News
Corporates wise up to oil hedges
New Angles
ProCapital to manage derivatives activity with Ubix
ProCapital, an electronic institutional equities and derivatives broker, has signed up to Ubitrade’s derivatives clearing and settlement system, Ubix.
Pension funds scramble for foreign exchange management
UK pension funds' demand for foreign exchange management has risen sharply over the past year, as trustees and managers seek to limit risk and improve returns, reports RiskNews’ sister publication, FX Week .
Job moves
People
Low implied volatility hampers activity
New Angles
Are equity analysts blind to risk?
New Angle
Foley to launch Gelber foreign exchange desk
Bank One's former forex options chief Justin Foley is joining Gelber Trading, a division of Chicago-based trading firm Gelber Group, to set up a new foreign exchange desk in September, according to RiskNews’ sister publication, FX Week .
Energi E2 chooses KWI for multi-commodity trading
Danish energy production and trading company Energi E2 today signed up for K2, the integrated energy trading and risk management system from London-based KWI. Energi E2 will use the software for multi-commodity trading, with the aim of reducing its…
Mirant CFO Burns handed extra role of chief restructuring officer
Bankrupt Atlanta-based energy company Mirant has given chief financial officer Michele Burns the additional role of chief restructuring officer.
Chinese banks automate to trade derivatives
Guangdong Development Bank (GDB), First Sino Bank (FSB) and the Bank of Shanghai (BOS) are installing systems by Reuters to comply with derivatives regulations introduced by the China Banking Regulatory Commission (CBRC) in March, said officials.
Foreign exchange volumes up by a third
Foreign exchange trading volumes are up by nearly a third over the past three years, according to new research from UK consultancy ClientKnowledge.
First Irish covered mortgage bonds set to debut
Bank of Ireland's mortgage banking unit is readying the country’s first issuance of covered bonds backed by a pool of residential mortgages. The €2 billion issue, which will be triple-A rated, is set to be priced within the next month. Barclays Capital,…
Anti-competitive probe focuses on Amex and CBOE
The American Stock Exchange (Amex) and Chicago Board Options Exchange (CBOE) are being investigated for possible anti-competitive practices, according to the National Association of Securities Dealers (NASD).
Banco Santander seals its first managed synthetic CDO
Spain-based Banco Santander Central Hispano has completed its first managed synthetic credit default swap portolio transaction in the European market.
Westpac buys new risk management software
Australian bank Westpac has licensed SunGard's Credient, part of its Adaptiv credit risk infrastructure.
FHL Bank Topeka selects Providus' RiskResolve for op risk management
The Federal Home Loan (FHL) Bank Topeka, a Kansas-based privately owned, federally chartered corporation that finances mortgage credit in member financial institutions, has selected Providus' operational risk management solution, RiskResolve, to boost…
Banc of America Securities hires senior oil analyst
Banc of America Securities (BAS) yesterday hired Daniel Barcelo as a senior equity research analyst covering the global integrated oil sector. He joins the Bank of America subsidiary from rival bank Lehman Brothers and will be based in New York. He will…
IDC to buy FutureSource for $18 million
Interactive Data Corporation is buying privately held futures, options and commodities data provider FutureSource in an $18 million cash deal.
BNP Paribas expands interest rate group in New York
BNP Paribas has made seven appointments to its interest rate group in New York, headed by Zbigneiw Ryzak.
Data crisis coming, says S&P
Financial institutions must start sorting through their large amounts of credit risk data to recognise the right information they need for the purposes of Basel II credit risk measurements, according to Ken Hoffman, the director of Digital Feed Products,…
IPE relaunches UK power futures, while LCH clears first OTC UK power trade
The International Petroleum Exchange (IPE), the London-based energy futures and options exchange, will relaunch UK baseload and peakload electricity futures contracts on September 14. Meanwhile, London-based clearing house LCH Clearnet yesterday cleared…