Foreign exchange
Deutsche leads Risk survey again
Deutsche Bank has beaten JP Morgan into second place for the second year running in Risk’s annual interdealer survey.
EECM and Coastal Partners launch offshore energy fund
New York-based Energy & Environment Capital Management (EECM) and Coastal Partners of the Bahamas will together launch an offshore version of the Energy & Environment Fund.
SGX AsiaClear to offer clearing on partials
The Singapore Exchange (SGX) has announced that SGX AsiaClear will offer the clearing of OTC balance-of-month fuel oil 180cst and 380cst swaps from September 4.
Natsource in billion dollar green house gas transaction
Carbon asset manager Natsource has announced that two of its entities will participate in a billion dollar green house gas (GHG) transaction.
Nord Pool Spot opens Elbas for cross-border trading
Nord Pool Spot, which runs Elbas, the first intra-day trading system in Europe, is to extend it to cover the German bidding area “Kontek” on September 25.
Icap wins interdealer broker survey
The London-based interdealer broker Icap has come top of Risk’s 2006 broker survey.
BIS says derivatives trading remains buoyant
Growth in international derivatives trading on exchanges stabilised in the second quarter with an increase of 13% between April and June, following a surge of 24% in the previous quarter, according to the latest Bank for International Settlements (BIS)…
Bear Stearns expands precious metals team
Bear Stearns has expanded its precious metals group. It is offering over-the-counter forwards, options, swaps and structured products, as well as spot trades, in London, New York and Hong Kong.
In Brief: BIS publishes quarterly review
The Bank for International Settlements (BIS) has released its quarterly review.
Climate Change Capital creates world's largest private carbon fund
Climate Change Capital (CCC), a UK-based investment bank that focuses on investment in clean energy and a low carbon economy, announced this morning that it has created the world's largest private sector carbon fund.
GFI to acquire most of Amerex in US
GFI, the New York-based interdealer broker, has announced it will acquire the bulk of Amerex Energy’s North American operations. The deal, worth $86 million, is due to be completed before the end of October.
State bank supervisors had demanded the standardised approach
The standardised approach was being requested by industry and state regulators long before four of the biggest banks went to Congress requesting its inclusion in the NPR.
B ü rgenstock 2006: Regulators 'out of touch' on Mifid
Many European regulators and firms are still not ready for the effects of the Markets in Financial Instruments Directive (Mifid), warned delegates attending the Swiss Futures & Options Assocation annual conference in Burgenstock, Switzerland, today…
FDIC to seek comments for standardised approach
The FDIC has bowed to industry pressure to include the standardised approach in the NPR, despite the Fed’s insistence that AMA is vital to safeguarding the financial system.
Mifid Level II measures published in the Official Journal
The level II measures to implement the Markets in Financial Instruments (Mifid) directive have been published in the European Commission’s Official Journal.
Exclusive: Read Letters and between Federal Reserve and US banking industry
BaselAlert has gathered a series of letters to the Fed and notes from the meetings between the Fed and industry regarding the Notice of Proposed Rulemaking for Basel II in the US.
US banks hostile to NPR in Fed meetings
Minutes written by Federal Reserve officials and letters written by trade associations highlight the strong differences of opinion over the shape of Basel II implementation in the US - especially over home-host issues.
Markit continues acquisition spree
Markit has acquired Netherlands-based MarketXS, a provider of software and technology for data distribution and trading solutions to the financial services industry.
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