Exchanges
Pan-European structured financing trend expected in 2003
A pan-European, multi-jurisdictional approach to securitisations is set to become a key growth area in 2003, according to Fernando Bautista, a partner with international law firm Freshfields Bruckhaus Deringer. Bautista believes the traditional approach…
CCROs to recommend standard clearing agreement
The Committee of Chief Risk Officers (CCRO) yesterday said it is recommending a standard agreement to facilitate trading of energy contracts through clearing houses and other multi-lateral trading platforms in the United States. Founded in March 2002 by…
Isda publishes new master agreement
Industry trade body the International Swaps and Derivatives Association has produced a new ‘master agreement’, a legal contract designed to standardise over-the-counter derivatives deals. It is the first time the document has been revised since 1992
ABA sets up new op risk committee
The American Bankers Association (ABA) has created a new operating risk committee to help bankers reduce losses and comply with new capital requirements laid out in Basel II, the new regulatory capital accord being devised by the Basel Committee on…
Ice sues Nymex over alleged abuse of monopoly power
Energy trading platform Intercontinental Exchange (Ice) is suing its rival, the New York Mercantile Exchange (Nymex), over alleged abuse of monopoly power in the energy trading markets.
ABA sets up new op risk committee
The American Bankers Association (ABA) has created a new operating risk committee to help bankers reduce losses and comply with new capital requirements laid out in Basel II, the new regulatory capital accord being devised by the Basel Committee on…
SGX relaxes listing requirements for structured warrants
A year after Hong Kong resurrected its warrants market by relaxing listing requirements, the Singapore Exchange (SGX) has eased its own listing rules for covered warrants in a bid to boost the local market.
NYSE to recalculate Composite index as basis for ETF
The New York Stock Exchange (NYSE) plans to rebalance its broad-based Composite index, in a move that should herald the introduction of an NYSE Composite exchange-traded fund (ETF) later this year.
Eurex dismisses imminent US expansion rumours
European derivatives exchange Eurex today dismissed rumours that it is accelerating its strategy to expand in the US.
JP Morgan Chase takes $400m surety bond hit
JP Morgan Chase has settled its high-profile legal dispute with 11 of the world’s leading insurers, over payment of surety bonds issued by the insurers that guaranteed prepaid commodity forward contract obligations between now-bankrupt energy trader…
Exchanges in vogue?
Introduction
Standardising electricity contracts
Electricity contracts have come and gone, but a new trio of financially settled futures contracts aims to widen the electricity market, reports James Ockenden
At a crossroads
Sydney Futures Exchange
Box enters the ring
Boston Options Exchange
Winds of change blow for the CME
Chicago Mercantile Exchange
Pitching to the public
Retail investors
SIAC's New Spelling for Safety
The company that runs the computer systems and communications networks that power the New York Stock Exchange and the American Stock Exchange is overhauling the way it views redundancy.
Groundhog day
British Energy
Measuring the operational risk of fund valuation companies
ASSET MANAGEMENT
The Basel II capital accord: op risk proposals in brief
BASEL II UPDATE