News
Trade bodies draft structured product guidelines
Five major trade bodies have teamed up to offer a 10-step guide on the types of principles structured product providers and distributors should consider when offering these instruments to retail investors, including high net worth individuals.
BBVA poaches Isla from BarCap
BBVA has hired Lorenzo Isla from Barclays Capital as head of credit derivatives structuring. Isla will be based in Madrid. He joined from Barclays Capital in London, where he was head of structured credit strategy.
Scott Prince joins SkyBridge Capital
Scott Prince, Goldman Sachs’ former head of equity derivatives, has moved to New York-based firm SkyBridge Capital.
Fitch adds to European structured finance emerging markets
Fitch Ratings has appointed Jaime Sanz as a senior director to lead its London-based European structured finance emerging markets team.
JP Morgan designs emerging-market forex carry index
JP Morgan has created an index that seeks to exploit the carry trade in emerging-market currencies.
Twenty years of history recognised at Risk Awards
The Risk 20 Awards, presented in London last night, rewarded the pioneers of the derivatives industry, as well as the companies that dominate the industry today.
ICICI signs up to Markit for CDS price data
ICICI Bank, India’s second largest bank with assets of more than $79 billion, has signed up to Markit’s credit default swap (CDS) pricing service.
Imagine Software snares another Asia fund
Sandringham Capital, a Sydney-based long/short fund that uses derivatives, will use software provided by New York vendor Imagine Software for its portfolio and risk management requirements.
ICE completes ChemConnect acquisition
Electronic energy marketplace and soft commodity exchange IntercontinentalExchange (ICE) has closed on its acquisition of ChemConnect Incorporated’s commodity trading business.
OTC energy derivatives regulations to tighten
US regulators could be one step closer to achieving their aim of closing the ‘Enron loophole’ that exempts electronic energy exchanges such as the Atlanta-based Intercontinental exchange (ICE) from regulatory oversight.
CME seals deal with CBOT
The Chicago Mercantile Exchange finally closed its merger with the Chicago Board of Trade yesterday, after a bidding war with the Atlanta-based Intercontinental Exchange.
Sempra Energy to partner with Royal Bank of Scotland
Sempra Energy today announced that it will form a joint venture with the Royal Bank of Scotland (RBS) to significantly expand Sempra Energy’s commodity-marketing business.
Nymex calls for full ICE regulation
The New York Mercantile Exchange (Nymex) has called for full regulation of its Atlanta-based rival IntercontinentalExchange (ICE) following a federal report which said that the current jurisdiction of federal regulators is not wide-ranging enough.
Dry freight forward volumes rise sharply
The latest figures issued by the Forward Freight Agreement Brokers Association (FFABA), compiled by the maritime information provider Baltic Exchange, show a 32% jump in dry FFA volumes from the first to second quarter of 2007.
Cbot says yes to CME
Chicago Board of Trade (Cbot) chairman Charles Carey says that shareholders have voted “overwhelmingly” in favour of a merger with the Chicago Mercantile Exchange (CME), paving the way for the creation of the world’s largest derivatives exchange.
Fitch Ratings releases special report on Basel IA
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