News
JP Morgan Chase pushes use of credit derivatives to enhance returns
JP Morgan Chase plans to give a number of presentations to asset managers to encourage them to use credit derivatives to enhance returns.
Fidelity rolls out Fix for fixed income
Fidelity Investments - a financial information exchange (Fix) pioneer for equities trading - is extending the connectivity protocol to support fixed-income trading for sell-side counterparties.
Summit releases upgrade to STP suite
Summit Systems, a risk systems and technology vendor headquartered in New York, has released version 3.4 of its Summit straight-through processing modular front- to back-office product suite.
Nasdaq launches European tracker ETF
The Nasdaq Stock Market has launched a Nasdaq-100 European Tracker, an exchange-traded fund (ETF), on the Nasdaq Europe exchange today under the symbol EQQQ. The fund is designed to follow the Nasdaq 100 index and is composed of the top hundred non…
Deutsche Bank seeks plays on EU convergence
Deutsche Bank has launched a Central European foreign exchange (CEFX) convergence index designed to provide optimally weighted risk/return exposure to the Polish, Hungarian, Czech and Slovakian currencies. The index is tradable as a spot currency, with…
FXall adds liquidity providers
FXall will announce the addition of four new liquidity providers to its platform today, the multi-bank trading portal told RiskNews ’ sister publication FX Week .
Polling starts on Risk and EPRM’s 2003 energy and commodity rankings
Risk magazine and sister publication Energy & Power Risk Management (EPRM) today began polling for their 2003 energy and commodity rankings.
Danske restructures FX sales
Danske Bank has reorganised its forex sales team in London into separate units for corporate and institutional customers.
Bank One updates technology to boost derivatives
Bank One is hoping to expand its global interest rate derivatives trading business by replacing decade-old customised trading software with new off-the-shelf technology.
Robeco to offer new equity derivatives-based fund
Dutch asset manager Robeco plans to launch a second guaranteed fund product that uses equity derivatives.
Green light for securities firms
New angles
Coupon clamp-down on Italian retail products
The Banca d’Italia is considering a plan to cap coupon payments on structured investment products targeted at retail investors, according to market sources. Coupons would be limited to no more than double the one-year Euribor rate, which currently stands…
Japan follows US in holiday mood
Trading in Japan’s credit default swap market remained subdued throughout the week, because of Thursday’s Thanksgiving holiday in the US and a general month-end slow down in activity.
Synergy snaps up Cor Risk solution for investment strategy management
Toronto-based Synergy Asset Management (Synergy) has implemented a risk portfolio management tool from London-based software analytics Cor Risk Solutions. Synergy said it has licensed Bita Research and Bits Risk Modeller to support its investment…
Europe sees low trading volumes in credit derivatives following US holiday
Trading volumes in the European credit default swap market have dissipated towards the end of the week, following yesterday’s holiday in the US. Spreads remain tight with muted reaction to negative news on particular credits, including Munich Re’s poor…