Exchanges
Solving the pensions puzzle
A host of market and structural problems are plaguing US corporate pension plans. Derivatives dealers are pitching a number of potential solutions.
Job moves
QUOTE OF THE MONTH: - “Few regulators really understand derivatives... That’s not their fault, many of us don’t either” A London forex trader commenting on AIB’s $750 million loss. Source: The Mirror, February 7
MMC Enterprise Risk sets up weather desk for corporates
Marsh & McLennan (MMC) Enterprise Risk, a sister company of New York-based insurance broker Marsh, is in the process of establishing a weather derivatives desk aimed at enticing corporate end-users into hedging against revenue-threatening weather…
New electronic equity options exchange planned for US
The US is set have a new electronic equity derivatives exchange by the end of the year, following the formation of Boston Options Exchange Group (Box), a joint venture between the Boston Stock Exchange, Bourse de Montréal and trade execution firm…
EFTs, e-minis defy low equity derivatives flows
Exchange-traded funds (ETFs) and e-mini contracts defied January's trend of unusually low derivatives volumes and volatility, according to Joanne Hill, managing director and head of trading research at Goldman Sachs.
Nybot lobbies against proposed futures transaction tax
The New York Board of Trade (Nybot) has sent a letter to the US Congress detailing its opposition to the Bush administration’s fiscal year 2003 budget proposal seeking a new tax to be levied on each commodity futures and options contract traded on a…
ICE cool over EnronOnline’s revival
Atlanta-based trading portal IntercontinentalExchange (ICE) remains bullish about its prospects, despite the re-launch of a repackaged EnronOnline. The new version of the bankrupt Enron’s Web-based energy market was launched on February 11 by Swiss…
Nymex and CME offer joint energy futures
The New York Mercantile Exchange (Nymex) is to offer smaller versions of its energy futures contracts via the electronic trading platform of the Chicago Mercantile Exchange (CME).
Isda publishes FpML 3.0 specs
The International Swaps and Derivatives Association has released the working draft of FpML 3.0, which aims to increase the coverage of the standardised, electronic language to cover foreign exchange over-the-counter contracts such as forex forwards and…
Euronext in further European expansion
Euronext, the combined Paris, Amsterdam and Brussels exchange, has taken a further step towards creating a pan-European derivatives trading platform, by entering a cross-selling agreement with the Warsaw Stock Exchange (WSE).
Zipspeed launches daily mark-to-market weather index
Atlanta-based weather risk management company, Zipspeed, is set to launch a new weather index that it hopes will draw financial companies into the US weather risk market on a greater scale.
US regulated market sees strong growth
The International Securities Exchange (ISE) became the latest US derivatives exchange to post record average daily trading volumes in January.
Freddie Mac set to issue more callable debt
Freddie Mac, the US government debt agency, is looking to issue another large callable bond in the next few months, following its record $2 billion, three-year callable issue with a one-year embedded option last month. The agency is seen as meeting…
OneChicago eyes 'narrow-narrow' indexes
OneChicago will follow up the launch of single-stock futures – slated for mid-April – with the creation of 'narrow-narrow' indexes, according to William Rainer, chairman of OneChicago.
Setting a new pace
‘Broken records and shattered dreams’ was the headline for last year’s exchange review – but it could easily have been appropriate for this year’s. Certain exchanges have reported stellar growth, while others are suffering, for various reasons. By Joel…
Success is hardly assured
Single stock features
More talk than action
CCP 12
A shift in e-trading flows
Energy exchanges
A case of terminal consolidation
Exchange connectivity
New contract launches aplenty
Derivatives exchanges
Kicking off a global trend
Liffe-Euronext merger
The Basle II capital accord: op risk proposals in brief
This summary has been updated to include the revisions to the Basle II op risk proposals contained in the Working Paper on the Regulatory Treatment of Operational Risk issued in September, 2001 and available on the Bank for International Settlements’…
UK regulators ponder op risk charge for insurers
LONDON -- British regulators are deciding whether to impose a specific capital charge on insurance companies for operational risk under new risk-based rules aimed at making the UK insurance industry safer.
