News
GFI and CB Richard Ellis group in US real estate derivatives venture
New York-based interdealer broker GFI Group and Houston-based CBRE Melody, the mortgage brokerage subsidiary of CB Richard Ellis Group, have launched a joint venture to develop a market for US real estate derivatives.
Municipality Finance issues Finnish inflation-linked bond
Finland-based public sector credit institution Municipality Finance has launched a Finnish inflation-linked bond.
EU markets are at a historic high, says EU commissioner
The EU is ahead of the US with many financial products.
APM wades into Californian water
ACES Power Marketing (APM) has extended its energy risk management services to irrigation districts and public water agencies in California.
CBOT launches OTC ethanol contracts
Hot on the heels of its benchmark ethanol futures contract, the Chicago Board of Trade has unveiled plans for two new over-the-counter (OTC) Ethanol Calendar Swap contracts.
Deutsche Bank names chief credit officer
Stuart Lewis has been named Deutsche Bank's chief credit officer and deputy chief risk officer, a newly-created position.
Isda takes first steps to settle Dura CDS
The International Swaps and Derivatives Association has released a protocol for settling credit derivatives on Dura, the US auto parts producer that filed for bankruptcy on October 30.
Deutsche Börse merger talks with Borsa Italiana break down
Frankfurt-based securities and exchange operator Deutsche Börse has pulled out of merger talks with Milan-based Borsa Italiana, after failing to agree on moves towards a joint venture.
Regional co-operation and micro and macro supervision are key to EMEA financial stability
Extra prudential pillars must bolster Basel pillars in Asian markets, says HKMA deputy chief executive.
LME rolls back Select after upgrade fault
The London Metals Exchange will abandon an upgrade to its LME Select electronic trading system, after a fault disrupted trading several times this week.
FSA warns of default risk
The growing use of credit derivatives and the rise of private equity mean that a large-scale default could be a much more complex and serious event in the future, according to the UK Financial Services Authority.
Autos and telecoms dominate CDS trading again
Automobiles in the US and telecom companies in Europe were again the busiest sectors of the credit default swap market in October, according to a report from the US interdealer broker GFI.