News
Laughlin moves to head RBS Asian real estate
Morgan Laughlin has moved from Deutsche Bank to the Royal Bank of Scotland, where he will act as head of real estate finance for the Asia Pacific region.
Algo trading to double, says Eurex
"The rise in activity of algorithmic traders is impressive, and it’s changing the nature of electronic trading,” said Andreas Preuss, chief executive of Eurex, a Frankfurt-based futures and options exchange that is jointly operated by Deutsche Börse and…
NASD and NYSE to merge self-regulatory operations
The two US private-sector securities dealers are to merge, bringing the entire securities industry under the oversight of one body.
Dura auction breaks new ground
The bankruptcy of yet another US auto parts manufacturer, Dura Operating Corp, has led to another first for the settlement of credit derivatives trades.
Clearing houses may face greater competition
David Hardy, former chief executive of London-based clearing house LCH.Clearnet, warned that clearing houses may face greater competition if they don’t lower fees and provide more services. Speaking to RiskNews at the Futures and Options Expo in Chicago,…
ISE publishes rates for FX options launch
The International Securities Exchange (ISE), a New York-based electronic equity options exchange, has began publishing the underlying rates for foreign currency options product, ISE FX options.
GFI appoints new head of credit indexes
New York-based interdealer broker GFI Group has appointed Wayne Margolies as head of credit indexes for North America.
ICG acquires 15% of newly created Creditex Group
Pennsylvania-based Internet Capital Group (ICG) has taken a 15% stake in Creditex Group, just days after it was formed from London-based interdealer broker CreditTrade and New York-based credit derivatives trading platform Creditex.
Calyon hires former SG veteran Raphael Blot
Raphael Blot, formerly head of equity derivatives sales for Asia ex-Japan at Société Générale, has joined Calyon Corporate and Investment Bank as regional head of equity and fund derivatives marketing and sales for Asia-Pacific, including Japan.
Emirates joins jet fuel futures working group
Dubai-based airline Emirates has joined the working group set up by the Dubai Mercantile Exchange (DME) and ENOC Supply & Trading to explore the development of the first physically delivered jet fuel futures contract.
UBS hires Liverance
UBS has announced the appointment of Eric Liverance as executive director and head of US rate derivatives strategy.