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Casey: 2012 and the cult of inverse equity 26 January 2012

What does it say of equities that inverse ETFs have become good long-term bets? Flawed construction aside, Theo Casey notes short EURO STOXX funds gained steadily in 2011. Here he shares a short selling candidate for the year ahead.
Grob: Poachers turned gamekeepers 05 January 2012

Fidessa's Steve Grob responds to CME chairman emeritus Leo Melamed's defence of HFT.
Cicero: D2D + D2C does not equal A2A 07 December 2011

The changing business model for banks in the new world order.
Casey: Nokia dividends Part II - a winning trade 11 November 2011

Part II of Theo Casey's consideration of his Nokia dividend play.

CRD 4: Out of the frying pan and into the fire for pension funds 23 December 2011

Pension funds were about to celebrate their exemption from the costly clearing of OTC derivatives trades, when the banks pointed out the increasing costs of non-cleared trades that were heading their way finds Dan Barnes.
Johnson: The true "secret" of the Shad-Johnson Accord 23 December 2011

Philip McBride Johnson looks back on a key moment in derivatives regulation.
Review of the year: regulation 23 December 2011

2011 was intended to be the year that reforms to the derivatives industry took shape. However, it will be remembered as a year of delays and confusion as regulators struggled to get on top of complex issues within the industry, write David Wigan and William Mitting.
Moulange: New markets and new rules will dominate 2012 22 December 2011

Next year will be the year regulators bear their teeth.

FOW Person of the Year: CBOE's William J Brodsky 23 December 2011

William Brodsky, chief executive of CBOE Holdings, reflects on a remarkable year for the exchange.
Review of the year: exchange mergers 23 December 2011

In the depths of the coldest European winter for 300 years, the announcement in February of the proposed merger between Deutsche Börse and NYSE Euronext sparked a storm of debate and set the scene for a deal jamboree across global exchanges. However the merger mania was soon met with the cold wind of reality as deals collapsed in the wake of protectionism and competition concerns.
Carré: Poland's exchange to continue to flourish 24 November 2011

Why the Warsaw Stock Exchange is shrugging off the financial crisis.

Review of the year: MF Global 23 December 2011

The demise of MF Global hit the futures industry like a mack-truck. Allegations that the firm used customer money to cover its own financial shortfall in its last days, has left the industry and investors without knowing who can be trusted, finds Elise Coroneos.
2011 FOW awards for innovation winners 17 November 2011

Congratulations to all our FOW awards winners, who were unveiled last night.

Editorial: Are we sowing the seeds of the next crisis? 16 December 2011

If governments insist in central clearing for illiquid contracts, they must accept the consequences.
Hegarty: A European Operetta? 08 December 2011

How new European regulations will lead to both increased competition and increased data requirements in exchange traded derivatives.
Flemming/Foulkes: The uncertain path to OTC clearing 24 November 2011

Financial institutions should take action now to prepare for new OTC regulations.
From the buyside: asset managers fight OTC clearing corner 11 November 2011

The buy-side say there is a case for exempting them from the obligation to centrally clear OTC derivatives trades. Now the dealers are backing them finds Dan Barnes.

War of the worlds: experts predict arms race in algorithmic trading 23 December 2011

The fungibility that regulations will deliver in derivatives markets could trigger an arms race in algorithmic trading. However, algo traders will have to reassess their strategies for the new market writes Dan Barnes.

FOW Person of the Year: CBOE's William J Brodsky 23 December 2011

William Brodsky, chief executive of CBOE Holdings, reflects on a remarkable year for the exchange.