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BNY ConvergEx Introduces Options Trading
In light of the growing popularity of listed derivatives and growing client demand, BNY ConvergEx Group has launched a new options trading desk. Buy side clients can take advantage of either broker-assisted or fully electronic options trading via BNY ConvergEx.
Bear CDO Series: Valuation Crisis
Since the credit crisis erupted six weeks ago, hedge funds suffering heavy losses in CDOs related to sub-prime mortgages have had a difficult time pricing these complex instruments. Last week, French bank BNP Paribas shut down three funds with exposures to the U.S. sub-prime market because it said it could not value the funds. This in turn rattled other overseas banks that were exposed to U.S. sub-prime mortgages.
Calling All Listed Futures and Options Trading System Providers!
Don't miss your chance to be listed in Advanced Trading's next Directory featuring Listed Futures and Options Trading Systems.
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