Infrastructure
Short sales climb in wake of SEC injunction lapse
The latest market data shows the Securities and Exchange Commission’s recent emergency order to prohibit naked short selling has curbed overall short-selling activity, despite mixed messages from other market barometers.
Dow Jones and CCX launch emissions indexes
Index provider Dow Jones Indexes and Chicago Climate Exchange (CCX), have launched two new carbon credit price indexes.
Bank monoline exposures creep up in second quarter
Second-quarter results yielded further markdowns at major dealers due to the increasing counterparty risk posed by monoline insurers.
The price isn’t right
Shifting European power marketstructures and fundamentalsmake price risk management formajor consumers a real challenge.Noreen Guy and Damien Coxexamine the most effectiveprocurement strategies
Calibrating trees to the market prices of options
How trinomial trees can be used to calibrate a local volatility model tothe market prices of average price options. By Jim Clark, Les Clewlowand Chris Strickland
Merrill and Citi to repurchase ARS after New York applies pressure
Citi and Merrill Lynch have agreed to repurchase billions of dollars worth of illiquid auction rate securities (ARS) being held by retail customers after threats of legal action from New York attorney general Andrew Cuomo.
CRMPG calls for daily counterparty risk reports
Broker-dealers should monitor their institutional counterparty risk exposure on a daily basis, the latest report from the Counterparty Risk Management Policy Group (CRMPG) has recommended.
No changes to Libor, says BBA
The British Bankers' Association has ruled out major changes to its Libor fixing, despite criticism earlier this year that the widely used interbank rate had become unreliable.
Nymex steeled for futures launch
New York Mercantile Exchange plans to launch index-based financially settled steel futures contracts early in the fourth quarter of 2008.
Hedge fund ponder choices and challenges of pre-trade analytics
IT pre-trade analytics
The profits of carry
Carry trade
Profile: Constellation NewEnergy
Constellation NewEnergy has earned a reputation for effectively manoeuvring its clients through the highly volatile US electricity markets. Jayne Jung reports on the company's i2i online risk management programme
A time to trade?
The launch of CERs futures on Indian exchanges is breathing new life into CDM projects in India. Speculators have entered the market and are creating liquidity in CERs and, as a result, more carbon-financing options, finds Catherine Lacoursiere
Trading strategies - Walking a fine line
A worrying trend is emerging in the UK corporate world, with many companies adopting extremely risky strategies in a bid to reduce their exposure to energy price volatility, says Utilyx chief executive Chris Bowden
US Treasury gives more power to the Fed
Regulatory News
Algos to the rescue
Structured products
Looking over the counter-arguments
A UK government panel investigating the role of speculators in global crude oil markets has called for more transparency in the opaque over-the-counter (OTC) market, writes Roderick Bruce
Taking the slow road
Special Report: Basel II
Unfit for consumption
Special Report: Commodity Futures