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Fitch buys Algorithmics
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Fitch to acquire Algorithmics
Fitch Group announced today that it is to acquire Algorithmics, a leader in enterprise risk management. The transaction, valued at $175 million, is expected to close in January 2005. The transaction is subject to customary regulatory approvals.
Fitch to buy Algorithmics
Fitch Group, parent of credit rating agency Fitch Ratings, is to acquire New York-based risk management software provider Algorithmics. The purchase, valued at $175 million, is expected to close in January, said Fitch today.
Derivatives exchanges look to expand market-making capabilities
Eurex, the electronic derivatives exchange, has widened the scope of its European equity options market-making (MM) programme.
EnBW starts reporting CO 2 trades to EEX
EnBW Trading today became the eighth company to report its carbon emission trades to the European Energy Exchange (EEX) for the exchange’s CO 2 price index. EnBW Trading is a subsidiary of Karlsruhe-based German utility EnBW Energie Baden-Württembergin.
Nomura continues equity derivatives build-up
Nomura, the Japanese securities firm, has continued its drive to create a strong European equity derivatives department, by unveiling a number of new hires.
Credit correlation model debuts on Bloomberg
Morgan Stanley’s credit correlation model has been made available on Bloomberg today. The model can be used to price basket and single-tranche credit derivatives.
GE Commercial Finance Energy Financial Services to arrange and underwrite debt
Energy companies now have another option when it comes to choosing who will help finance a project or arrange a debt placement for them. GE Commercial Finance Energy Financial Services is to broaden its role as an equity and debt investor to include…
Fitch’s corporate derivatives usestudy finds lack of transparency
Fitch Ratings’ recent study of hedgeaccounting and disclosure amongcorporates has revealed a somewhatsurprising lack of public disclosure of derivativesuse. The study focused mainlyon US corporates that have been reportingunder FAS 133 – the accounting…