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Bank of China warrants list in Singapore
Three investment banks launched a total of five call warrants on shares of the Bank of China (BOC) in Singapore today, the same day the shares started trading in Hong Kong. The BOC initial public offering (IPO) was the world’s largest in six years, with …
The single life
Trading platforms
Convergence on credit
Insurance
New chief for Spanish derivatives exchange
Meff, the Spanish futures and options exchange, has named Fernando Centelles as its new chief executive.
BNP Paribas adds to Iberian flow sales team
BNP Paribas has added a salesman to its London-based Iberian institutional flow equity sales team.
Ruggieri joins Deutsche Bank
Massimo Ruggieri has joined Deutsche Bank's securitised product group, based in London.
The real value of stock
Collars involve the payment of a variable amount of stock, depending on an average stock price. In this article, Anthony Pavlovich uses the Black-Scholes framework to value these exotic derivatives and explore issues with hedging, as well as providing an…
Absolute return volatility
The use of absolute return volatility has manymodelling benefits, says John Cotter. An illustration isgiven for the market risk measure, minimum capitalrequirements
CMCDS valuation with market models
There is little, if any, literature available on constant maturity credit default swap valuation. Here, Damiano Brigo builds on his no-arbitrage dynamic credit default swap (CDS) market model to derive a formula involving a 'convexity adjustment' feature…
Prudence pays
Andrew Crossley, chief risk officer at Prudential
The real rocket scientists
As US space agency Nasa overhauls its risk management practices in preparation for a return to the Moon, Alexander Campbell looks at its new operational risk system
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