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March
The International Swaps and Derivatives Association has today published two reports designed to improve understanding of how collateral is used to mitigate credit risk in the over the counter derivative markets.
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Those who claim it is cheaper to engage in derivatives over the counter than through a central clearing counterparty are not taking the cost of credit risk into account, according to a study by the European Energy Exchange.
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N2eX, the power exchange venture run by Nasdaq OMX and Nord Pool, will launch futures “within six months”, according to Geir Reigstad, president of Nasdaq OMX Commodities.
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February
The Commodity Futures Trading Commission’s long-awaited announcement on January 14 of a new policy on controlling energy speculation was greeted in the market with quiet relief and satisfaction.
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Newedge, the derivatives and securities brokerage, has appointed Laurent Cunin as head of its Asia Pacific operations, based in Hong Kong.
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Gauging how many derivatives staff lost their jobs in the financial crisis and what effect that had on pay is not easy. Some segments of the market have remained bullish, however, as Hugo Cox discovers.
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Deutsche Börse Group, operator of Eurex and International Securities Exchange, is bringing in US management consultancy McKinsey for large scale restructuring, a person familiar with the matter has told Futures and Options World.
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The New Zealand Stock Exchange (NZX) is confident that its whole milk powder future will establish itself as a global benchmark because it is not US centric, unlike the rival CME Group contract.
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Interdealer broker Tullett Prebon has launched a new over-the-counter brokerage firm in Japan for equity derivatives.
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Every year, people live longer. That may sound nice, but it’s a big problem for the financial industry, especially pensions providers. Firms would love to be able to trade and hedge longevity risk, but there have been few practical solutions – until now.