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BoA makes London rates hire
Bank of America (BoA) has hired Nicholas Dechosal, former head of derivatives, short-term interest rates and forwards trading at Rabobank Utrecht, in London.
JP Morgan's Daniels Webster to retire
JP Morgan Chase’s global head of market risk and fiduciary risk management, Lesley Daniels Webster, is to retire in February.
TriOptima trims six companies' oil swap portfolios
TriOptima, a Swedish company dedicated to reducing over-the-counter swap portfolios, has expanded its service into energy. The company has terminated its first group of multilateral OTC oil derivative swaps, with six companies eliminating unnecessary…
BNP Paribas reorganises fixed-income business
BNP Paribas is set to reorganise its fixed-income business by splitting its marketing and trading activities. The new set-up replaces a structure where the division was split into three areas: foreign exchange, interest rates and credit.
TriOptima launches oil swap tear-up service
TriOptima, the Stockholm-based financial technology firm specialising in an over-the-counter swap 'tear-up' service, has extended its capabilities to oil swaps.
Private bankers buying more FX-linked structured products
Private bankers are buying an increasing number of structured products linked to currency movements in a bid to provide more attractive yields to their clients.
Collins Stewart merges G-7 currency options desks
Collins Stewart Tullett has merged the Group of Seven currency options desks of its Tullett Liberty and Prebon Yamane subsidiaries in London and Asia.
Wachovia seeks to improve risk data
Wachovia is implementing the AC Plus data management system from Dutch vendor Asset Control within its corporate investment bank to improve risk management.
NAB forex derivatives rejig continues
National Australia Bank (NAB) has continued its rebuilding process by hiring David Hicks as an Australian dollar forwards dealer.
Markit signs up 50th Red customer
Markit has signed its fiftieth customer to its reference entity database (Red) for credit instruments. The move means the St Albans-based company has signed up 35 additional clients to Red from its base of 15 institutions in January 2004.
Ubitrade launches margin risk management tool
Ubitrade, the Paris-based provider of derivatives trading technology acquired by GL Trade in the first quarter of 2004, has released RiskUbix, a new margin risk management module.