News
Citi hires oil trader in Singapore
Citi hired Craig Smyth in early September as an oil trader in Singapore, taking the US bank's commodities headcount in Asia to 14.
Dealers gain licences to trade HK property derivatives
Five dealers have secured licences to trade residential property derivatives based on the University of Hong Kong real estate index series (HKU-REIS). The firms – Deutsche Bank, Goldman Sachs, Lehman Brothers, Merrill Lynch and Morgan Stanley - join ABN…
RBC Capital Markets appoints research heads
RBC Capital Markets has hired Russell Jones as head of fixed income and currencies global research.
Online crime up 32%, says report
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Carbon-trading log ready by November
The Kyoto Protocol’s international carbon-trading market is set for expansion, with the introduction of a worldwide transaction log by the end of the year. The International Transaction Log (ITL) will link the carbon registries for each Kyoto nation…
BNP rejigs global debt syndicate teams
BNP Paribas has made changes to its New York and London debt syndicate teams.
Crisis prompts calls for more EU rules
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Ortner arrives at BarCap
William Ortner has joined Barclays Capital as New York-based head of equity product origination for the Americas. He will lead the firm’s equity-linked financing and corporate equity derivatives divisions and report to Craig Orchant, head of corporate…
SocGen creates new regional e-commerce role
Société Générale has added to its fixed-income, currencies and commodities e-commerce team, hiring a new regional head.
Weather derivatives help fulfil Millennium Promise
Reinsurer Swiss Re has structured a weather derivatives deal to help lessen the effects of drought on African farmers for the Millennium Promise Alliance (MPA), a charity that aims to end extreme poverty worldwide by 2025.
Olson and Goldshmidt join RBC in emerging markets
RBC Capital Markets has appointed Eric Olson and Ron Goldshmidt in emerging markets trading.
BNP Paribas appoints senior prop trader
BNP Paribas has appointed Edmund Shing as senior proprietary trader within its equities and derivatives business. Shing will run a sector-based proprietary book and will be based in Paris.
Climate Change Capital closes €200 million private equity fund
Climate Change Capital (CCC), an investment banking group dedicated to clean energy investments, has closed its private equity fund at €200 million.
CME to offer clearing for ethanol basis swaps
Chicago Mercantile Exchange (CME) will offer clearing for over-the-counter (OTC) ethanol basis swaps from October 5. The service will offer centralised clearing, including daily mark-to-market margining and reduced counterparty risk, to the biofuels and…
TXU shareholders agree to $45 billion buyout
TXU shareholders have approved a merger agreement with Texas Energy Future Holdings Limited Partnership (TEF), which was formed by a group of investors led by private equity firms Kohlberg Kravis Roberts and Texas Pacific Group.
CBOE and Taifex sign MOU
The Chicago Board Options Exchange (CBOE) and the Taiwan Futures Exchange (Taifex) signed a memorandum of understanding (MOU) on September 6 on the sharing of information for the development of options and other derivatives products.
Subprime: Algo First database extols enterprise risk management
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Apra wants firms’ op risk loss data
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Spike in equity volatility causes pain
A spike in equity volatility last month has caused anxiety among equity derivatives dealers, many of which were short volatility, and raised fears that a prolonged increase could generate hefty mark-to-market losses in equity derivatives trading books.
Lloyds TSB makes more derivatives hires
Lloyds TSB has added four senior staff to its London derivatives team.