Risk magazine/News
RiskMetrics sees demand growing for ASP platforms
The adoption of application service provider (ASP)-based financial risk management systems is increasing rapidly, according to RiskMetrics.
Prebon Marshall and Swapstream agree to jointly promote swap and OTC trading platform
Inter-dealer broker Prebon Marshall Yamane has formed a strategic partnership with London-based Swapstream, to promote the trading platform to its customers.
ISE moves closer to equity index options trading
New York-based electronic equity options market, the International Securities Exchange (ISE), has stepped up its attempts to go head-to-head with the Chicago Board Options Exchange (CBOE) in trading equity index options by unveiling its first product,…
Trésor unlikely to resume swaps programme in near future
The French debt management agency, the Agence France Trésor, will not resume its swaps programme in the current market conditions, said Sylvain de Forges, the agency's Paris-based chief executive.
Microsoft drops stock option compensation
US software company Microsoft has broken ranks with other leading technology providers by announcing its intention to end employee compensation using stock options.
JP Morgan Chase and Morgan Stanley to launch Trac-x Europe options
JP Morgan Chase and Morgan Stanley are launching options on their Trac-x Europe credit default swap index this afternoon.
FASB unlikely to delay FIN 46, says CSFB
The US Financial Accounting Standards Board (FASB) is unlikely to delay the introduction of financial interpretation number 46 (FIN 46), the consolidation of variable interest entities (VIEs), according to the accounting and tax research team at Credit…
BNP Paribas beats SG for ZCM assets
French bank BNP Paribas has entered the final stages of negotiations to purchase about 140 structured transactions linked to funds investments from Zurich Capital Markets (ZCM), a division of Swiss insurer Zurich Financial.
Eurex to extend terms on Swiss and German equity options
International derivatives exchange Eurex plans to extend the terms of certain German and Swiss equity options.
India allows foreign currency rupee options
Foreign currency rupee options have finally become reality in India, with the Reserve Bank of India (RBI) allowing plain vanilla currency options trading to commence today.
Deutsche names new structured products head
Marc Badrichani has joined Deutsche Bank in London as head of the corporate structuring group for Europe.
HVB’s US operations upgrade with Front Arena
HVB Americas, the US arm of Germany’s HVB Group, is upgrading to SunGard’s Front Capital Arena version 2.0, to ensure the smooth start-up of a new business in Bermuda. HVB Americas said it needed the latest product since older Arena versions were…
Energy firms turn to credit derivatives market
More energy companies are likely to start purchasing credit derivatives as a way of mitigating counterparty credit risk, analysts said at a conference in New York this week. This is partly because spreads on single-name credit default swaps (CDS) of…
Moody's claims documentation affects recovery values
Recovery values assigned to a single reference entity in credit derivatives contracts are inconsistent, partly due to a lack of standardised valuation documents, according to Moody’s Investors Service.
Jacobs joins Chicago Fed's new economic capital group
Former managing director and head of analytics for Bank of America’s loan portfolio management, Thomas Jacobs, has joined the Federal Reserve Bank of Chicago as an economic capital specialist in the watchdog's risk specialist division.
Citi contemplating US credit derivatives index
Citigroup is contemplating launching a US credit derivatives index product, according to Doug Warren, managing director for North American credit derivatives, and intends to make a decision on this within the next two to three weeks.
Dutch debt office opts for Trema
The Dutch State Treasury Agency (DSTA) has licensed a debt financing software system, Finance Kit, from France-headquartered financial software provider Trema.
Algorithmics to launch Linux version of Algo Suite
Algorithmics of Canada, an enterprise risk management solutions provider, said today it will launch a fully supported Linux version of Algo Suite by the end of the third quarter of this year.
CA-Legend to distribute DSTi’s HiRisk product in China
Investment management software solutions provider DST International (DSTi) has selected Computer Associates-Legend Software (CA-Legend) of China to distribute its HiRisk product in that country.
GlobeOp grabs JP Morgan/Cygnifi fixed-income software
GlobeOp Financial Services, a risk management, operations and administration service provider to the global funds management community, has bought a risk reporting and valuation analytics library, developed by JP Morgan and its now-defunct technology…
Cantor subsidiary files patent infringement suit
Interdealer-broker Cantor Fitzgerald’s trading technology subsidiary eSpeed has filed a patent infringement suit against electronic fixed-income trading platform BrokerTec, while separately a court case pertaining to alleged constructive dismissal…
Bear Stearns adds CDO evaluator to Pacre
Bear Stearns has added a high-yield collateralised debt obligation (CDO) pricing model to its price-adjusted credit risk evaluator (Pacre) product. The model is designed to calculate credit-adjusted spreads on individual CDO tranches.
Old Mutual Asset Management appoints head of risk management
Old Mutual Asset Management, the US asset management arm of financial services company Old Mutual, has hired Jeffery Howkins from Mellon Institutional Asset Management as its head of risk management and audit.
Credit risk models enhance link between credit and equity prices, say BIS
The growing use of credit risk models is helping to strengthen the link between credit and equity prices, said the Bank for International Settlements (BIS).