Risk magazine
CME to expand its S&P portfolio
After losing its licensing agreement with Russell Investment Group to the Intercontinental Exchange (ICE), the Chicago Mercantile Exchange (CME) has announced it will expand its Standard & Poor's equity index futures portfolio with an index for small-cap…
Reuters launches on-demand risk tool for hedge funds
Data and technology vendor Reuters has released an application aimed at hedge funds that calculates portfolio risk measured across asset classes in real time.
Calyon makes Asian credit and rates hires
Calyon has ramped up its Hong Kong operations by making a number of hires to its credit are interest rate teams. The French bank poached two staff from BNP Paribas for its credit markets and collateralised debt obligation (CDO) team covering Asia…
Barclays Capital hires head of fixed-income modelling
Pawel Lewicki has been appointed to Barclays Capital’s global quantitative analytics group as head of fixed-income modelling.
Inspectors find Vietnamese central bank guilty for Incombank losses
The State Bank of Vietnam was to blame for $5.4 million in foreign exchange trading losses at the state-run Industrial and Commercial Bank of Vietnam (Incombank) last year, according to local government inspectors.
ICE takes over Russell Index futures contracts
The Intercontinental Exchange (ICE) has won exclusive rights to derivatives on the Russell series of equity indexes. The deal could give the exchange the edge in the continuing takeover battle over the Chicago Board of Trade.
Johannesburg launches currency futures
The Johannesburg Stock Exchange (JSE) has launched the first in a series of currency futures contracts. The rand/US dollar futures started trading yesterday on Yield-X, JSE's interest rate exchange.
New equity derivatives head leaves Credit Suisse
Jerome Drean, Credit Suisse’s London-based head of European equity derivatives trading, has left the bank.
JP Morgan breaks up currencies and commodities group
JP Morgan is to separate its currencies and commodities businesses.
Legal & General makes two senior hires in fixed income
London-based Legal & General Investment Management (L&G IM) has made two senior appointments to its active fixed-income team.
CME raises bid for CBOT after lawsuit threat
The Chicago Mercantile Exchange (CME) sweetened its bid for its rival exchange, the Chicago Board of Trade (CBOT), yesterday.
Man launches second retail guaranteed fund in Hong Kong
Man Investments, one of the biggest hedge fund managers in the world, will launch a second Hong Kong regulator-authorised futures and options product with a guarantee feature. The offer period is from June 18 to July 16.
Citi and CIMB debut Malaysian CDS
Citi and Malaysia’s CIMB have conducted the first interbank credit default swap (CDS) denominated in Malaysian ringgit.
JP Morgan looks to emerging equities for synthetics
JP Morgan and Deutsche Börse have teamed up on the launch of the DAXglobal Emerging 11, an index of emerging market equity exposures.
Private equity supports FSA proposals
The private equity industry has backed the UK Financial Services Authority's proposal to tighten reporting requirements on banks and private equity houses, in order to reduce market abuse and conflicts of interest.
Risk 07: Low volatility tempts some to gamble
Risk managers warned at this morning’s Risk 07 conference roundtable that declining volatility was causing a push for more risk concentration and aggression.
CBOE launches volatility index futures
CBOE Futures Exchange (CFE) has announced the launch of two volatility index futures contracts, based on the CBOE Nasdaq-100 Volatility Index and the CBOE Russell 2000 Volatility Index.
Hedge fund strategist heralds a new world order in the commodity markets
There has been a seismic shift in the fundamentals that drive the commodity markets, according to Colin Waugh, head of strategy and research at Galtere International Fund, a $1 billion New York-based global macro hedge fund.
Risk 07: Robert Parker warns of liquidity risk
Banks need to be worried about liquidity risk, said Robert Parker, vice-chairman of Credit Suisse Asset Management.
Risk 07: modern portfolio theory should be ditched, says Taleb
Banks should abandon modern portfolio theory as it does not capture unexpected rare events, according to Nassim Nicholas Taleb, author of the risk management book The Black Swan .
Regulators clear CME-CBOT merger
The US Department of Justice has approved the takeover of the Chicago Board of Trade by the Chicago Mercantile Exchange, saying it was "not likely to substantially reduce competition".
BIS sees derivatives growth continue amid selloffs
The Bank for International Settlements (BIS), the Swiss-based central banking institution, said the notional invested in over-the-counter derivatives rose 12% by the end of 2006, to $415 trillion.
Belgian companies club together for op risk guide
Five Belgian financial services providers have partnered with PricewaterhouseCoopers to release a set of guidelines for measuring operational risk management.
S&P rolls out ABS performance tracker
Standard and Poor’s is the latest rating agency to enhance its collateralised debt obligation (CDO) surveillance, with a product designed specifically for the CDO investor.