News
Lloyds TSB appoints new global solutions head
Chris Mitchell has been appointed head of global financial institutions solutions at Lloyds TSB Financial Markets in London. He comes from AIG, where he was head of UK derivatives marketing, and has previously worked as head of UK derivatives marketing…
China Bohai Bank implements new risk management system
Tianjin-based China Bohai Bank, set up in February, implemented a new risk management system aimed at facilitating a higher degree of automation in its treasury operations.
Mifid IT group spins itself off
LONDON – The Joint Working Group (JWG) of the Markets in Financial Instruments Directive (Mifid) has lost its IT subject group because it has spun itself off as a for-profit think tank, JWG officials confirm.
Ritter to head credit operations at Deutsche Bank
Deutsche Bank has appointed Mark Ritter as chief operating officer of its global credit trading arm. The move, effective immediately, comes one year after his high-profile move from UBS, when he joined Deutsche as global head of commodities.
BarCap strengthens FX in Singapore and Tokyo
Barclays Capital has added more senior personnel to its foreign exchange teams in Singapore and Tokyo.
Deutsche Bank launches online FX trading service
Deutsche Bank in London has launched dbFX, an online spot foreign exchange trading service for individual clients that includes an option for leveraging their positions.
European securitisation up 40% this year
European securitisation was up 40% in the first quarter of 2006, with mortgage-backed securities the largest sector of the market.
In the frame
Seven of the industry's top op risk executives debated framework implementation at a recent roundtable discussion in New York, moderated by Ellen Davis and sponsored by enterprise-wide risk solution firm FRS
RBS axes up to 60 jobs in rates and forex
The Royal Bank of Scotland (RBS) yesterday eliminated up to 60 positions in its global banking and markets business. Most of the redundancies were made in the rates business, although some came in foreign exchange. Trading, research, sales and ecommerce…
Dealers dispute benefts of trading algorithms
Algorithms are important but not indispensable in execution trading, said participants at a panel discussion during the fourth Asia-Pacific Electronic Trading Summit 2006, held in Hong Kong yesterday.
DTCC and Jasdec to handle US stocks on Japanese exchange
The Depository Trust and Clearing Corporation (DTCC) has signed a deal with the Japan Securities Depository Centre (Jasdec) to streamline trading in US securities on Japanese stock exchanges.