News
Three more Korean securities firms receive derivatives licences
Three additional securities firms have received authorisation to trade over-the-counter (OTC) derivatives in South Korea following regulatory changes last July that opened up the OTC derivatives market to the country's securities houses.
Fitch unveils OpVantage version 5.0
Fitch Risk, a unit of rating agency Fitch, plans to release a March update of its OpVar software, which provides a database of operational loss events and software that helps banks better model operational risk.
Korea's SK Life acquires Kamakura market risk system
SK Life Insurance, one of South Korea's largest life insurance companies, has licensed Honolulu-based risk management technology firm Kamakura's market risk system, Kamakura Risk Manager. The deal marks the 10th Korean client for Kamakura.
IAS will inject volatility into financial statements, says S&P
The required adoption of International Accounting Standards (IAS) for publicly listed European Union banks by 2005 is set to boost not only the transparency, but also the volatility of these institutions' financial statements in coming years, rating…
IAS will inject volatility into financial statements, says S&P
The required adoption of International Accounting Standards (IAS) for publicly listed European Union banks by 2005 is set to boost not only the transparency, but also the volatility of these institutions' financial statements in coming years, rating…
Reuters to focus on risk services as losses hit £533 million
Reuters is to concentrate its business development on risk management, treasury products and content management as part of an ongoing overhaul of the UK information and trading systems provider, instigated by chief executive Tom Glocer.
Eurex to expand French equity options segment
Eurex will next month increase the number of French companies it offers options on from nine to 36, the Swiss-German derivatives exchange said in a statement.
First Taiwanese ABS to close next week
Industrial Bank of Taiwan (IBT) and lead manager SG, the investment banking arm of French bank Société Générale, have set the closing date for Taiwan’s first asset-backed security transaction for February 24, according to a source familiar with the…
Calypso hooks up with DataSynapse
San Francisco-based software provider, Calypso Technology, has teamed up with New York-based technology vendor DataSynapse, to market the integration of the grid-computing capability of DataSynapse’s LiveCluster computer infrastructure product with the…
GE ERC names Narvell as new global chief actuary
GE's Employers Reinsurance Corporation (GE ERC) has lured John Narvell from XL Winterthur International as its global chief actuary.
Hancock, Merton and Mendoza launch Integrated Finance
Integrated Finance (IFL), the brainchild of Peter Hancock, Robert Merton and Roberto Mendoza – and one of Wall Street’s worst kept secrets – has officially opened for business.
Dollar downturn sparks rise in hedging activity
The fall of the US dollar in the past few months has sparked an increase in hedging activity among US companies, despite their reluctance to use hedges just six months ago.
Derivatives exchange volumes booming, says FIA
The world’s derivatives exchanges saw a 37% increase in trade volume last year, up 1.61 billion contracts from last year’s 5.99 billion, according to the Futures Industry Association (FIA).
AIB promotes capital markets head
Allied Irish Banks (AIB) has made its capital markets head, Colm Doherty, an executive director of the bank.
CLS hires ABN Amro’s Butterfield
Jonathan Butterfield has joined CLS Bank in New York as executive vice-president, marketing and communication.
CME set to offer eurodollar data via the web
The Chicago Mercantile Exchange (CME) plans to introduce a new market data application called E-px, which will display price and volume data for eurodollars.
Kamakura upgrades key risk management system
Kamakura, a Honolulu-based risk management technology company, has released a new version of Kamakura Risk Manager (KRM), its integrated risk management application.
Platinum offers hedge funds to Asian investors
Platinum Capital Management, the UK-based international financial investment group, has begun to offer two of its hedge fund products – Platinum Washington and Platinum Capital Protected Income Plus, Class A (Platinum Class A) – to high-net-worth…
Nomura victory sets precedent for credit derivatives delivery
A landmark ruling, favouring Nomura over Credit Suisse First Boston (CSFB), in London yesterday will set a clear precedent for the credit derivatives market, the Japanese investment bank said. Nomura challenged CSFB on the deliverability of convertible…
Japan credit default swaps brush off international events
Credit default swap spreads in Japan tightened across the board this week, brushing off heightened diplomatic tensions with North Korea and the threat of war in Iraq, as technical factors continued to support the Japanese market, dealers said.
Terror threats push up European credit default spreads
Credit default swap spreads for European corporates started to widen during the later part of this week. Fears of a terrorist attack in London or elsewhere, coupled with generally weak equity markets, started to reduce confidence in the market, traders…
Kamakura upgrades key risk management system.
Kamakura, a Honolulu-based risk management technology company, has released a new version of Kamakura Risk Manager (KRM), its integrated risk management application.
Nymex makes EOO trading permanent
The New York Mercantile Exchange (Nymex) yesterday said that it will make exchange of options for options (EOO) trading in energy markets permanent.
Emerging market credit quality improving, says S&P
Emerging market credit quality is “on the mend”, according to rating agency Standard & Poor’s, but Latin America faces the biggest vulnerability among the regions.