News
CBOT steps up war with Eurex
The Chicago Board of Trade (CBOT) will launch three electronically traded German debt futures contracts in what appears an escalation in the exchange’s war with European rival Eurex. It has also reduced transaction fees for its customers that…
FNX debuts module for structured bonds
FNX is taking its first step towards providing a centralised risk backbone for trading desks, with the release of a module that governs structured bonds and emerging market debt. The module will be offered as an add-on for FNX’s flagship Sierra system.
More banks putting capital into research
ABN Amro and Barclays Capital are among the increasing number of banks putting money on their trade recommendations for foreign exchange, reports Risknews’s sister publication FX Week . Both have allocated money to start trading on model portfolios this…
SG bolsters European credit business
SG, the investment banking arm of French bank Société Générale, has appointed Michel Granchi as director of credit sales. He will be responsible for developing the bank’s hedge fund business.
CAI & CL chiefs share top posts
Crédit Agricole Indosuez (CAI) and Crédit Lyonnais (CL) executives will share the management of foreign exchange after the two banks’ merger on April 30, reports Risknews ' sister publication FX Week .
NAB CEO resigns after forex options scandal
National Australia Bank chief executive Frank Cicutto has resigned following a foreign exchange options trading scandal that has cost the bank A$360 million ($274.5 million). He has been replaced by John Stewart, executive director of NAB’s UK business…
Nikkei 225 futures to list on Globex and CME-SGX trading link
The Singapore Exchange’s (SGX) yen-denominated Nikkei 225 futures contracts will be traded on the Chicago Mercantile Exchange’s Globex electronic trading platform, as well as on the two exchanges’ Mutual Offset trading link, as of February 23.
Icap to boost its global futures business
London-based inter-dealer broker Icap is planning to build a market-leading interest rate futures operation within the next two years.
BoA wins $17.85m weather derivatives lawsuit
Diamond State Insurance, a unit of Cayman Islands-domiciled United National Group (UNG), has agreed to pay Bank of America (BoA) $17.85 million to settle its claims over a series of weather derivatives policies written through the now defunct Customized…
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