News
Duke names spin-off
Duke Energy has announced that its existing natural gas business will be called Spectra Energy Corp when the operation becomes a stand-alone, publicly traded company, targeted for Jan. 1, 2007.
Foreign exchange dealers are ignoring Mifid threat, says Celent
The foreign exchange industry will be beset by lawsuits and regulatory action if it continues to ignore the consequences of the new European Union Markets in Financial Instruments Directive (Mifid) coming into force next year, according to a research…
China bans pricing in offshore NDF market
Chinese officials have banned local banks from quoting prices in the offshore non-deliverable forwards (NDF) market in an effort to boost trading onshore, according to analysts.
New global forex head for Standard Chartered
Richard Leighton has been appointed global head of foreign exchange at Standard Chartered in London, in an internal move. His previous position was head of forex options, which will be incorporated into his new role.
Citigroup adds metals trader in Asia
US bank Citigroup has continued to expand its Asia-Pacific commodities team with the hire of Russell Wheeler, who joins the metals trading team in Singapore, with joint responsibility for risk management in Asia.
Markit and Calypso join forces to speed up trade confirmations
London-based data provider Markit and San Francisco capital markets trading software company Calypso have announced that the US-based company will integrate Markit Trade Processing into its software platform.
Economic instability does not preclude banks from using IRB, finds FSI award winner
Valles’ paper on using a TTC rating system for credit risk allows developing countries to use IRB, even after a crisis.
Barcap buys stake in energy investment firm
Barclays Capital has purchased a 40 per cent stake in energy investment firm NGP Capital Management.
No merger for FPL Group and Constellation
FPL Group and Constellation Energy have terminated their plans to merge.
Lloyds TSB hires to push FX products
Lloyds TSB Corporate Markets has hired Katie Parker as an associate director of foreign exchange solutions. She will focus on selling foreign exchange and structured products to the telecommunications, media, technology and leisure sectors.