Our take
SpaceX gives CME’s single-stock futures a much-needed boost
New contracts could take off as IPO bolt-on to S&P 500 contracts
Basel’s CVA upgrade: persuasive in the US, less so in Europe
Ban on credit risk models could encourage US banks to adopt more sophisticated CVA method
Is alt data betting on prediction markets?
While offering a rich source of new data, legal uncertainties remain
The SaaSpocalypse shows private markets need risk models
Investors have little idea how bad the losses in private credit are going to be
Private credit disclosures leave more questions than answers
Muddled metrics and scattergun reporting hinder comparison of US lenders
Surcharge of the light-touch brigade
US reform of G-Sib surcharge goes well beyond simple update
Do banks still need to validate GenAI models?
Regulators carved out GenAI models from new risk guidance. Banks shouldn’t see this as a reason to stop validating them.
Iran confusion makes the case for causal modelling
A new test model built using Claude suggests oil prices may surge back above $100
Credit market maths seems not to add up
Today’s investors would appear to be better off buying ‘riskier’ debt
Has the Iran conflict made FX untradable?
FX options volumes jump despite high costs and short-lived opportunities
Can AI be the great equaliser in e-FX?
FX market-makers see real benefits for agentic AI in code generation and data analysis
The loneliness of the model risk manager
Boards may see them as a drag on innovation; risk functions need to show they embrace efficiency
A smooth fit for complex volatility surfaces
Quant shows a new way to capture implied vol with optimisers
The ‘addictive’ way of working behind Marex’s rapid growth
Staff are encouraged to run lots of little experiments to figure out what works – and what doesn’t
Why Trump’s latest Truth should make TradFi twitchy
Wall Street is becoming the villain in US president’s crypto movie
Fannie, Freddie mortgage buying unlikely to drive rates
Adding $200 billion of MBSs in a $9 trillion market won’t revive old hedging footprint
Degree of Influence 2025: Derivatives pricing dominates; quants don’t follow the AI herd
Rates and volatility modelling, as well as trade execution, top quants’ priorities
There’s a punt factor in stocks that investors might be missing
Speculative trading creates linkages between crypto and equities that vary depending on the stocks in question
Passive investing and Big Tech: an ill-fated match
Tracker funds are choking out active managers, leading to hyped valuations for a dangerously small number of equities
Sticky fears about sticky inflation
Risk.net survey finds investors are not yet ready to declare victory on inflation – with good reason
Why a Trumpian world could be good for trend
Trump’s U-turns have hit returns, but the forces that put him in office could revive the investment strategy