Posted on May 16th, 2008 by Tom Groenfeldt
Philippe Carrel, SVP at Thomson Reuters, has been rounding up bankers, quants and technologists in New York and London to gauge the satisfaction with existing information on structured assets (very low) and create some standards that market participants can agree upon. Everyone knows Black-Scholes has some underlying problems but it provides an accepted way to […]
Filed under: Securities & Capital Markets, risk | No Comments »
Posted on April 25th, 2008 by Fabien Buliard
As the equity trading industry gathered at TradeTech in Paris this week to discuss the latest developments in terms of liquidity pools, new trading venues, smart order routing or low latency, it is interesting to note comments made about financial markets by European political and business leaders in recent weeks.
The departing chairman of insurance giant […]
Filed under: Credit Crunch, Securities & Capital Markets, regulation | No Comments »
Posted on April 17th, 2008 by Tom Groenfeldt
Which parts of the FSA’s guidance is a firm expected to follow?
That’s what one attorney asked Roseanne Harford, Manager, Strategy and Risk Division – at the FSA during Tuesday’s MiFID Forum in London.
The FSA relies on informal guidance which creates the risk of a soup of materials that firms find difficult to navigate, he said. Is […]
Filed under: Securities & Capital Markets, regulation, risk | No Comments »
Posted on April 17th, 2008 by Tom Groenfeldt
Wholesale markets in Europe have done well under a gentle regulatory regime, David Wright, deputy director general, EU Commission told The Forum, a MiFID event Tuesday. European markets grew twice as fast as GDP and faster than markets in the US.
“It is a pretty staggering change from where we were 10 years ago.”
But he warned […]
Filed under: Securities & Capital Markets, Technology, regulation | No Comments »
Posted on April 6th, 2008 by Tom Groenfeldt
US Treasury Secretary Hank Paulson’s proposals are catching a lot of flak from NY Times columnist and Princeton economist Paul Krugman
Although he works in Princeton, nearly 200 miles from Washington, Krugman routinely beats the pants off the Washington press corps by reading legislation and budgets, paying attention when the Bush administration gives five different […]
Filed under: Credit Crunch, Securities & Capital Markets, risk | No Comments »
Posted on March 19th, 2008 by Sherree DeCovny
Despite the gloom and doom, the beat goes on this side of the pond. Plans are in the works to start an electronic futures exchange, known as Four Seasons, to rival the Chicago Mercantile Exchange (CME). Among those said to be backing the platform are Bank of America, Barclays Bank, Citadel Investment, Citigroup, Credit Suisse, […]
Filed under: Exchanges, MFT, Securities & Capital Markets | No Comments »
Posted on March 12th, 2008 by Tom Groenfeldt
When no active market exists, how do you value assets? Reuters is promoting a plan to develop industry consensus pricing for derivatives and complex securities – see my article in Securities Industry News 10 March.
Philippe Carrel, EVP and global head of business development at Reuters, calls the service, announced on 28 January, an open pricing-model […]
Filed under: Securities & Capital Markets, Suppliers, Technology, risk | No Comments »
