Infrastructure
End-user forum
Energy procurement and price risk management is an increasingly vital function for energy intensive companies, from airlines and cement manufacturers to supermarket retailers. Roderick Bruce investigates the challenges facing such companies in Europe and…
UBS launches multistrategy commodity platform
UBS has launched an algorithmic trading platform for commodities, the UBS Commodities Portfolio Algorithmic Strategy System (Comm-PASS).
Crossed wires
The wholesale UK power market has struggled to attract liquidity from financial players. The Futures and Options Association's initiative to restructure the market is intended to solve these problems, but some established market players say they have…
Is it really alpha?
Hedge funds often characterise their mission as the pursuit of pure alpha. A growing body of research, however, argues that a significant proportion of observed hedge fund returns are really alternative beta. David Rowe considers the implications for the…
Putting backlogs up front
Equity Derivatives
A topsy-turvy world
Securitisation
Re-evaluating valuation
Subprime mortgage woes continue to send shudders through the markets. Rising delinquencies, rating downgrades and falling prices have left investors with huge losses on CDO of ABS investments. The losses have revealed discrepancies in the valuation of…
Moving to convergence
Risk Management
The untenable robustness of hedging
Credit indexes
New head for Chicago Fed
Charles Evans will take over from Michael Moskow as president and chief executive of the Chicago Federal Reserve in September.
SG CIB creates integrated swap group
Société Générale Corporate and Investment Banking (SG CIB) has created an integrated swap group to extend its franchise in the flow rates business in Europe.
Nasdaq calls for further amendments to Sox 404
Daily news headlines
Auditors more involved in risk management
Daily news headlines
ISDA Appoint Deputy CEO
The International Swaps and Derivatives Association (Isda) has appointed George Handjinicolaou as deputy CEO and regional director for Europe, the Middle East and Africa (Emea).
US finally reaches compromise on Basel II
Basel 1A dropped and advanced approaches to be consistent with international standards
Compliance controls minimise data loss, study finds
Daily news headlines
The Shape of things to come
Tetragon is one of a new breed of hedge funds trying their luck as a publicly traded company. Following its IPO in April, it hopes to bring its specialist brand of highly managed CLOs to a wider pool of equity investors. Dalia Fahmy speaks to the firm's…
Exchange-traded credit contracts
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask ... John Nyhoff, a director in research and product development at the Chicago Mercantile Exchange, reviews the basics of exchange-traded…
CDS portfolio trading platform hits market
Creditex launches online auction service for trading bulk CDS, named Q-Wixx, that it claims will cut costs and risk for dealers and CDO managers
Drowning in liquidity
Our fascination with liquidity tells us a lot about the psychology of the financial markets
Enel
In our usual roundup of eye-catching deals in the credit market, we focus on Italian utility Enel's EUR5bn bond, a natural catastrophe CDO from ABN Amro, and SocGen's green CDO
The Big Interview - Tim Polglase
As a massive increase in covenant-lite loans sends jitters through the investor community, the head of leveraged finance at law firm Allen & Overy in London tells Nikki Marmery that cov-lite merely reflects a changing market dynamic
US Fed chief stresses need for speed on Basel II
Randall Kroszner, a governor at the US Federal Reserve, said he wants to get Basel II implemented fast.