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Infrastructure

Diligence overdue

Investment banks paid a record $6 billion out-of-court settlement for bond investors hit by the collapse of WorldCom. The settlement has not only raised the bar for future payouts in these cases but has also prompted underwriters to reexamine their due…

A place on the grid

A growing number of banks have implemented grid technology for their risk management and derivatives trading businesses, allowing them to borrow spare capacity from dormant computers to process complex tasks in a fraction of the time. By Clive Davidson

Clearing service launches for physical power in US

North American Energy Credit and Clearing (NECC), the Clearing Corporation (CCorp) and Atlanta-based commodity-trading platform IntercontinentalExchange (Ice) have launched a physical clearing service for the US energy markets.

Stateside summit

Adding to the success of Energy Risk Europe in March, last month’s Energy Risk USA conference raised some lively debate. ERM, credit risk and the problems facing quant analysts were among the hot topics. Oliver Holtaway reports

Editor

"The FFA market offers enough arbitrage opportunities to have a hedge-fund manager in clover"

In the futures perfect

Malta's Michael N Trading is employing three systematic trading models in its Bond/Bund programme, then picking the best performer at the time to run the money

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