News articles on risk management, derivatives and complex finance - Risk.net

Exchanges

Russell attributes options volume growth to alternative investors

According to Washington-based Russell Investment Group, monthly volumes for derivatives referencing its indexes hit new highs last month. Kelly Haughton, the group’s Strategic Director of Russell Indexes, attributed some of the upturn to an increase in…

08 Sep 2005

People

Icap to take on Prebon's rate derivatives team in Sydney

Icap plans to hire the Sydney-based interest rate derivatives team at Prebon Group, a rival inter-dealer broker that was bought by Collins Stewart Tullett in October 2004.

07 Sep 2005

People

BNP Paribas adds six to New York equity and derivatives team

BNP Paribas has hired six new traders - five from Nomura Securities - for its New York- based equity and derivatives trading business.

07 Sep 2005

Central banks

Rates uncertaintly proves boon for derivatives

Changing expectations of central bank interest rate action in the US and Europe has led to heavy trading of short-term interest rate derivatives, the Bank for International Settlements said yesterday.

06 Sep 2005

People

Korolev to lead Calyon high yield business

Andrei Korolev has joined Calyon in London as head of high yield trading, part of the bank's expansion of its sub-investment grade operation in Europe.

05 Sep 2005

People

Freddie Mac appoints Anurag Saksena as first CRO

Freddie Mac, the second largest US federal mortgage agencys, has hired Anurag Saksena as its first chief enterprise risk officer.

02 Sep 2005

Regulation

Civil suit filed against Bayou, task force planned

The US Attorney for the Southern District of New York, David Kelley, has filed a civil complaint against Bayou Management – a Stamford-based hedge fund manager. In the complaint, filed yesterday, Kelley requested that the firm's funds be frozen.

02 Sep 2005

Credit markets

Auto CDS trades still dominate US market

The US credit default swap market continues to be dominated by contracts based on the debt protection of automobile and auto parts manufacturers, indicating the unpheaval caused by the downgrades of Ford and GM in May have not yet died away.