Recently it seems that we are seeing Mervyn King's pallid and forelorn face appearing on our screens with monotonous regularity these days, as he announces yet more doom and gloom for the UK economy. At the Mansion House speech that he made yesterday, the owlish governor re-iterated the parlous state of the UK housing market and clearly stated that inlfation was set to rise. The UK, it seems, is set for a bumpy ride in the coming weeks.
Being a positive sort however, this augurs well for the OTC derivatives markets and presents some interesting opportunities for the buy side. Volatility, as they say, is the mother of opportunity, and my guess is that the volumes of inflation related derivatives is set for boom times. and here is why...
Inflation products have actually been around for donkey's years*. Whether they are index-linked bonds or derivative products linked to inflation indices, ... more »
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Thursday, June 19
Expect an Increase in Inflation Derivatives
by
Sean Sprackling
on Thu 19 Jun 2008 13:37 BST
Wednesday, June 18
Standard & Poor’s and SuperDerivatives Bring Together Their Valuation Services to Create the Leading Valuation Offering for Securities and Derivatives
by
Sean Sprackling
on Wed 18 Jun 2008 19:36 BST
Combined global sales and marketing operations will offer the largest independent valuation coverage available through one channel, facilitating risk management and regulatory compliance NEW YORK, June 17, 2008 – Recognizing the need of financial markets for readily accessible and comprehensive pricing capabilities across a broad spectrum of cash, structured and derivative instruments, Standard & Poor's Securities Evaluations, Inc. (SPSE), a leading global provider of independent securities evaluations, and SuperDerivatives®, a leading provider of derivatives pricing, revaluation and risk management solutions, today announced that they have signed an agreement to establish a strategic sales and marketing alliance to combine their valuation offerings for fixed income securities (cash and structured products) and all major OTC (over the counter) and exchange- traded derivative asset classes into one sales and marketing channel. This new alliance will offer the broadest coverage of asset classes and geographical reach available, combining the technological and market strengths of ... more » Tuesday, June 17
CMA & Derivation Software Announce Deal with Augustus Asset Management
by
Sean Sprackling
on Tue 17 Jun 2008 09:46 BST
London, 17 June 2008: CMA, the credit information specialist, today announced that Augustus Asset Management has selected CMA DataVision and Derivation Software to provide independent CDS price verification services. Augustus, a London based fund manager with $13.5bn in assets under management, will receive prices from DataVision's buy-side consortium model via the Derivation platform.
Michael Allen, Chief Operations Officer at Augustus explained the background to the deal: "Augustus has been actively trading credit for about 4 years. We wanted a reliable data set that could be used by both the front and middle offices to price positions and perform flash P&L for a variety of alternative and mutual fund strategies and that would help with Augustus's ongoing drive to comply with AIMA / IOSCO valuation guidelines. We'd been speaking with Derivation as they have the ability to manage a wide variety of securities and they recommended CMA to us. During the ... more » Thursday, June 12
OTC Derivative Surveys
by
Sean Sprackling
on Thu 12 Jun 2008 09:13 BST
In the last couple of days there have been a number of reports on the state of the OTC market, but having read them they feel more like advertisements than anything truly useful.
The first one is from the Tower Group that was presented at the recent SIFMA conference, and has the deadful title of "OTC Derivatives Market Must Move Toward Electronification to Keep Regulators at Bay". The report basically suggests that more of the buy side should use DerivServ, that there should be more standardisation in equity derivative contracts and that people should be tracking their derivative contracts through the lifecycle. So not much that is new there then...If you want to have a look at the report click here The next one that I have seen is from Goldensource, the data management company. It is called "OTC Derivatives Spark Need for Buy-side Firms to Revise Data Management Strategies", ... more »
JPMorgan releases automated reconciliation technology for OTC derivatives
by
Sean Sprackling
on Thu 12 Jun 2008 08:32 BST
Source: JPMorgan, 10 June 2008
JPMorgan,
faced with explosive demand for over-the-counter (OTC) derivatives
processing, announced today the launch of a solution designed to help
financial institutions handle higher volumes, lower position breaks and
reduce credit risk. "The trading volumes of OTC Derivatives are expanding exponentially and our clients need better and better tools to provide security against exposures," said Kelly Mathieson, global head of JPMorgan's Collateral Management business. "Accuracy and transparency are crucial to the derivatives marketplace," she said, adding, "Investment professionals can no longer afford the risks associated with manual processing." The amount ... more » |
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