Risk magazine
SunGard in deal with Spanish bank association
SunGard Trading and Risk Systems, based in New York, today announced that it has licensed its market and credit risk management system, Panorama, to the Confederacion Española de Cajas de Ahorros (CECA), an association representing Spain’s 47 savings…
ICE moves into UK gas and power market
Atlanta-based electronic energy and commodities trading exchange, the Intercontinental Exchange (ICE), is introducing its trading platform into the UK gas and power markets.
Japan's non-performing loans undermining economy
Tokyo could be in danger of losing its standing as a top financial centre, unless efforts are made to restructure the economy and cure Japanese banks' vast non-performing loans problem, warned Bank of Japan official Hiroshi Nakaso, speaking at Risk…
S&P states over $3 billion of credit derivatives written on Enron
Direct credit derivatives exposure to Enron, which has filed for chapter 11 bankruptcy, could total $3.3 billion, according to rating agency Standard & Poor’s.
BOTCC strikes metals derivatives deal with CMXchange
Chicago's Board of Trade Clearing Corporation (BOTCC) has entered an agreement to process and guarantee the forward and over-the-counter derivatives transactions of internet-based metals exchange, CMXchange, located in Northfield, Illinois.
FIA reports record volumes for futures and options in the US
The volume of futures and options traded on US exchanges so far this year is up by over 15% on last year, and looks likely to set an all-time record in spite of the terrorist attacks in September, said the US-based Futures Industry Association (FIA).
CME taps Sears to run forex business
The Chicago Mercantile Exchange (CME), currently the world’s third-largest derivatives exchange by volume, has appointed Richard E. Sears to a new position as managing director in charge of managing the CME’s foreign exchange business.
Isda frowns on IRS proposal
The International Swaps and Derivatives Association (Isda) has criticised proposed changes by the IRS to the accounting regulations for notional principal contacts (NPCs).
Black-Scholes goes hypergeometric
Option pricing models
Style-based value-at-risk for UK equities
Risk measures
Modelling growth stocks
Stock valuation models
Icap recovers after WTC attacks
Icap, the word’s largest inter-dealer broker, says that a busy period for its interest rate swaps business during October and November, due to economic uncertainty and volatile interest rates across the globe, helped spur a 22% rise in global revenues,…
Algo to offer Basel II-compliant credit risk solution
Algorithmics, the Toronto-based risk management technology firm, says it is working with its clients to include a credit solution in its suite of products which meets the specific data architecture, data modelling and technology requirements required…
CIBC has over $200 million exposure to Enron
The Canadian Imperial Bank of Commerce (CIBC) has total exposures of US$215 million to Enron, the group said today.
Capital Risk signs with Longitude to offer weather products
New York-based weather risk specialist, Capital Risk, has teamed with Longitude, a developer of financial technology to facilitate new derivatives markets, to develop weather risk management products.
JP Morgan Chase admits $500 million exposure to Enron
JP Morgan Chase said today that it has $500 million of unsecured exposure to Enron.
Cognotec selects Radianz to expand customer base
Cognotec, the Dublin-based foreign exchange and money-market trading solutions provider, has signed a three-year contract with US financial services e-network supplier Radianz. The multi-million dollar contract connects Cognotec to RadianzNet extranet –…
Munich Re sees billion dollar loss in third quarter
Munich Re, the reinsurance group, today reported a euro1.2 billion ($1.06 billion) loss for the third quarter. This was mainly due to the effects of the September 11 terrorist attacks on the US, said the German firm.
Jim Oliff appointed COO of FFastFill
Jim Oliff, second vice chairman of the Chicago Mercantile Exchange (CME), has been appointed chief operating officer of online risk software vendor FFastFill.
Rolfe & Nolan and TruExchange in partnership for STP
Rolfe & Nolan Systems, the UK-based supplier of derivatives technology solutions, and TruExchange, a Massachusetts-based vendor of trading and matching engines for electronic exchanges and derivatives markets, have entered a partnership to provide a…
Asian bond platform goes live
BondsInAsia (BIA), a group formed through the collaboration of BNP Paribas, Citigroup, Credit Suisse First Boston, Deutsche Bank, HSBC and Reuters, has started live trading on its electronic trading platform for Asian fixed-income securities, BIA Trading…
Isda moves to clarify credit derivatives language
The International Swaps and Derivatives Association has moved to further clarify the definition of what constitutes a credit event in the credit derivatives business, in a new paper, 'Supplement relating to successor and credit events', published as a…
Isda appoints head of research
The International Swaps and Derivatives Association, has made David Mengle its new head of research, a newly created position. Mengle will be responsible for providing research and analytical support for various Isda derivatives committees and…