News
eSpeed licenses futures trading patent to Ice
Technology company eSpeed has licensed its electronic futures trading patent to online energy platform Intercontinental Exchange (Ice). The move will enable Ice to expand its electronic trading platform to cover energy futures and options contracts…
Measurisk chief executive moves to K2
K2 Advisors, the New York-based fund of hedge funds with $1 billion under management, has hired Kelsey Biggers as a managing director of risk management. Biggers was previously chief executive, vice-chairman and co-founder of Measurisk, a New York-based…
Henderson signs with Xenomorph for derivatives support
Henderson Global Investors, a subsidiary of the Australian Mutual Provident Society (AMP), has selected Xenomorph to provide risk management for derivatives support across a range of investment products.
BarCap poised to move NYC trading floor in July
Barclays Capital, the investment banking arm of the UK's Barclays Bank, plans to begin moving to its new trading floor in midtown Manhattan in July, according to Nick Themelis, Barclays Capital's chief information officer for the Americas.
SGX plans a series of Japan derivatives initiatives
The Singapore Exchange (SGX) plans to bolster its focus on Japan with a series of new products due to be launched in the next few months.
Nesbitt Burns raids Commerzbank for US start-up
BMO Nesbitt Burns, the Toronto-based investment banking subsidiary of Bank of Montreal, has expanded its equity derivatives operations into the US market by poaching six of Commerzbank’s equity derivatives team.
CME introduces new forex contracts
The Chicago Mercantile Exchange (CME) said yesterday it will introduce 13 new foreign exchange futures contracts to start trading in the second quarter of this year. The new contracts include 11 non-dollar cross-rates and two dollar-based contracts.
HSBC rolls out Rolfe & Nolan back office system in US
The UK's largest bank, HSBC, has started rolling out derivatives back office technology developed by Rolfe & Nolan (R&N) in New York and Chicago.
Convertible bond decline could impact credit derivatives
Falling valuations in the European convertible bond market during the last few months could lead to a decline in credit default swap values, as convertible investors seek to unwind their hedged positions.
Fannie and Freddie’s hedging rockets in 2001
Fannie Mae and Freddie Mac’s first detailed disclosure of their derivatives positions has revealed a dramatic increase in hedging activity by the two US federal-backed mortgage companies.
Derivatives expert to run BarCap Americas
Barclays Capital, the investment banking division of the UK's Barclays, has named Peter Goettler head of its investment banking division in the Americas.
Citi bankers quit to launch FX hedge fund
Citigroup’s former global head of proprietary trading, Patrick Hall, is launching a new macro hedge fund with partners John Banerjee and former Citi economist Michael Burke.
Op risk is increasing for weak banks, says regulators’ guidance
Operational risk will come into greater focus for banks worldwide and will become more important as a factor in weak banks, global banking regulators said in early April.