Foreign exchange
Calyon Financial and Fimat to merge
Investment banks Société Générale and Calyon have agreed to merge the brokerage activities currently carried out by their respective subsidiaries, Fimat and Calyon Financial.
SocGen and Calyon agree to merge derivatives brokerages
Société Générale and Calyon have signed an agreement to merge their futures and options brokerages, Fimat and Calyon Financial.
US Futures Exchange to launch weekly binary options
The Chicago-based US Futures Exchange (USFE) will offer weekly binary options, each with nine or more strikes, to let investors take positions on the performance of five assets - crude oil, gasoline, gold, silver and the euro. The contracts are valued at…
S&P launches US commercial real estate index
Standard & Poor's and the California real estate and investment research group GRA have launched the S&P/GRA commercial real estate index (SPCREX), which, unlike other US indexes, will be based on closed commercial transactions only.
Arc developing new Bull & Bear Plan
UK-based distributor Arc Capital and Income is currently developing a third version of the Bull & Bear product range.
S&P launches investable index for frontier equity markets
S&P has launched the S&P/IFCG Extended Frontier 150 Index, a fully investable index for frontier equity markets.
Credit Suisse adds Assoun
Yan Assoun is joining Credit Suisse as a managing director and head of European Equity Derivatives trading, reporting to Simon Yates, head of global equity derivatives and co-head of European Equities. Assoun will join the bank on November 5 and will be…
Terrorism Risk Insurance Act extended for 15 years
Daily news headlines
APRA outlines Basel II market risk proposals
Daily news headlines
Nymex property sale report stokes merger rumours
Speculation that the New York Mercantile Exchange (Nymex) is undergoing merger negotiations with NYSE Euronext has grown following a report that the exchange is looking to sell its lower Manhattan headquarters.
IFAs shy away from hedge fund and commodity underlyings
More than half of independent financial advisors (IFAs) recommend structured products linked to property markets but only a minority consider products tied to hedge funds or commodities, according to research from Barclays Wealth.
Algorithmics highlights the most influential op risk events of the past 15 years
Daily news headlines
UBS Launches Algorithmic Strategy System for Commodities
UBS has launched an algorithmic strategy system dubbed UBS Commodities Portfolio Algorithmic Strategy System (Comm-PASS), an index which exploits momentum in the commodity markets to generate returns through automated long and short strategies.
BGI launches property ETF
Barclays Global Investors (BGI) has launched the iShares S&P World ex-US Property Index Fund ETF on the New York Stock Exchange.
White House pushes for futures fees
The Bush administration has asked the US House of Representatives to approve a proposed transaction fee on futures and options contracts.
ETF Securities launches six new oil ETCs
ETF Securities (ETFS) has launched six new oil Exchange Traded Commodities (ETCs) on the London Stock Exchange (LSE), offering direct exposure to one, two and three-year oil futures prices in Brent and WTI oil benchmarks.
Diederich leaves Credit Suisse for hedge fund
Stephane Diederich will join hedge fund manager Brevan Howard on September 19, after 13 years at Credit Suisse, which he leaves as managing director, head of equity derivatives product management. Diedrich joins Brevan Howard as a partner tasked with…
BarCap offers structured deposit account
Barclays Capital has launched a structured deposit account, offering investors exposure to global equities, global hedge funds, European property and global commodities. The product offers 100% capital guarantee with a minimum return and uncapped…
Australia publishes Basel II market risk approaches
The Australian Prudential Regulation Authority (APRA) has decided on its approach to the treatment of market risk under Basel II.
BIS publishes paper on China’s capital controls
The Bank for International Settlements’(BIS) paper argues that China’s capital controls remain substantially binding.
Court of appeals rules in favor of Ice in Nymex litigation
The United States Court of Appeals for the Second Circuit has ruled in favour of IntercontinentalExchange in its long-running litigation with the New York Mercantile Exchange (Nymex) over the right of market participants to use Nymex settlement prices.
Barcap increases commodities appetite
Investment bank Barclays Capital has sharply increased its appetite for risk-taking in the first half of 2007, with all the new risk being taken in the commodities segment, according to Barcap reports.
Australia revises Basel II standardised approaches
Daily news headlines
Where change equals opportunity
Flux is a good thing if you know what to do with it. In changing markets that produce evolving opportunities, some of the hedge fund managers at Threadneedle Investments sat down in London recently, to discuss the challenges and opportunities the markets…