News
Pension funds move into alternative investments
Pension funds are increasingly investing in alternative assets such as real estate in order to reduce their liabilities, according to UK-based investment consultants Watson Wyatt.
Hong Kong Exchange to expand derivatives warrant data
Hong Kong Exchanges and Clearing Limited (KKEx) is introducing a new derivatives warrants information website in mid-2006.
BIS group to work on settlement delays
A Bank of International Settlements (BIS) working group will look at settlement problems in the over-the-counter derivatives market, in an effort to deal with delays in trade processing.
Bloomberg and six banks in IR trading joint venture
Six international banks and financial information provider Bloomberg have launched a joint venture company to operate an online interest rate derivative trading platform.
DTCC developing trade warehouse for credit derivatives
The Depository Trust & Clearing Corporation (DTCC) is developing a central trade information warehouse and support infrastructure in an attempt to standardise how credit derivative trades are processed across the industry.
Isda, ICMA and TBMA form joint capital markets body
Three capital markets associations are to form a joint body that aims to streamline industry-wide co-operation between the derivatives, securities and bond markets. The Global Capital Markets Board (GCMB) will develop a common policy on market,…
Hong Kong’s SFC to strengthen enforcement
Hong Kong’s Securities and Futures Commission (SFC), the securities industry watchdog, will continue to place emphasis on enforcement and investor education in the coming year, said SFC chairman Martin Wheatley.
Spectron opens coal desk
UK energy broker Spectron Group has opened a coal trading desk in London, staffed with two ex-TFS brokers.
BarCap survey shows options e-commerce still lags behind
A Barclays Capital survey of its corporate customers has found that electronic trading of foreign exchange options is lagging behind, as the market attempts to shift trading from voice brokerage to e-commerce systems.
Regulatory changes drive demand for single-stock futures
Trading volumes on Eurex’s single-stock futures contracts have grown by a factor of five every month since their launch last October, according to figures released by the exchange today. Trading volumes rose to around 287,000 contracts in January,…
Honesty best for preventing bank crises, report says
Ethics are far more important than economics in preventing bank crises, according to a report published today by Berlin-based corruption watchdog Transparency International.
Nymex’s side-by-side trading seen as deathknell to floor
The New York Mercantile Exchange (Nymex) will introduce side-by-side electronic and open-outcry trading in its physically settled energy futures contracts in the second quarter of 2006.
SG's Raphael Blot departs
Raphael Blot, head of equity derivatives and structured products at SG Securities in Hong Kong, has left the bank.
Gooch named as Nymex Europe CEO
Nymex Europe has named Andy Gooch as its new chief executive, replacing interim CEO Samuel Gaer.
Noble suspends two traders
Noble Group, a Singapore-listed global supply chain manager of agricultural, industrial and energy products, has suspended two traders in the company's aluminum business.
China allows RMB interest rate swaps
The People’s Bank of China (PBOC) has issued new regulations allowing banks to conduct renminbi-denominated interest rate swap transactions on a trial basis. The move is the latest in a series of measures by the central bank to liberalise the RMB…
StanChart appoints three in FX and rates
Standard Chartered has made three new appointments to its foreign currency options and interest rates derivatives desks based in London.