Institutional Financial Derivatives (Free subscription) | yesterday
You might think that as Congress considers just how much regulation is needed for the shadow financial system — the one that largely escaped regulation in the past — letting in such light would be an easy and uncontroversial move. But it is not proving to be easy at all, and is one part of the Obama administration’s financial reform package that is most in jeopardy. Timothy Geithner,...
Institutional Financial Derivatives (Free subscription) | 26/11/2009
When, at the beginning of 2008, Antoine Castel took control of the fixed-income unit in Beijing of Calyon , the investment banking arm of Crédit Agricole, the world’s biggest banks were making fat profits in China’s nascent derivatives markets. But just weeks into his new job at the French bank, Mr Castel watched in horror as Chinese companies began to lose billions of dollars on...
Martin Meenagh Blog (Free subscription) | yesterday
One more time.... Here is the order of battle in the current depression. Please refer back to every other post here since 2007 1) Derivative markets will fall, which will panic governments 2) Money will move into stocks and shares after banks are 'stabilised' 3) Stocks and shares will slide as global imbalances and bank weakness are revealed 4) Treasury bonds and government securities will rise irrationally...
Mondo Visione (Free subscription) | yesterday
On recommendation of the Derivatives Market Committee RTS Clearing Center has passed a resolution on increasing its Reserve Fund by RUB300 million as of November 16, 2009.
Institutional Financial Derivatives (Free subscription) | 26/11/2009
The concentration of the credit- default swaps market in the hands of a few players is increasing risk and should be remedied by more transparent reporting, according to Celent. Five banks including Goldman Sachs Group Inc. and JPMorgan Chase & Co. accounted for about 90 percent of the credit-default swaps market in 2009, the Boston-based research firm said in a Nov. 25 report. “The leading...
Mondo Visione (Free subscription) | 26/11/2009
Hong Kong Exchanges and Clearing Limited's (HKEx) Derivatives Market Transaction Survey 2008/09 (covering the period from July 2008 to June 2009) found that Exchange Participants' (EPs) principal trading supported half of the trading in HKEx's derivatives (futures and options) market and the other half had strong support from both local investors (primarily individuals) and overseas investors (primarily...
The Business Insider (Free subscription) | 25/11/2009
Despite regulatory threats on the horizon, the outlook for the credit default swaps (CDS) market remains bright. While the CDS market's notional value of outstanding contracts fell 14% in 2009, it's still at massive $36 trillion of notional value. Swaps brokers and clearinghouses don't appear worried about its future according to DealBook . DealBook: ...trading in swaps has so far survived the crisis...
Midas Oracle .ORG (Free subscription) | 25/11/2009
An explanatory post by Paul Hewitt. Paul, don’t talk about “shares”. The right vocabulary is “event derivatives” — or, in other contexts, “event derivative markets” and “prediction markets”. Midas Oracle = About + Archives + Authors + Best + Contact + Information Technology + Links + Probabilistic Predictions + Post-Mortem Predictions + Prediction...
Market Watch (Free subscription) | 25/11/2009
LONDON (MarketWatch) -- The London Stock Exchange said Wednesday that its fiscal first-half net profit fell 40% to 49.3 million pounds, hit by lower income from equity trading as well as costs related to staff cuts and an acquisition. The group said revenue for the six months to Sept. 30 fell 9.2% to 310.9 million pounds. The exchange operator said the average daily U.K. equity value traded declined...
Rortybomb (Free subscription) | 24/11/2009
The OTC derivative market is one of the crucial points of reform. Noam Scheiber has good news, Could Wall Street Actually Lose in Congress? The proposal the Obama administration unveiled this summer would have forced banks and hedge funds to trade derivatives on exchanges and “centrally clear” them. Clearing means inserting a well-capitalized middleman [...]
Black Listed News (Free subscription) | 24/11/2009
When, at the beginning of 2008, Antoine Castel took control of the fixed-income unit in Beijing of Calyon , the investment banking arm of Crédit Agricole , the world’s biggest banks were making fat profits in China’s nascent derivatives markets.
Financial Times (Free subscription) | 23/11/2009
China's regulatory moves are in stark contrast to the slow pace of reform in derivatives markets in the US and Europe
Financial Times (Free subscription) | 23/11/2009
China's regulatory moves are in stark contrast to the slow pace of reform in derivatives markets in the US and Europe
AdvancedTrading (Free subscription) | 23/11/2009
In December, the House of Representatives will vote on OTC derivatives reform and broader financial reform. Tabb Group Senior Analyst Kevin McPartland discusses these and other deadlines as well as the challenges that must be overcome in the House and Senate for the financial reform to move forward.
AppShopper.com: Price Changes (Free subscription) | 22/11/2009
CFA Level I - Derivatives 2009 2009.09.01.0 Category: Education Price: $4.99 -> $3.99 ( iTunes ) Description: CFA® MasterMobile® by Spherevox for Derivatives 2009 section is now available for your iPhone and iPod Touch device focusing on CFA® Level I - Derivatives material for the upcoming December 2009 CFA® exams. MasterMobile® for CFA® Level I - Derivatives 2009 comes...
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