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Icap enters electronic futures fray
UK-based interdealer broker Icap will start electronic trading of exchange-listed futures contracts on its BrokerTec platform by the beginning of the fourth quarter, said Icap officials, reports Risknews’ sister publication, Trading Technology Week .
Morgan Stanley set to acquire Barra
Morgan Stanley Capital International (MSCI), a provider of equity, fixed-income and hedge fund indexes based in New York, will acquire California-based technology company Barra within 120 days, for approximately $816.4 million, or $41.00 a share, the…
BNP unit pushes STP for forex
BNP Paribas Securities Services is using CheckFree’s straight-through processing (STP) module to scale its processing services for foreign exchange transactions, reports Risknews’ sister publication, Trading Technology Week .
Regulators not keen to define "significant" international subsidiary
It is highly unlikely that Basel II regulators will have a precise definition of a "significant international subsidiary" in order to make it easier for internationally active banking organisations to determine which of their subsidiaries can calculate…
Norway's Statoil sets up emissions trading unit
Norwegian energy company Statoil has formed a unit for trading carbon dioxide emissions. The Oslo-based firm said: “The Norwegian emissions trading regime will govern Statoil’s involvement in the purchase and sale of carbon quotas.”
ESB wins Esso price battle
A high court judge has rejected claims by Esso it should be allowed to raise the price of gas supplied to Ireland’s Electricity Supply Board (ESB) on the basis of prices reported in the Heren Report .
Reuters names treasury head
Reuters has named Mark Robson its global head of treasury and fixed income, during a year when the UK company has placed the development of its treasury business as a high priority.
SunGard buys Derivatech
Front Capital Systems, the Swedish subsidiary of SunGard, has bought FX options software vendor Derivatech.
Growth in credit derivatives at 29%
Notional volumes in the credit derivatives market now stands at US$3.58 trillion, representing year-over-year growth of 29%, according to trade body the International Swaps and Derivatives Association.
New clearing system for Nordic market
Nord Pool Clearing, the clearing organization for the Nordic power exchange Nord Pool, has launched a new clearing system for the electricity derivative market. OM Technology is the system provider.
Derivatives risks overstated, say academics
The majority of finance professors at the world’s top business schools believe the risks of using derivatives have been overstated, according to the International Swaps and Derivatives Association.
IAS39 amended to allow for macro hedging
Controversial International Accounting Standards Board (IASB) proposals for the marking-to-market of derivatives, known as IAS39, are to be amended to allow for 'macro hedging'.
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