News
IIC launches iBoxx US pension liability indexes
Frankfurt-based International Index Company (IIC) has launched a suite of iBoxx US pension liability indexes, a three-index set of benchmarks designed to mimic pension liability performance.
Sharia forex hedges take off
The market for sharia-compliant foreign exchange hedges continues to grow, with Citigroup structuring the first cross-border sharia-compliant cross-currency profit rate swap worth $230 million.
Morley and Smith spearhead Deutsche Bank’s emerging market drive
Deutsche Bank has announced the appointment of Daniel Morley and Niall Smith as global heads of emerging market debt and emerging market equity structuring.
SocGen launching tradeable CDS index
Société Générale is launching a tradeable credit derivatives index, dubbed Credindex. The new index aims to simplify the process of investing in credit derivatives, to appeal to retail clients who are underinvested in the asset class.
Trading Technologies expands team in Asia
Chicago-based trading platform provider Trading Technologies (TT) has made several hires in Asia, following the opening of its Asia-Pacific headquarters in Singapore in July.
SunGard appoints Nayak to head its Basel II business unit
A leading solutions provider for financial services has appointed a head of product development to its Basel II BancWare business unit.
CME, CBOT to merge
The Chicago Mercantile Exchange is to merge with the Chicago Board of Trade in a move the exchanges say is “expected to transform global derivatives markets.”
Hong Kong SFC appoints chairman
Hong Kong’s Securities and Futures Commission (SFC) has appointed Eddy Fong as chairman with effect from October 20. The position had been vacant since late June, when previous chairman Martin Wheatley became chief executive.