Is This Crisis Different? Not Really
Despite popular sentiment that the financial meltdown of 2007-08 is unique in history, we can glean lessons from earlier crises to make a better, more stable financial system, says John Chen, CEO of Sybase.
Tervela Offers New Integrated Options Solution
The program can be customized to meet immediate market data distribution, options market making, automated trading and co-location requirements while laying a scalable foundation for the future, Tervela says.
New Derivative Clips Tail Risk
Actuarials Holdings, a Chicago-based company, has launched a new derivative that eliminates tail risk. The product is called a Clipper, as it clips the investment's downside potential as well as caps its upside potential.