Bank of New York is poised to announce the launch of the new global collateral management system the bank has developed over the last two years. The new system, called the Dynamic Continuous Optimisation (DCO) service, aims to deliver what
Issues of CDOs in Japan rose eight fold in 2002 as Japanese banks restructured their balance sheets. Or so says the Moody's Investors Service, which today released a special report titled 2002 Japanese CDO Review and 2003 Outlook. According to
The European asset backed commercial paper (ABCP) market should continue to grow strongly in 2003, albeit at a slower pace, after notching up its third consecutive year of high growth in 2002 despite difficult economic conditions and concerns about regulatory
TradeWeb, the online fixed income trading platform, executed trades worth $10.8 trillion in 2002 with peak volumes hitting over $80 billion a day and monthly volumes of over $1 trillion. The platform includes 19 major dealers and over 1,200 fund
Issuers in the UK and Republic of Ireland were the biggest in the European structured finance market in 2002, with Euros 59 billion of securities, says Moody's Investors Service in its review of the year just ended. However, the ratings
The European securitisation market continued to grow strongly in 2002 despite the weakness of the equity markets and concern about corporate credit quality. Or so says Moody's Investors Service in its 2002 Review & 2003 Outlook for Europe's structured finance
The Financial Accounting Standards Board (FASB) today published new US accounting rules which analysts fear will force off balance sheet transactions back on to corporate balance sheets, hammering the collateralised debt obligation (CDOs)and asset backed commercial paper markets. The new
Grupo mF the Spanish electronic securities trading group which combines the MEFF futures and options market, the SENAF government bond trading platform and the AIAF corporate bond platform say trading volumes were up last year by 10.5 per cent to
EasyScreen has signed a Letter of Engagement with Commerzbank Securities for the sale of an electronic trading system for trading equities, futures, options and CFDs off a single screen. The Commerzbank Securities (ComSec) system is configured to deliver data in
Eurex has shaded Euronext.liffe in the race to be first to introduce a futures contract on overnight euro interest rates (European Overnight Index Average, or EONIA). The exchange announced today that it will introduce EONIA futures on 27 January. Euronext.liffe