Banks now have greater freedom to participate in derivatives markets based on physical commodities thanks to two recent ruling by US regulators. As a result, the balance of power looks set to shift from Houston to New York. By Paul Lyon
Many arbitrage techniques currently used by hedge fund managers will move into the long fund community, according to Leigh Baxandall, global head of equity derivatives strategy at Deutsche Bank in London.
Bear Stearns has hired Raymond Wong as a senior managing director and head of fixed-income trading for Asia and Japan.
Deutsche Bank has hired Richard Ng as vice-president and commodities marketer for the bank’s global markets business unit in Singapore.
The Basel Committee's third consultative paper contained few surprises. Regulators are nowfocusing on implementation, despite banks' major concerns about the treatment of riskmitigation techniques.
Damien Hatfield, head of hedge funds at Australia’s Colonial First State, one of the country’s leading investment managers, has left the firm to set up a joint venture company.
In the latest example of a growing industry trend, Deutsche Bank has set up a new proprietary trading unit, to be run by Stephen Blyth, which will specialise in interest rates' relative value and arbitrage. Europe is currently believed to be particularly...
BNP Paribas, Bear Stearns, Credit Suisse First Boston, Goldman Sachs and UBS Warburg are the latest dealers to sign up to a new global credit default swap (CDS) matching service, which the Depository Trust & Clearing Corporation (DTCC) plans to launch...
French banking group BNP Paribas has hired Pierre Katerdjian to join its credit and rates marketing group in Australia. Katerdjian, who joins from Deutsche Bank where he traded Australian credit derivatives, will start on June 2.
German mortgage bank Eurohypo has bought Paris-based Fermat’s risk management suite for regulatory risk, credit risk and asset and liability management.
JP Morgan Chase has snatched Kelvin Wong from Deutsche Bank, appointing him as a managing director in the credit and rates business and head of credit sales in Asia ex-Japan.
The first survey of Italian derivatives dealers conducted by Risk Italia , the Italian language edition of Risk , found that international banks have a stronghold in the Italian derivatives market. But the results were also encouraging for Italian banks,...
Deutsche Bank has hired Denis McCarthy as director and head of institutional sales, Asia, for its global equity derivatives business.
Increased levels of intra-day volatility in the US interest rate derivatives market could make traditional approaches to estimating volatility unreliable, according to research by Deutsche Bank.
JP Morgan Chase, Deutsche Bank and Morgan Stanley have signed up for a new global credit default swap (CDS) matching service that the Depository Trust & Clearing Corporation (DTCC) plans to launch in June.
The delayed first run of TriOptima’s swap tear-up service, TriReduce, eliminated 7,880 euro-denominated interest rate swaps with a notional value of €420 billion – or about a fifth of the notional value of the credit derivatives market.
Despite the end of large scale hostilities in Iraq, continuing political uncertainty in the wake of the war is likely to cause increased intra-day US interest rates volatility in the short term, according to research by Deutsche Bank.
Deutsche Bank has hired Linda Fok as director and head of local corporate relationships in its global banking division in Hong Kong.
Banks are readying contingency plans for FX trading in Hong Kong, as a potentially fatal pneumonia virus grips the trading centre.
Deutsche Bank has hired Nicholas Letica as head of agency collateralised mortgage obligation (CMO) trading.
Barclays Capital has hired Chico Khan-Gandapur as a London-based managing director within its European rates sales team. Gandapur will start work in the newly created role within the next few months, a BarCap spokeswoman said.
Deutsche Bank has hired Raj Dhown, who previously sold structured interest rate and credit derivatives products at JP Morgan Chase, as head of UK, Scandinavia, Holland and Ireland fixed-income, cash and derivatives marketing.
In a post-Rusnak era, operational risk management is a high priority. Could the Financial Information eXchange messaging standard provide a safety net?
Market consolidation and a reliance on electronic trading in the foreign exchange markets could lead to an over-concentration of risk and liquidity among too few market participants, the European Central Bank has warned.