Foreign exchange
EU sues 24 member states over trading rules
McCreevy cracks the whip on EU states that have missed the Mifid transposition deadline.
ULLINK to provide SEB best execution solution
ULLINK has smart solution to best execution demands
Nuon goes live with Xenon platform
Dutch utility Nuon has rationalised all its trading and risk management on single platform by adopting Sakonnet’s Xenon software.
Bank of Montreal reports heavy commodity trading losses
BMO Financial Group, formerly the Bank of Montreal, said today that it has incurred second-quarter mark-to-market commodity trading losses estimated at between C$350 million ($313 million) and C$450 million ($403 million), pre-tax.
Network Rail begins inflation-linked debt push
UK rail operator Network Rail is issuing a 30-year index-linked bond - the first in a series that could total more than £6 billion.
Bank of England warns of liquidity and credit risk problems
In its latest Financial Stability Report, released yesterday, the Bank of England said the UK financial system was still healthy, but warned that advances in financial engineering were exposing the system to the risk of a sudden decline in credit quality…
RBS hires in structured credit for Nordics
The Royal Bank of Scotland (RBS) has hired Soren Hyldgaard as head of debt markets financial institutions sales for the Nordic region. Soren will report to Al Sinsheimer, head of debt markets financial institutions sales.
JP Morgan and Diapason launch new commodities index
JP Morgan and commodity asset management firm Diapason Commodities Management have launched the Diapason Commodity Rotator. The index is available as either an excess return or a total cash return index, allowing investors to take advantage of…
JP Morgan adds manager to quantitative strategy
JP Morgan has launched a new synthetic quantitative strategy that gives investors exposure to the cyclicality and momentum in the commodity markets. However, in a twist to those structured products whose payouts are dependent on rules-based, quantitative…
European Parliament approves PSD
PSD approved, SEPA on track
Derivative Fitch outlines views on collateralised FX obligations
Derivative Fitch has published its considerations for analysing and rating collateralised foreign exchange obligations (CFXOs). The CFXO report, the first to be published by a rating agency, details the structure of the product, the principal risks and…
Fitch: fewer downgrades for European managed synthetics
European managed synthetic collateralised debt obligations (CDO) tranches have historically suffered fewer downgrades than their static counterparts, according to data produced by rating agency Derivative Fitch.
China has top growth potential for Asian wealth, says BarCap
China is viewed as having the highest growth potential of any wealth management market in Asia during the next two years, followed by India, according to Barclays Capital’s annual industry survey, published on April 23. And many high net worth…
UBS launches Global Warming Index
UBS Investment Bank has launched the UBS Global Warming Index (UBS-GWI). The UBS-GWI is a tradable benchmark for global investments in the weather derivatives market. It is constructed using liquid, actively traded Heating Degree Day (HDD) and Cooling…
FSA sets out the future of principles-based regulation
FSA out with paper setting out its current thinking on its move towards a more-principles-based regulatory regime.
Coral to acquire Avista
Coral Energy, a subsidiary of Shell Trading, has agreed to acquire all operating assets of Avista Energy, the energy marketing and trading subsidiary of Avista Corporation.
Italians win Yukos auction – for Gazprom
EniNeftegaz , a Russian joint-venture between Italian companies Eni (with a 60% stake) and Enel (with a 40% stake) is the second winner in a round of auctions selling off the assets of Russian oil giant Yukos.
China has top growth potential for Asian wealth, says BarCap
China is viewed as having the highest growth potential of any wealth management market in Asia during the next two years, followed by India, according to Barclays Capital’s annual industry survey, published on April 23.