News
Eurex extends equity trading hours to appeal to Asia
Eurex is to extend trading of its euro-denominated equity index products by one hour from June 1, as the exchange seeks to draw in more trade from clients in Asia-Pacific time zones. Trading will begin at 8am Central European Time instead of the current…
CBRC concerned about selling Chinese banks
The China Banking Regulatory Commission (CBRC) has admitted it is concerned about the role of foreign financial firms operating in China.
Derivatives trading up in Korea
The notional amount of derivatives traded in Korea last year grew by 43.6% to KRW38,427 trillion ($40.5 trillion), according to data released by Korea’s financial regulator, the Financial Supervisory Service (FSS),
CME and China’s Cfets push for link-up
Officials from the Chicago Mercantile Exchange (CME) and the China Foreign Exchange Trade System (Cfets) have unveiled plans for a multi-year agreement in Shanghai to allow Chinese investors to trade CME’s foreign exchange and interest rate products.
London's first Islamic investment bank opens
The European Islamic Investment Bank opened for business in London today, a month after receiving clearance from the UK Financial Services Authority (FSA).
BNP Paribas builds a US listed options and ETF team
BNP Paribas has hired Joe Waskas, David O’Shaughnessy and Jason Brus to form part of its New York-based listed options and exchange-traded funds (ETF) team.
RBS establishes Japanese equity derivatives business in Tokyo
The Royal Bank of Scotland (RBS) has launched a Japanese equity derivatives business within RBS Securities Japan, its wholly owned subsidiary in Tokyo, the bank said in a statement.
ABA supports NPR and Basel 1A
The American Bankers Association (ABA) has commended banking regulators for continuing the dialogue on implementing Basel II. "It is good to know that we are proceeding in the context of broad agreement on the goals for the new standards. The task now is…
Tullett Prebon names Ann as new data chief
London-based interdealer broker Tullett Prebon has promoted Henry Ann to head its market data business, Tullett Prebon Information.
Euronext to “carefully review all available options”
Euronext has increased speculation about future exchange consolidation in both the US and Europe, after it issued a statement insisting it was still open to all offers. The statement said the company would seek value for all its shareholders in any…
Rabobank moves structuring from Singapore to HK
Rabobank International has announced plans to relocate its structuring arm in Singapore to Hong Kong. It said the move was in line with its corporate strategy to strengthen its capabilities in structured product origination, risk management and…
Treasury bulletin on FSMA out
The Treasury has published its April bulletin on the Financial Services and Markets Act (FSMA). The bulletin provides an update on new legislation, the progress on closed consultations, open consultations and future consultations.
DGCX to launch Middle East's first currency futures
The Dubai Gold and Commodities Exchange (DGCX) is to launch currency futures in the coming months – the first such products to be made available in the Middle East. It plans to introduce futures contracts on euro/dollar, yen/dollar and sterling/dollar,…
Fitch to introduce synthetic CDO market risk valuation service
Fitch Ratings is aiming to introduce a new service for evaluating market risk in synthetic collateralised debt obligations (CDOs) in the next three months, which it will announce tomorrow. The rating agency will offer a mark-to-model market risk service…
Reuters calculates spot USD/HKD fixing rate
Reuters has been appointed the official calculator and distributor of the benchmark spot US dollar/Hong Kong dollar fixing rate, which will be launched on April 6 this year.