Departments
Players
Carolyn Jackson's Literary Secret
Plus: Garry Popofsky...JoAnne
Tillemans...Bob Baldoni
Shorts
Advice from the Comptroller: 15 bucks
Plus: Revising Hedging Theory
Regulatory Watch
SEC to Corporates: Get Quantitative
Tech Notes
Systems Integration, SunGard-Style
Plus: Orange County Goes Interactive!
European Notes
Euro-Czech Fever
The Czech Republic's booming, high-yielding debt market is
attracting a new crop of derivatives players.
Roundtable
Is Equity Protection Worth It?
Columns
Value-At-Risk
The Next 10 VAR Disasters
Aaron Brown predicts how VAR is likely to be used and abused.
Value-at-Risk
And Now, Spread-at-Risk
Gabriel Bousbib explains why Spread-at-Risk is a better risk
measure for non-leveraged financial institutions. |
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Features
Derivatives Hall of Fame
Lep Melamed, Richard Sandor, Myron Scholes, Allen Wheat
Plus: The Arthur Andersen Hall
of Fame Roundtable
Estimating Volatility
There's no perfect way to estimate volatility, but here are some of the
best approaches.
By Karin Spinner
Worrying about Correlation
Everybody likes diversification. But how do you achieve it in a world
that's increasingly correlated?
By J. C. Louis
The World According to Emanuel Derman
Interview by Joe Kolman |
Departments
Exchange Notes
Au Revoir GLOBEX
Plus: The CBOT's Inflation Trade...Swedes
Try Again...Dow Jones Wakes Up |
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Features
The Fight For Europe
LIFFE, DTB and MATIF all want to dominate the trading in euro interest-rate
contracts. Only one can win.
By Nilly Ostro
The Exchanges' Greatest Hits of
1996
Many of last year's most successful new contracts rode the equity bull
market to success. Others succeeded on their own charms.
By Karen Spinner
Screen vs. Pit: Score One for Project
A
How supporters of the CBOT's off-hours electronic trading system forced
it to rethink its link with LIFFE.
By Margaret Elliott |
