Infrastructure
Static data moves forward
Firms tackling high-speed and information-intensive tasks such as straight-through processing or risk management without accurate instrument and counterparty reference data may be taking enormous operational and credit risks. Clive Davidson reports on…
Job moves
QUOTE OF THE MONTH: - “The perception of government support may induce the counterparties of government-sponsored enterprises to apply less vigorously some of the risk controls that they apply to manage their over-the-counter derivatives exposures”…
Trading commodities and correlation
Dealers are devising commodity derivatives products to attract new investors desperate for an alternative to the poorly performing financial markets
Dealers debate regime change in US interest rate volatility
Has the US interest rate options market entered a new period of sustained higher implied volatility? Deutsche Bank says yes, but other leading dollar interest rate derivatives dealers say it is too early to tell. Mortgage investors and options writers…
Retail product design innovations
Retail investors the world over are looking for alternatives to the faltering stock and fixed-income markets. Derivatives dealers looking to tap this demand are rolling out new products and revising old ones for the retail audience. John Ferry and Navroz…
LSE predicts UK equity derivatives surge
Clara Furse, chief executive of the London Stock Exchange (LSE), today warned that stamp duty on UK share trading could increasingly damage London’s competitive advantage in international financial markets and thereby reduce the likelihood of the UK…
Risk 2002 Europe: Risk management remains an ‘art’, says Breeden
Douglas Breeden, dean of the Fuqua School of Business at Duke University, said risk management remains an ‘art’ despite significant theoretical advances in the subject, using the example of disparate pricing in US mortgage securities to illustrate his…
Isda AGM: FpML2.0 ready for widespread deployment
The latest version of Financial products Market Language (FpML) – the e-commerce standard supporting OTC trading for financial derivatives – which could potentially save the industry $1 billion per year in processing costs, has received ‘trial…
Rates Markets Update: Swaps ride out terrorist scare
Interest rate swap spreads continued in a narrow range this week, despite a slight widening caused by the fear that the crash of a small plane into a Milan office building on Thursday was the work of terrorists. Initial fears led to 10-year US dollar…
Isda AGM: Carver takes on SwapsWire challenge
SwapsWire, the electronic derivatives trade processing platform backed by 23 leading dealers, has announced that Chip Carver, head of e-commerce for the rates business at Goldman Sachs, has been recruited as its new chief executive. He replaces Andrew…
Isda AGM: New Isda board members unveiled
Henning Bruttel, head of foreign exchange and local markets at Dresdner Kleinwort Wasserstein in Frankfurt, was made the new vice-chairman of the International Swaps and Derivatives Association today. He replaces Thomas Montag, managing director of…
Chaos reigns at new hedge fund
London-based hedge fund manager HED Capital Management is set to launch a new $200 million fund, dubbed the Beaufort Chaos Fund, by June. HED claims its chaos theory-based strategy obviates the need for derivatives.
Default levels worst on record, says S&P
The first quarter of 2002 was the worst ever recorded for corporate defaults, said rating agency Standard & Poor’s (S&P).
Options on fixed exchange rates and the Argentine peso devaluation
Sponsor`s statement
Electronic platforms short circuit
E-trading
Engineering forex
Mathematical Methods for Foreign Exchange – A Financial Engineer’s Approach, by Alexander Lipton World Scientific 700 pages, $75 (hardback), $48 (paperback) ISBN 981-02-4615-3 (hardback) ISBN 981-02-4283-7 (paperback)
Green scheme down under
Robin Lancaster reports on Australia’s government-mandated renewable energy certificates market, which – after a slow start – is expected to pick up fast
Against the currency grain
Mexican peso modelling
Exotic FX pulse set to race
The forex business
Every currency counts
Overlay management