Risk magazine
CME hires ex-UBS executive
The Chicago Mercantile Exchange (CME) has appointed Michael Kobida as director of financial management at the CME Clearing House for futures contracts, reports RiskNews' sister publication, Dealng With Technology .
ABN Amro wins China derivatives licence
ABN Amro last week joined the elite group of foreign banks authorised to trade foreign exchange derivatives in China after winning a licence from regulator the China Banking Regulatory Commission, reports RiskNews’ sister publication, FX Week .
NAB to reopen options desk
National Australia Bank (NAB) hopes to reopen its currency options desk in the "near term", said chairman Graham Kraehe last week, reports RiskNews' sister publication, FX Week .
Chinese regulator extends derivatives transition period
The China Banking Regulatory Commission (CBRC) has extended the transition period for its new derivatives licensing regime, giving banks an extra three months to get licences in place that will allow them to trade derivatives onshore.
CSFB snares technical accounting director
Credit Suisse First Boston has hired Melissa Allen from BNP Paribas as a director within the European financial control department.
Merrill Lynch snaps up Entergy-Koch
Merrill Lynch is set to acquire the energy trading businesses of Entergy-Koch Trading (EKT), a venture of New Orleans-based Entergy Corporation and Wichita's Koch Industries.
Citigroup gets new credit derivatives trading system
Citigroup has gone live with technology company Calypso’s front-office credit derivatives trading system.
Kalahari launches fixed-income pricing system
Kalahari, which provides price discovery and analytic solutions to financial and energy trading firms, yesterday launched a real-time bond and asset swap portfolio pricing system.
A new road to recovery
Emerging markets
Risk transfer without tears
Feature
The top stories from RiskNews
Feature
Smile dynamics
Traditionally, smile models have been assessed according to how well they fit market option prices across strikes and maturities. However, the pricing of most recent exotic structures, such as reverse cliquets or Napoleons, is more dependent on the…
Correlating market models
While swaption prices theoretically contain information on interest rate correlation, Bruce Choy, Tim Dun and Erik Schlögl argue that, for any practical purpose, this information cannot be extracted. Care must therefore be taken when pricing correlation…
Guaranteeing variable risk
Fund profile
Passive investing gets active
Hedge fund indexes
The index link
Hedge fund indexes
Increasing returns through managing risk at source
Pension funds
Settling on a standard
Technology
Building returns through overlay
Foreign exchange
Ace Risk Management recruits corporate risk solutions head
Ace Risk Management, a unit of Bermuda-based insurer and reinsurer Ace, has hired David Brodsky as senior vice-president to lead the newly established corporate risk solutions group.
Risk management for investors
Introduction
Anatomy of a merger
Dealer profile
Liquidity pools prove key
Inter-dealer brokers
Booming Banorte
Profile