Cargill drives into whey derivatives market through Brazilian buy

  • . Since this time the ingredient has seen a considerable rise in demand, notably on the back of the sports nutrition and functional food market which uses whey protein concentrates and isolates extensively.
  • . Food, according to analysts 3A Business Consulting, has been the last zone for market penetration of whey derivatives identified by the ingredients firms in both the US and Europe.

    Micex | MICEX Services | Marketing Events Services
  • MICEX Portrait MICEX Group News Room Trading Services Clearing & Settlement Listing Services IT Services Data Dissemination Partners For Investors For Issuers Feedback NYSE LSE MICEX TSE June 17, 2006 Marketing Events Services ABOUT MICEX MICEX SERVICES INFORMATION CENTER Marketing Events Services The Moscow Interbank Currency Exchange offers services in arranging and holding presentations of the products and services of your Company or the companies of your partners and clients.
  • . The MICEX has broad experience in financial marketing, promoting new financial instruments and launching financial projects which meet the interests of the Russian financial market and mirror current international trends.
  • . Many professional participants in the financial market, from underwriters and financial advisors to issuers and software developers, have already used the MICEX services.

    Micex | News Room | London Stock Exchange and MICEX Stock Exchange sign joint marketing agreement
  • . Under the agreement, the exchanges will pursue joint marketing initiatives to raise awareness of how to conduct an IPO on the capital market.
  • . These initiatives will include the production of marketing materials and hosting IPO conferences in the Russian regions.
  • . We look forward to contributing to the development of Russia’s capital markets by working with MICEX Stock Exchange to raise awareness of the IPO opportunities for Russian issuers and investors.” Alexei Rybnikov, Chief Executive of the MICEX Stock Exchange, said: “We are seeing a strong pipeline of Russian companies who are interested in raising equity capital to finance growth.
  • . A total of 10 companies with a large proportion of their assets in Russia are listed on the London Stock Exchange’s Main Market.
  • . By the end of 2005, the market capitalisation of UK and international companies on the London Stock Exchange’s markets amounted to £4.1 trillion, with £5.2 trillion of equity business transacted over the year.

  • . NOS Clearing ASA and Oslo Børs ASA (the Oslo Stock Exchange) have today entered into a co-operation agreement aimed at increasing the two companies’ focus on the Norwegian financial derivatives market.
  • . According to this agreement Oslo Børs will be responsible for all marketing activities related to derivatives trading whereas NOS will be responsible for the continued development and marketing of corresponding clearing services.
  • . With this agreement the two companies will strengthen their co-operation on developing a liquid market for standardized derivatives on the Oslo Stock Exchange.
  • . The Norwegian derivatives market has been adversely affected by the world wide decline within the financial markets, but NOS and Oslo Børs see good opportunities for renewed growth by attracting institutional investors.
  • . This market segment represents a major customer group within most international derivatives markets, but has, so far, been virtually absent from the Norwegian market.


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  • . NOS are pleased to welcome BHP Billiton Marketing AG, Trafigura Derivatives Ltd, Koch Carbon LLC, Hess Energy Trading Company LLC and Dannebrog Rederi AS as clearing members with NOS for freight derivatives trading.

    Finanza Home page
  • . BNP Paribas (UK) Retribuzione: Competitive Regno Unito-Londra 16 Jun To join the Debt Capital Markets group covering Corporate Clients in Germany, Austria and Switzerland.
  • . Retribuzione: Market rate Regno Unito-Londra 16 Jun Excellent career learning opportunity in asset management portfolio analytics for a Batchelor's or Master's Graduate.

    Derivatives Trading Operations
  • HOW DO BANK DERIVATIVES TRADING OPERATIONS WORK? In many textbooks, when you read about derivatives, the authors commence their discussion of the derivatives markets with a focus upon the listed exchanges, most often the Chicago exchanges.
  • . However, the development of the over-the-counter (OTC) derivatives markets is more interesting from the perspective of the derivatives dealer for their comprehensiveness and innovation.
  • . Listed markets deal only in plain vanilla options with rigidly defined contract specifications and a limited number of maturities.
  • . The OTC markets are characterized literally by an infinite variety of maturities, contract specifications and exotic modifications.
  • . Understanding the OTC markets implies an ability to fathom quickly the nuances of the listed markets.
  • . This article will provide a general overview of the different ways to organize a dealing room operation and the ways in which the dealing room interacts with clients, counterparties and other interested actors in the global capital markets.

    Derivatives Systems
  • DERIVATIVES SYSTEMS A critical but often overlooked aspect of a competent derivatives trading operation are the computer systems used to manage the risk, account for the positions on a mark-to-market basis, track derivatives-related events (such as expiries and rollovers) and measure Value-at-Risk.
  • . In the first edition of Risk Professional magazine published by the Global Association of Risk Professionals (see ), Geoff Kates establishes a framework for evaluating a financial risk management system and he uses this framework to assess some of the more common off-the-shelf products on the market.
  • . Integration At the beginning of the global derivatives market's development, almost every bank pursued derivatives in a stand-alone asset-class-by-asset-class fashion.
  • . However, an increasing number of financial institutions are turning to a more integrated approach, stripping the derivatives desks from each asset class' cash group and combining them into a more efficient cross-marketing machine.

  • Benefits

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    Credit Default Swap Players Play Hard
  • CDS players play hard Market surveys on credit derivatives are predicting enormous year-on-year volume increases for 2004.
  • . And the widely read survey conducted every other year by the British Bankers Association says it expects the global market in credit derivatives to rise to $8.2 trillion by the end of 2006.
  • . Marcus Schüler, who works on the integrated credit marketing desk at Deutsche Bank in London, says that whether they are a hedge fund, a loan portfolio manager or a relative value trader, players in this market are desperate for more ways of generating returns.
  • . But the list of players in this market is growing organically.
  • . For instance, correlation desks have been executing single tranche CDO deals a lot more easily thanks to an increasingly liquid market in iTraxx tranches.
  • . Correlation desks measure the sensitivity of their exposures against market moves and then decide how much protection they need to see in order to hedge themselves.
  • . “You were able to hedge your market risk by using the index, but the correlation risk wasn’t easily hedged unless you managed to place the other parts of the capital structure, ” another source explains.

    Jump in Volumes Generates Buzz in UK's Property Derivatives Market
  • Jump in Volumes Generates Buzz in UK’s Property Derivatives Market By Duncan Wood After ten years of a hesitant, intermittent existence, signs that the UK’s property derivatives market is developing confidence and stability have generated a real buzz of excitement.
  • . Property derivatives have had a small band of loyal cheerleaders since the mid-1990’s, but for most of that period only one bank – Barclays – was involved, and the market remained stubbornly illiquid and one-sided.
  • . As of November, market participants were claiming year-to-date volumes of between £750 and £800 million (in previous years, volumes have struggled to reach £200 million) and there were suggestions that the full-year figure might breach the magical £1 billion mark.
  • . “Over the first ten years we saw periodic activity, but the market didn’t grow.
  • . Transactions happened now and again but nobody else jumped onto the bandwagon, ” says Iain Reid, chief executive of Protego Real Estate Investors and – by virtue of the products he launched at Barclays in 1994 – the closest thing the fledgling market has to a godfather.

    DERIVATIVES WEEK : Derivatives, Swaps, Options & Structured Finance News
  • . Big Splash? Bear Stearns has recently started marketing in Asia a capital guaranteed structure linked to the performance of a basket of water-related companies.
  • . UBS has boosted its market-access desk in the region with a senior transfer from New York.
  • . Yogesh Attre, managing director in fund derivatives marketing at BNP Paribas in New York, has left the firm.
  • . The pickup in short-dated implied volatility coupled with falling stock markets is providing ideal pricing conditions for short-term equity-linked notes.
  • . Andrea Morresi, head of equity derivatives investor marketing at JPMorgan in London, has left the firm.
  • . Ken Sue, head of the investment products group for Asia at Deutsche Bank and a veteran of the Hong Kong equity derivatives market, will be retiring later this summer.
  • . synthetic marketing.
  • . The equity-linked note market in Taiwan is seeing a major shift to short-term bullish products on local underlying, following a recent pickup in domestic stocks.

    DERIVATIVES WEEK : Derivatives, Swaps, Options & Structured Finance News
  • . A deluge of credit derivative product companies is set to hit the market over the next year and some are looking to attain banking licenses, said panelists discussing CDO innovation.
  • . The Royal Bank of Scotland has hired Priscilla Lau, a collateralized debt obligation structurer at CIBC World Markets in London, for a similar role.
  • . at Swiss Re in Hong Kong, for a similar role marketing credit derivatives in Hong Kong.
  • . Calyon last week launched the first retail credit-linked note for the New Zealand market with capital protection.
  • . Buy- and sell-side players in the European synthetic asset-backed securities market met at The Bond Market Association offices in London last week for the European Securitization Forum's workshop on CDS of ABS.
  • . Dealers plan to meet later this month for a fresh round of discussions on the development of a European synthetic ABS index, which will comprise CDS on ABS underlying, seen as vital for market evolution.
  • . ABCDS market has surged over its European counterpart because of the availability of attractive underlying assets.


    Waters magazine - Tullett Prebon, Propex Partner in Property Derivatives Market

  • 5:49 17 June 2006 Latest Recent Keyword search   7 March 2006 NEWS Tullett Prebon, Propex Partner in Property Derivatives Market Tullett Prebon Information, a market pricing firm, entered into a strategic venture with Propex, owner and operator of electronic trading platforms servicing the UK’s commercial property market.
  • . The joint venture will allow the UK’s commercial property market access to Tullett Prebon’s property derivatives information and pricing through a newly created Property Derivatives Portal on the Propex website,
  • . Property derivatives are financial instruments that allow investors to manage exposure to the commercial property market without having to buy or sell the physical assets.
  • . Tullett Prebon, an inter-dealer broker, launched its property derivatives capability in July 2005 and formed a partnership with global property adviser DTZ in November 2005 for the marketing and execution of property derivative contracts in the UK and European markets.

    Weather Risk - Derivatives market
  • . Derivative providers say the increased liquidity of weather instruments - a result of the development of new regional benchmark contracts - may draw more participants into the market to hedge against similar price spikes in the future.
  • . Even if some of these energy companies and utilities did not have weather hedges in place to combat the summer crisis, they remain one of the main groups of end-users that derivative providers hope to draw in to the market, according to Clemmons.
  • . The lack of standardised pricing of weather derivatives throughout the industry also makes it hard to mark them to market.
  • . But he questions whether end-users - who buy weather derivatives for insurance purposes - would really need to mark them to market.
  • . "People don't mark to market their home insurance policies, " he says.
  • . In a further move to develop a deeper market, Prebon's Phillips suggests national benchmarks should develop in parallel to those existing in energy markets.
  • . This was done, for example in the gas market at Henry hub, Louisiana.

    SEC Testimony: OTC Derivatives (R. Lindsey)
  • . Financial Markets By Richard R.
  • . Lindsey Director, Division of Market Regulation U.S.
  • . Growth of OTC Derivatives Market The OTC derivatives market has experienced tremendous growth over the past two decades.
  • . We expect this market to continue to grow at a rapid pace.
  • . It is clear that events in the OTC derivatives market can impact the capital markets as well.
  • . The proper regulation of the OTC derivatives market is therefore an important concern to this Committee and to all of the financial regulators.
  • . While many factors have contributed to the growth and development of the OTC derivatives market, perhaps most notable is a series of rapid advances in technology.
  • . Recent Events The growth of the OTC derivatives market has not occurred without incident.
  • . While financial losses of this magnitude are of concern to regulators, these incidents do not necessarily demonstrate a need to adopt a new, comprehensive system of regulation for this market.
  • . All market participants need to establish a system of internal controls to effectively monitor and manage risks associated with their business activities.

    Derivative Function - Company Business and Marketing Industry Standard, The - FindArticles
  • IN > > > > Article Content provided in partnership with FIND IN Find Magazines by Topic Derivative Function - Company Business and Marketing , by Cygnifi guides managers through the exotic world of collateral management and currency swaps.
  • . 7]: 1 Does its industry have economic bargaining power? 2 Does its strategy offer customers a closed-loop solution? 3 Does its management have integrity and adaptability? 4 Does it have a compelling brand family? THE INDUSTRY The global derivatives market totals $80 trillion annually, according to the International Swaps and Derivatives Association.
  • . The capital at stake makes accurate analysis of derivatives valuable to market participants -- endowing derivatives information providers with economic bargaining power.

    Real Estate Derivatives World USA 2006
  • 5 - 7 December 2006, tbc, tbc, USA Take a position | Event information Information for delegates Information for sponsors Press and media Calendar of Events Why sponsor? Real Estate Derivatives World USA 2006 is an unrivalled and cost-effective sales and marketing solution that works throughout the year, providing you with new contacts and great exposure, culminating in an event which will bring you face-to-face with your key customers and prospects . @CallCenter