News
Misys nails three major treasury deals in Asia
Misys Banking Systems, a unit of London-based software company Misys, has signed up three leading Asian financial institutions to use Misys Summit for their treasury and capital market requirements.
Asset managers want better derivatives risk monitoring, says S&P
Asset managers want risk monitoring strategies allowing them to better scrutinise their discretionary use of derivatives, according to a Standard & Poor’s (S&P) survey released last week.
CME targets credit derivatives market
The Chicago Mercantile Exchange plans to launch credit derivatives products early next year, with a view to capturing a share of a market that has largely been the preserve of over-the-counter dealers.
Duke names spin-off
Duke Energy has announced that its existing natural gas business will be called Spectra Energy Corp when the operation becomes a stand-alone, publicly traded company, targeted for Jan. 1, 2007.
Foreign exchange dealers are ignoring Mifid threat, says Celent
The foreign exchange industry will be beset by lawsuits and regulatory action if it continues to ignore the consequences of the new European Union Markets in Financial Instruments Directive (Mifid) coming into force next year, according to a research…
China bans pricing in offshore NDF market
Chinese officials have banned local banks from quoting prices in the offshore non-deliverable forwards (NDF) market in an effort to boost trading onshore, according to analysts.
New global forex head for Standard Chartered
Richard Leighton has been appointed global head of foreign exchange at Standard Chartered in London, in an internal move. His previous position was head of forex options, which will be incorporated into his new role.
Citigroup adds metals trader in Asia
US bank Citigroup has continued to expand its Asia-Pacific commodities team with the hire of Russell Wheeler, who joins the metals trading team in Singapore, with joint responsibility for risk management in Asia.