exists – but its emergence has been patchy, with some significant developments, along with some ongoing uncertainty. Point Carbon's research and…
Platform for production
While a healthy flow of new oil is forecast to come on stream over the next few years, there's concern that projects will be held up by a lack of infrastructure, particularly rig availability and personnel, finds Roderick Bruce