Risk magazine
DeAM expands New York fund of funds team
Deutsche Asset Management (DeAM) is expanding its fund of funds business with the appointment of four new directors to its New York-based team. Steven Bossi, Mustafa Jama, John Gallagher and Lance Babbit take up newly created positions and will report to…
Kingsley named head of Andersen’s finance practice
Veteran risk management and markets practice consultant Stephen Kingsley has been made global head of financial services practice at professional services firm Andersen, following a four-year stint leading the firm’s Europe, Middle East and Africa (EMEA)…
Summe replaces Jelich as Isda general counsel
The International Swaps and Derivatives Association (Isda) has promoted Kimberly Summe to be its general counsel, effective from September 10, replacing Emily Jelich. Isda said Jelich, who only took up the role three months ago, was leaving for “personal…
Hohl moves to BIS to promote Basel in Asia
Stefan Hohl, the Bundesbank’s head of internal risk management, has moved to the Bank for International Settlements (BIS) to promote the new Basel Capital Accord in Asia.
Icor teams with Reuters to deliver FX options
Icor Brokerage has formed a 50:50 venture with international dealing systems provider Reuters to deliver its FX options broking service, and in one swoop dismissed suggestions that the company faced problems raising cash.
Icap buys out Prebon's stake in spot FX venture
Cash-rich UK inter-dealer broker Icap has bought out the 52% stake it did not already own in a spot FX joint venture with rival Prebon Yamane for £6.2 million.
Hong Kong plans to extend derivatives trading hours
The Hong Kong Exchange (HKEx) is consulting the industry on whether to extend the trading hours of Hong Kong stock-related derivatives and their underlying assets. Currently, stock options and futures contracts are traded for a total four and a half…
New alliance to consult on hedge fund portfolio risk
PlusFunds, the New York-based hedge fund exchange, has teamed up with the Albourne Group, a hedge fund risk consultant, to form Albourne Plus (A+), a new risk consulting service for institutional investors.
Patsystems looks to exploit single stock futures
Patsytems, a developer of electronic platforms, has launched a new product connectivity for the trading of single stock futures (SSF).
Bankers arrive in NYC for Alternative Risk Strategies event
Bankers have started arriving in New York ahead of Risk magazine’s inaugural alternative risk conference in North America, Alternative Risk Strategies 2001 USA, which aims to provide a comprehensive analysis on the convergence of capital and insurance…
New FIX specs raise challenge to FpML
A new FIX (Financial Information eXchange) specification, version 4.3, has been released that can support fixed income and collective investment vehicles like mutual funds and unit trusts, plus offer more comprehensive coverage for general derivative,…
S&P nails exclusive Default Filter deal with IQ Financial
International credit rating agency Standard and Poor’s (S&P) has signed an exclusive deal to use IQ Financial Systems’ Default Filter product in the Asia Pacific region. S&P will be able to apply the default filter engine to its own credit risk…
Tiffe's Libor-Tibor spreads debut
The Tokyo International Financial Futures Exchange (Tiffe) has launched Libor-Tibor spreads (L-T spreads) today, as well as expanding the contract month cycle of the three-month euroyen Libor futures from a five-month-cycle to a 12-month-cycle.
Core satellite investing: harmony through separation
Asset allocation
Firm-wide risk management for funds
Firm-wide risk
The destructive power of ‘best practice’
Capital management
Image options and the road to barriers
Barrier options
HKEx to offer international stock futures/options
The Hong Kong Exchanges and Clearing (HKEx) plans to introduce 20 international stock futures and 20 international stock options contracts, which are due to start trading on October 4, subject to approval from the Securities and Futures Commission (SFC).
Nasdaq-Liffe selects the Options Clearing Corporation
Nasdaq Liffe Markets (NQLX), the New York-based joint venture between Nasdaq and the London International Financial Futures and Options Exchange (Liffe) set up to list single stock futures in the US, has chosen the Chicago-based Options Clearing…
Derivatives of increasing importance to ASX
The Australian Stock Exchange (ASX) has seen a 5% drop in net profit for the year to June 30, but revenues from derivatives trading, clearing and settlement rose 15% to $32.5 million, with 46,226 options contracts traded – 20% higher than the 38,519…
Amex hires risk watchdog to rein in losses
American Express Financial Advisors (AEFA), seeking to rebound from losses on its high-yield bond investments that forced it to take an $826 million pretax charge in July, has hired a head of investment risk management to oversee its investment…
Jospin raises the spectre of Tobin
French prime minister Lionel Jospin has resurrected the debate over the Tobin tax – a tax on international capital flows designed to discourage short-term currency speculation – by publicly supporting the concept in an address to the French nation.
Isda in bid to shift master agreements online
The International Swaps and Derivatives Association (Isda) has signed a deal with online negotiations software provider Beachfire to allow over-the-counter (OTC) derivatives master agreements to be negotiated online.
Derivatives keep Euronext on target
A 4% rise in derivatives trading activity helped pan-European exchange Euronext meet analyst expectations in its first set of results following an initial public offering earlier this year.