JP Morgan
JP Morgan Chase and Morgan Stanley to launch Trac-x Europe options
JP Morgan Chase and Morgan Stanley are launching options on their Trac-x Europe credit default swap index this afternoon.
Citi contemplating US credit derivatives index
Citigroup is contemplating launching a US credit derivatives index product, according to Doug Warren, managing director for North American credit derivatives, and intends to make a decision on this within the next two to three weeks.
GlobeOp grabs JP Morgan/Cygnifi fixed-income software
GlobeOp Financial Services, a risk management, operations and administration service provider to the global funds management community, has bought a risk reporting and valuation analytics library, developed by JP Morgan and its now-defunct technology…
Lessons in loaning
Lenders and borrowers alike are becoming ever more innovative at a worrying time for energy company financing. But will the new ideas catch on? Paul Lyon reports
Firms rise to the op risk data management challenge
NEW YORK - Like all risk management problems, operational risk relies on a sufficient supply of good quality data if analysis is to be meaningful and decision-making effective.
JP Morgan Chase launches buy-side risk management product
JP Morgan Chase is launching a new risk management service, MorganRisk, to enable buy-side clients to gauge market risk in their own investment portfolios using the same proprietary methodologies used by the US bank.
Delayed trac-x Europe launches today
Trac-x Europe, part of a family of credit default swap indexes being assembled by JP Morgan Chase and Morgan Stanley, debuted trading today. A funded format is due to start trading the week of June 30. This follows a delay of about six weeks.
JP Morgan Chase launches buy-side risk management product
JP Morgan Chase is launching a new risk management service, MorganRisk, to enable buy-side clients to gauge market risk in their own investment portfolios using the same proprietary methodologies used by the US bank.
Sarbanes-Oxley requirements could complement Basel compliance
NEW YORK - Banks and financial institutions currently establishing processes to comply with Sarbanes-Oxley section 404 reporting requirements should be able to use those same processes to comply with future Basel II operational risk reporting…
Goldman Sachs snares Goh
Albert Goh, JP Morgan Chase’s head of equity derivatives origination for Asia ex-Japan, has been lured away from the bank to join rival Goldman Sachs.
Derivatives concentrated in largest US banks, says OCC
Seven banks in the US account for almost 96% of the total notional amount of derivatives in the commercial banking system, the Office of the Comptroller (OCC) of the Currency has said in a report.
More dealers sign up to new credit derivatives matching service
BNP Paribas, Bear Stearns, Credit Suisse First Boston, Goldman Sachs and UBS Warburg are the latest dealers to sign up to a new global credit default swap (CDS) matching service, which the Depository Trust & Clearing Corporation (DTCC) plans to launch…
JP Morgan Chase launches 'equity default swaps'
JP Morgan Chase has developed an 'equity default swap', an equity-triggered derivatives product structured like a credit default swap.
Sarbanes-Oxley Prompts JP Morgan Upgrade
The firm says that for years industry proxy voting systems have been so poor that automation hasn't been worth the effort - until now.
JP Morgan Chase hires Asian credit and rates MD
JP Morgan Chase has snatched Kelvin Wong from Deutsche Bank, appointing him as a managing director in the credit and rates business and head of credit sales in Asia ex-Japan.
UBS signs up to Mark-it credit pricing service
UBS Warburg has become the latest bank to feed credit price information into UK-based Mark-it Partners' credit database. In return, it will receive quorum price information for cash and derivatives credit instruments based on information provided by a…
International banks have stronghold in Italian derivatives market
The first survey of Italian derivatives dealers conducted by Risk Italia , the Italian language edition of Risk , found that international banks have a stronghold in the Italian derivatives market. But the results were also encouraging for Italian banks,…
Industry leaders revive client-facing forex options teams
Top-tier banks are moving to set up core groups of client-facing options specialists, turning away from a previous trend to re-train all sales dealers to have derivatives expertise.
Emerging markets credit derivatives index debuts
JP Morgan Chase has begun formally showing prices on its Emerging Markets Derivative Index (EMDI) – a tradable portfolio of five-year credit default swaps (CDS).
Leading dealers sign up to new CDS matching service
JP Morgan Chase, Deutsche Bank and Morgan Stanley have signed up for a new global credit default swap (CDS) matching service that the Depository Trust & Clearing Corporation (DTCC) plans to launch in June.
Trac-x gains market maker support
BNP Paribas has signed up to make markets in the Trac-x Europe credit default swaps index initiative established by JP Morgan Chase and Morgan Stanley. Other major dealers are also looking into offering market making services in Trac-x products, with…
JP Morgan Chase launches Credit Navigator for relative-value credit trading
JP Morgan Chase has launched its Credit Navigator product, an analytical tool designed to identify relative-value opportunities in the credit markets.
Standard Chartered boosts global ABS team
Standard Chartered has strengthened its asset-backed securitisation (ABS) capabilities with three new hires.
Derivatives disclosure calls mount
Warren Buffett's stinging critique of the derivatives business in March represents the latest call for more derivatives disclosure. But despite some notable moves in this direction, most financial institutions remain stubbornly opaque.