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SG reshuffles Asian energy risk management team
SG, the corporate and investment banking arm of French bank Société Générale, has made changes to its energy risk management team in Singapore.
Sponsor's article > Implementation pulls in the punters
The UK's Financial Services Authority (FSA) was planning an intimate get-together at London's Café Royal to discuss Basel implementation. But massive interest meant a change of venue to accommodate the 500 people who eventually came.
Deutsche launches standardised forex index contracts
Deutsche Bank has launched standardised foreign exchange index contracts that track the performance of one currency against a basket of other currencies.
DBS Bank offers CLNs to Hong Kong retail investors
Singapore’s DBS Bank has begun offering credit-linked notes (CLNs) to Hong Kong retail investors.
CME targets online FX market for Asia growth
Electronic foreign exchange derivatives trading will play a key role in the Chicago Mercantile Exchange’s (CME’s) development in Asia over the next few years, according to a senior official at the exchange.
State St to launch FX fund in fourth quarter
State Street Global Advisors (SSgA), the investment management arm of State Street, is set to launch a currency fund in the fourth quarter as part of its newly created hedge fund strategies group, a senior official at the firm told RiskNews’ sister…
Treasurers 'extremely concerned' by IASB rules
The International Group of Treasury Associations (IGTA) says IAS 39 should not be adopted unless two changes related to currency and interest rate hedging are made to the International Accounting Standards Board’s (IASB) rule.
Escoffier outlines SG’s UK expansion plans
David Escoffier, French investment bank SG’s newly appointed head of equity derivatives for the UK and northern Europe, has outlined his plans for the bank’s British expansion, including selling more structured products.
FNX adds real-time portfolio risk monitoring
Risk technology company FNX has added a real-time ‘treasury blotter’ to measure portfolio risk to its Sierra risk system.
Rothschild enters “under-banked” oil risk sector
Rothschild has entered the oil risk management sector, offering over-the-counter risk management products worldwide across all oil commodities to oil producers, consumers and utilities.
Treasurers ‘extremely concerned’ by IASB rules
The International Group of Treasury Associations (IGTA) says IAS 39 should not be adopted unless two changes related to currency and interest rate hedging are made to the International Accounting Standards Board’s (IASB) rule.
Xenomorph adds pricing models to TimeScape
London-based Xenomorph has integrated pricing models for more than 150 asset classes into TimeScape, its four-month-old enterprise data management and analysis suite.
Mark-it signs up 16 credit derivatives houses
UK credit data company Mark-it Partners said today that it has signed up 16 of the largest credit derivatives houses to use its credit reference entity database, Red.
JP Morgan Chase and Morgan Stanley launch Trac-x Australia
JP Morgan Chase and Morgan Stanley launched the Trac-x Australia index today, the latest addition to the Trac-x global suite of credit default swap indexes created by both firms.
CME to list European weather contracts; jettisons weatherXchange plan
The Chicago Mercantile exchange (CME) will begin to offer European weather derivatives, referenced on five cities’ temperatures, from October 3.
Volkswagen steps up currency hedging
European car manufacturer Volkswagen (VW) has increased its use of foreign exchange hedging, after seeing its profits in the first half sink by 55% year-on-year, in part due to the strength of the euro.
Interest rate products dominate OTC derivatives growth in H1
The over-the-counter vanilla interest rate derivatives market grew 24% in the first six months of the year, to $123.90 trillion in notional outstanding, according to the International Swaps and Derivatives Association.
Isda and Fix join forces
The International Swaps and Derivatives Association and messaging service provider Fix Protocol have formed a joint working group to share information on the development of their respective FpML and Fix messaging standards.
DrKW establishes equity derivatives prop trading desk
Dresdner Kleinwort Wasserstein (DrKW) has made several appointments to a new proprietary trading desk within its equity products group.