News
GFI extends ForexMatch into Asian and African currencies
The interdealer broker is expanding the footprint of its forex derivatives platform by adding Asian and African currency pairs
Adoboli defence claims other traders not investigated by UBS
Internal enquiries did not focus on other UBS traders, Adoboli’s defence claims
Quant Congress Europe: Collateral choice will cause price fragmentation, says Piterbarg
Ability to choose eligible collateral within CSAs means unique prices for the most vanilla derivatives could become a thing of the past, says Vladimir Piterbarg
Solvency II: Lack of co-ordination on internal model approval, says Buecheler
European supervisors are taking different approaches to the Solvency II internal model approval process, says head of Solvency II project for Allianz
Time running out for buy-side clearing docs negotiation, dealers warn
Buy-side firms need to begin negotiating OTC clearing documentation now or risk being forced to adopt one-size-fits-all standard templates
Adoboli defence: fellow UBS trader conducted ‘false accounting’
UBS cash equities trader took part in "false accounting", says Adoboli's defence
Trading positions: October 2012
Trading positions: October 2012
Banks struggle to build FX as liquidity slows
Falling levels of forex activity, particularly among institutional clients, have made it difficult for banks – particularly the newer entrants – to beef up their forex businesses,
Stay cautious about business with Burma, banks warned
Sanctions have been lifted, but Burma is still high-risk
Covered call ETFs bridging the gap between ETFs and structured strategies
Exchange-traded funds that buy call options on the underlying stocks are attracting big inflows in North America
Bernardino calls for firm timetable for implementation of Solvency II
Eiopa chair warns "stagnant" Omnibus II negotiations threaten Solvency II timetable
FSA flexing its muscles with RDR letter, observers say
A "Dear CEO" letter from the FSA on RDR is seen as a harbinger of its new interventionist stance
Edhec-Risk Institute warns of alternative index drawdowns
Edhec is reminding investors that alternative indexes can have significant drawdowns
Energy Risk Europe: Indexes won’t be included in MAD, say panellists
Energy indexes may not be included in EU market abuse rules, but remain likely to be hit by further scrutiny
People: New roles for Amrolia and Rodgers in Deutsche reshuffle
Markets group at Deutsche gets new cross-asset electronic trading unit, led by Zar Amrolia; Knight Capital responds to rogue algo loss by naming new CRO; listed derivatives co-head leaves Morgan Stanley; Nomura loses Fares, names Downey sole head of…
Ivan Ritossa to leave Barclays
Barclays' global head of foreign exchange of more than 10 years will leave the bank at the end of this year as part of a major reorganisation
Firms already circumventing RDR commission ban, warns FSA
Financial Services Authority letter outlines ways in which banks and distributors are going against the spirit of the RDR
Adoboli trial: third UBS ETF trader denies involvement
A third trader on Adoboli's ETF desk denies involvement in fraudulent activities
G-Sibs facing ‘a tall order’ in meeting 2016 data deadline, UK regulator warns
The FSA’s Gerald Sampson says large, complex banks may struggle to meet a 2016 deadline for risk data aggregation and reporting standards
SGX proposes to drop clearing member minimum share capital from S$1bn to S$50m
First Asian exchange to offer client clearing looking to dramatically alter the terms to become an OTC client clearing member
Index roundup
Index roundup
ETF roundup
ETF roundup
Energy Risk Europe 2012: Oil price “much lower” in 10 years – Credit Suisse
A slowdown in Chinese oil demand growth coupled with increasing supply will mean oil prices will be much lower in 10 years, forecasts Ric Deverell, head of commodities research at Credit Suisse
Position limits rejection lifts compliance burden
Rejection of Commodity Futures Trading Commission rule brings short-term relief and longer-term uncertainty, say consultants