Foreign exchange
Caution at Cairn
Cairn Capital's chief executive, Paul Campbell, talks to Alexander Campbell
Basel II backlash
Credit Risk
Back to basics
Collateralised debt obligation (CDO) arrangers were ambushed in August by the most dramatic shifts in credit markets since 2005, while many investors have shied away from complex products. Where does this leave the future of the CDO market? Mark Pengelly…
Singed by contingents
Deal-contingent Swaps
Rates rebound
Interest rates
Pressure point
Editor's letter
Greek crisis boosts business for SuperDerivatives
The Greek pension crisis has led to the increased use of SuperDerivatives' interest rate derivatives and pricing platform (SD-IR). Those that have adopted the platform include Eurobank EFG and Marfin Popular Bank.
LEBA launches CER index
The London Energy Brokers’ Association (LEBA) is launching a benchmark index for certified emissions reductions (CERs) on 3 December. The LEBA Carbon CER Index will be calculated using the average of trades for physical delivery transacted by LEBA…
E*Trade’s CEO departs as Citadel injects $2.5bn into the firm
E*Trade’s chief executive, Mitchell Caplan, is the latest high-profile casualty of the US subprime crisis. Jarrett Lilien, the financial services firm’s president, has been named acting chief executive.
S&P to launch three CDS indexes
Standard & Poor’s will launch three US-based credit default swap (CDS) indexes in the first quarter of 2008.
Automated trading to compose 90% of futures by 2010
Pit trading is fading fast. An estimated 50% of all futures markets transactions in 2007 occurred through automated trading strategies – including market-making and quantitative black-box trading activities - and this proportion will rise to 90% by 2010,…
FSA cracks down on client valuations
Daily news headlines
Nasdaq launches internet index
Nasdaq Stock Market has launched the Nasdaq Internet Index, a benchmark index which is designed to track the performance of companies engaged in a broad range of internet-related services.
Fraud and incompetence led to subprime crisis, Fitch says
Falling house prices might have triggered the crisis in residential mortgage-backed securities (RMBS) based on US subprime mortgages, but analysts at US rating agency Fitch say the root of the problem was widespread fraud and incompetence in the mortgage…
$3 billion of CPDOs at risk of unwinding
Barclays Capital estimates $3 billion of constant proportion debt obligations (CPDOs) are at imminent risk of being unwound.
Teoh joins team to Pioneer institutional focus in Australia
Pioneer Investments has hired Stephen John Teoh as head of sales and distribution for its Australian business. The appointment is part of the global investment management group's increased focus on institutional investors in the region. Teoh will also be…
CDO shakeout puts spotlight on managers
Unsettled structured credit markets are causing investors to become more scrupulous in their collateralised debt obligation (CDO) manager choices, according to market participants.