News
New software shows credit risk under-priced, Moody's says
Banks may have been consistently underestimating the risk involved in long-dated credit derivatives, if a new software package from Moody's KMV is correct.
Network Rail launches 30-year sterling linker
UK railway operator Network Rail has issued a £1 billion 30-year index-linked bond, the first in a series of long-dated index-linked issues that could total £6 billion.
Structured Products Americas: greater industry co-operation needed
Kevin Mahon, Florida-based senior vice-president at Countrywide Securities, has called upon the US structured products industry to work more closely together to provide greater transparency for investors. “Dealers need to clarify in plain English what a…
Jade to launch crude palm oil futures
The Joint Asian Derivatives Exchange (Jade), a Singapore-based electronic commodity derivatives exchange, will launch a crude palm oil (CPO) futures contract on June 6.
CFTC charges unregulated futures brokers
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Reg NMS won’t damage NYSE competitiveness, says boss
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Power outages are fastest growing operational risk for business
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ISE merges with Eurex
Frankfurt-based Eurex has agreed to pay $2.8 billion in cash, or $67.50 per share, for New York-based International Securities Exchange. Frankfurt-based Deutsche Börse and Zurich-based Swiss Exchange – the two exchanges that jointly operate Eurex – will…
Dresdner hires two new group heads
Dresdner Kleinwort has created a securitised finance and an investor solutions group, and appointed two new business heads to manage them.
Hedge fund regulation presents “moral hazard”
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Lukewarm reception for Eurex credit futures
Eurex admits that trading volumes have been "disappointing" since the March 27 launch of the new contract, but denies that the product is illiquid
Second-generation CPDOs hit the market
Rating agencies welcome evolution of CPDOs into managed structures as Lehman Brothers and Pioneer, and ABN Amro and Fortis bring deals to market