News
Italian companies focus on derivatives
New Angles
Algorithmics to add administration capabilities to credit risk tool
Toronto-based Algorithmics has created a new credit administration system, aimed at streamlining management of all operational aspects of the process, including credit approval collateralisation.
ING hires Asian equity derivatives traders
ING Financial Markets has hired two equity derivatives traders, Jean-Guy Renard and Martin Wevers, for its Hong Kong office.
Sears sued over debt
news
Jarrow tackles mortgage market
New Angles
Primus to tap equity market
New Angles
Job moves
People
New players tap Asian credit
New angles
Collins Stewart Tullett moves for Prebon
Collins Stewart Tullett is on the verge of buying inter-dealer broker Prebon Yamane for a reported £130 million.
CGE Power falls as banks demand cash
CGE Power, the bank consortium formed to acquire distressed UK power assets, has withdrawn offers totalling around £3 billion on 12 plants and ceased trading after proposals to acquire two key power plants were rejected by lenders, according to a…
Shanghai Futures Exchange signs MoU with LME
The Shanghai Futures Exchange (SHFE) signed a memorandum of understanding with the London Metal Exchange (LME) today.
Top Singapore dealers sign up for SuperDerivatives’ SD-FX
Ten financial institutions in Singapore have signed up to SD-FX, the FX options pricing system of UK-based technology company SuperDerivatives.
CEBS issues outsourcing consultation paper
The Committee of European Banking Regulators (CEBS) published a paper in late April outlining high-level principles on outsourcing.
Reliant derivatives probe may hit core business
Public Citizen, the Washington, DC-based pressure group, has called for the debarment of Reliant Energy from its newly awarded $35.9 million electricity contract by the US Department of Defense - and any new government contracts - while it is under…
KWI hires SVP of operations
KWI, the London-based provider of trading and risk management software for the energy industry, today announced the appointment of Alan Somerville as senior vice president (SVP) of operations.
Pressure group calls for debarment of Reliant’s US Dept of Defense contracts
Public Citizen, the Washington DC-based pressure group, has called for the debarment of Reliant Energy from its newly awarded $35.9 million electricity contract by the US Department of Defense while it is under federal indictment for its role in creating…
BaFin approves ABN Amro SVP funded by structured debt
BaFin, the German financial markets regulator, has cleared a new product allowing financial institutions to sell assets into German special-purpose vehicles (SVP) funded by asset-backed securities without needing a banking licence.
NumeriX hires BGM co-creator
NumeriX, the cross-asset derivatives pricing software vendor based in New York, has hired Dariusz Gatarek as director of quantitative research in its London office.
AIG to form cross-border op risk sub-group
The Basel Committee on Banking Supervision's Accord Implementation Group (AIG) will shortly form a sub-group to focus on cross-border op risk issues, according to several regulatory sources. Regulators and the industry are pressing for a greater role in…