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Merrill’s strategy shift
people news
CDS spreads hit lows
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GFI boosts Fenics foreign exchange options pricing team
GFI Group, the inter-dealer broker and market data company, has hired three new staff for its Fenics foreign exchange options pricing system.
Asian central banks seek cover
New Angles
Are dry freight forwards a damp squib?
New Angles
Job moves
People
Merrill Lynch poaches DrKW prime broking heads
US investment bank Merrill Lynch has hired Paul Dackombe and Gary Francis to head up its prime brokerage business.
Sponsor's article > SunGard to rise again
SunGard, the 900-pound gorilla of the financial sector software market, has been strangely absent from the operational risk software arena so far, according to both financial and technology industry executives. Now, however, that looks set to possibly…
Freddie Mac opts for OpVar
Quasi-government US mortgage agency, Freddie Mac, has chosen Fitch Risk's OpVar software suite to manage its operational risk.
DrKW boosts credit and derivatives sales and marketing
Dresdner Kleinwort Wasserstein (DrKW) hired five new staff to beef up its credit and derivatives sales and marketing team.
American regulators release proposed guidance for IRB systems for retail credit exposures
The Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Office of Thrift Supervision (The Agencies) have proposed guidelines for Internal Ratings-Based Systems for Retail Credit Risk…
EEX launches daily CO2 price index
The European Energy Exchange (EEX) in Germany has started publishing a reference price for the trade in CO2 certificates throughout Europe on each trading day. The move comes in preparation for the European Union emissions trading scheme (ETS), which…
Algo offers op risk system to deal with multiple regulatory regimes
Canadian software company Algorithmics has updated its operational risk management system to consolidate data capture for all regulatory information ranging from Basel II to Sarbanes-Oxley.
Nymex to launch New England electricity futures contract
The New York Mercantile Exchange will introduce a New England swap futures contract on its ClearPort trading platform on October 31.
Nymex to launch two new coal swap futures
The New York Mercantile Exchange (Nymex) will launch two new coal futures contracts – one for eastern coal and one for western coal – on its ClearPort trading platform on October 31.
Freddie Mac opts for OpVar
Quasi-government US mortgage agency, Freddie Mac, has chosen Fitch Risk’s OpVar software suite to manage its operational risk.
Algo offers op risk system to deal with multiple regulatory regimes
Canadian software company Algorithmics has updated its operational risk management system to consolidate data capture for all regulatory information ranging from Basel II to Sarbanes-Oxley.
Directory Listing >> Elan Risk Management provides specialist Basel II recuitment services
Elan Risk Management is a specialist division of Elan Computing, which is fast becoming one of the recognised leaders in the provision of skilled resource around Basel II in the UK.
BNP launches online structured note trading platform
BNP Paribas has launched an online trading platform that will allow the French bank’s clients to trade structured credit-linked notes, equity and fixed-income hybrid notes, and corporate bonds.