Foreign exchange
Austin Energy uses World Energy Exchange for electricity purchase
Austin Energy, a community-owned electric utility and an Austin, Texas city department, has purchased 664.8 million kilowatt hours of on-call electricity supply using the World Energy Exchange.
S&P predicts harder times ahead for European structured products
European structured products will come under ratings pressure in 2007, but there will be only a limited number of downgrades, according to rating agency Standard & Poor's (S&P).
Fimat and Calyon Financial in merger talks
Société Générale and Calyon have entered into exclusive negotiations regarding a possible merger of their brokerage activities, currently carried out by Fimat and Calyon Financial respectively.
Saxo launches retail algorithmic trading tool
Saxo Bank, the Danish investment bank, will roll out an algorithmic trading product specifically designed for retail clients within the next three months.
JP Morgan to offer interest rate options via Bloomberg
JP Morgan will offer its clients the ability to trade over-the-counter interest rate options on Bloomberg's trading platform.
DWS leases SG equity derivatives platform
DWS, Deutsche Bank's asset management arm, has leased the equity derivatives platform of French investment bank SG CIB. The move is being viewed by many as a blow to Deutsche's equity derivatives business, and a boost for proponents of open architecture…
Hwang-DBS launches structured fund in Malaysia
Malaysian investment manager Hwang-DBS Investment Management Berhad (HDBSIM) has launched the Hwang-DBS Global Banks Structured Fund (GBSF). The two-year unit trust structured product is a closed-ended, capital protected investment linked to the…
DIB launches global diverisified note
Dubai Islamic Bank (DIB) has launched its sharia compliant three-year Capital Protected Global Diversified Note.
LLB and ABN Amro launch sharia certificate
Swiss asset manager Liechtensteinische Landesbank (LLB) and Dutch investment bank ABN Amro have partnered to launch a Middle East index tracker certificate. The sharia-compliant Middle East index tracker is linked to the performance of the LLB Top 20…
The role of the Federal Reserve Board
Chairman Ben Bernanke explains the functions of the Board and upcoming challenges
US regulators outline rules on structured finance
Five US regulatory organisations have issued a statement of principles on dealing with the risks involved in complex structured financial products.
Shanghai interbank rate launched
The Shanghai interbank offered rate (Shibor) was launched today (January 4) to establish a benchmark interest rate system for China’s money market.
US regulators amend asset-size thresholds for small and intermediate banks
US regulators announce the annual adjustment to small bank asset-size thresholds.
Same underlying names dominate CDS trading in December, says GFI
Credit default swaps (CDS) offering protection against debt issued by US auto companies, European telecoms and Asian financial services institutions were again the most actively traded credit derivatives in December.
Calyon launches fund-convertible bond
Calyon has issued €50 million of a new convertible bond based on shares in an equity fund, the first of its kind.
Nybot launches FX futures to support coffee traders
The New York Board of Trade (Nybot) will launch futures in the Colombian peso and Brazilian real next month.
Ucits III: a retail challenge or opportunity?
tete à tete: ucits iii