News
Tradition names first chief operating officer
David Pinchin, founder and chairman of Tradition Financial Services (TFS), the Swiss interdealer broker, has been named as chief operating officer of its parent company, Compagnie Financière Tradition.
Creditex and T-Zero align with TSI
New York-based electronic brokerage Creditex has acquired a minority interest in New York-based syndicated loan settlement platform TSI.
CME wins CBOT's heart with increased bid
The Chicago Mercantile Exchange (CME) has increased its bid for the Chicago Board of Trade (CBOT), as it faces a rival takeover attempt from the Intercontinental Exchange (Ice).
BNP hires European structurers
BNP Paribas has hired four fixed-income and foreign exchange specialists for its London-based structured products team.
Bear Stearns names European prime brokerage sales head
Bear Stearns has appointed James Shekerdemian as head of sales for prime brokerage in Europe.
Uncertainty mounts as Optionable falls
Aa bleak week for Optionable Inc, the New York-based energy brokerage behind the Bank of Montreal’s gas trading losses, has continued to get worse. Uncertainty is now growing over the brokerage's relationship with the New York Mercantile Exchange (Nymex).
CME bolsters bid for CBOT by 16%
The Chicago Mercantile Exchange (CME) has increased its offer for local counterpart CBOT Holdings, owner of the Chicago Board of Trade.
Banks write off billions in stolen funds every year, claims fraud expert
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Identity fraud is decreasing in the US
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Broker suffers after BMO commodity losses
US commodity derivatives broker Optionable saw its shares plummet again today after Bank of Montreal, its most important customer, said it would suspend their relationship.
Barbakadze joins F&C as head of structured credit
Teimuraz Barbakadze has joined F&C in London as head of structured credit.
Reputational risk key for GCC executives
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Nymex launches electronically traded options on energy and base metal contracts
The New York Mercantile Exchange (Nymex) will list options on crude oil, natural gas, gold and silver on the Chicago Mercantile Exchange’s (CME) Globex electronic trading platform, beginning on June 24 for a trade date of June 25.
Lehman Brothers buys Eagle Energy
Lehman Brothers, the global investment bank, has announced that it will buy the remaining two thirds of energy marketing and services company Eagle Energy Partners for an undisclosed fee.
Asian Development Bank launches carbon fund
The Asian Development Bank (ADB) has launched a fund to provide capital to buy carbon credits at the outset of clean energy projects, after commitments from participants exceeded the $80 million needed for launch.
BNP expands commodity derivatives
BNP Paribas has hired Jose Cogolludo as head of commodity derivatives sales and marketing, the first move in an expansion of its commodity team.