The Markets January 10, 2007

Rydex Expands Offering of Twice-a-Day Fund Pricing

Rydex Investments has announced it will expand the availability of twice-a-day pricing for a selection of Rydex mutual funds, to help brokers and their clients manage intra-day risk and take advantage of market liquidity.
Reported by

According to the announcement, the new pricing capability, already offered to investors directly through Rydex as of 2000, is now available through National Financial, the clearing provider for Rydex Financial Services.

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Rydex said the funds on the National Financial platform that will now offer pricing at 10:45 a.m. and 4:00 p.m. are:

  • Rydex S&P 500 Fund,

  • Rydex Russell 2000 Fund,

  • Rydex Dynamic Dow Fund,

  • Rydex Dynamic OTC Fund,

  • Rydex Dynamic Russell 2000 Fund,

  • Rydex Dynamic S&P 500 Fund,

  • Rydex Inverse Dynamic Dow Fund,

  • Rydex Inverse Dynamic OTC Fund,

  • Rydex Inverse Dynamic Russell 2000 Fund, and

  • Rydex Inverse Dynamic S&P 500 Fund.

For more information on Rydex Investments, call 800.820.0888 or visit www.rydexinvestments.com.

Products January 10, 2007

Mellon Offers Derivative Valuation Service to Institutional Clients

Mellon Financial Corporation has introduced its independent, over-the-counter (OTC) derivative valuation service for institutional clients.
Reported by

According to a Mellon news release, the service can provide valuations for a wide range of swaps and options. “The market is moving toward suppliers that can provide independent valuations for a wide range of OTC derivatives besides the two most common, interest rate swaps and credit default swaps,” Daniel Wywoda, senior vice president, Mellon’s Asset Servicing group, said in the release.

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Wywoda pointed out Mellon “can obtain valuations for default basket swaps, total return swaps, currency swaps and inflation swaps, among others.” He also said additional developments planned in the next 18 months include enhanced derivatives reporting, transaction processing, and risk and collateral management.

Mellon’s Asset Servicing group is comprised of Eagle Investment Systems, DPM Mellon, Mellon Analytical Solutions, and its joint venture partnerships – ABN AMRO Mellon and CIBC Mellon.

More information can be found at www.mellon.com.

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