News
SwapsWire expands equity derivatives service
London-based electronic confirmation service SwapsWire plans to roll out its equity option confirmation service across Asia after the launch of the service in Japan earlier this year.
CBA of Mifid finds compliance costs will be ‘substantial’
Industry has been calling for a CBA of Mifid since the FSAP was introduced. A study that the FSA will use in its full CBA has been released – showing industry fears of high costs.
Misys nails three major treasury deals in Asia
Misys Banking Systems, a unit of London-based software company Misys, has signed up three leading Asian financial institutions to use Misys Summit for their treasury and capital market requirements.
Asset managers want better derivatives risk monitoring, says S&P
Asset managers want risk monitoring strategies allowing them to better scrutinise their discretionary use of derivatives, according to a Standard & Poor’s (S&P) survey released last week.
CME targets credit derivatives market
The Chicago Mercantile Exchange plans to launch credit derivatives products early next year, with a view to capturing a share of a market that has largely been the preserve of over-the-counter dealers.
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.