News
CME offers CBOT shareholders “best and final offer”
The Chicago Mercantile Exchange (CME) has upped its bid for cross-town competitor the Chicago Board of Trade (CBOT) for the third and “final” time, ahead of a shareholder vote on July 9.
Cbot voters may shun CME bid
Pressure is being placed on the Chicago Mercantile Exchange (CME) to raise its bid for the Chicago Board of Trade (Cbot) ahead of a crucial vote by both sets of shareholders on Monday.
Diamond derivatives draw concern after Antwerp talks
Worries have been raised in the diamond industry about plans aimed at creating a derivatives market in the gems, which were aired in Antwerp last week.
Barclays Wealth hires India head
Barclays Wealth, the private banking unit of Barclays Bank, has hired Satya Narayan Bansal as its first head of private banking in Mumbai.
Lloyds TSB makes institutional derivatives sales hires
Lloyds TSB has recruited Peter McGloughlin and Ian Shaw to its team selling derivatives to financial institutions.
Lloyds TSB appoints new leveraged syndications head
David Whiteley has been hired to manage Lloyds TSB’s newly formed leveraged loan syndication team.
United Capital moves to halt investor exodus
United Capital Asset Management, the Florida-based fund manager, has suspended redemptions from four of its funds in reaction to a spike in redemption requests.
FSA criticises subprime industry
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European Commission threatens EU member states behind on Mifid
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CESR out with long-awaited Liquid List
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Regulators issue final subprime statement
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Physical delivery hits 4000 mark on DME Oman contract
The Dubai Mercantile Exchange (DME) has revealed key statistics following the first full month of trading at the exchange. 4000 Oman crude oil futures contracts went for physical delivery in August, a figure that has, according to the DME, only been…
Taiwan Futures Exchange names new chairman
Andy Yeh today became the new chairman of Taiwan Futures Exchange (Taifex), replacing Rong-I Wu, who is now chairman of Taiwan Stock Exchange Corporation.
Derivative Fitch appoints global CDO risk modelling head
Damiano Brigo has been hired by London and New York-based rating agency Derivative Fitch, as head of global collateralised debt obligation (CDO) risk modelling.
Imarex trades record $3.4 billion in second quarter
Second-quarter trading on Norwegian freight derivatives exchange Imarex reached a record $3.4 billion in notional values - up 32% on the first quarter of the year.
SGAM AI plans launch of S&P-linked sharia-compliant index funds
SGAM Alternative Investments (SGAM AI) plans to launch a series of sharia-compliant index funds linked to Standard & Poor’s (S&P) sharia indexes by the end of August.
Bear Stearns ramping up risk controls
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FSA wants principles-based insurance regulation
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Swiss central bank chair rejects regulation of hedge funds
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