News
Ex-Tullett Prebon man joins City Index
Geoff Chapman, the former global head of information technology at London-based interdealer broker Tullett Prebon, has joined London-based spread-betting firm City Index.
5% salary growth continues for energy risk execs
Salaries and total compensation for risk professionals at energy companies continued to grow at an average of 5% in 2005 over the previous year, according to the Professional Compensation Survey.
Credit Suisse overhauls equities division
Credit Suisse has restructured the management of its equities division, after revenues fell by 45% earlier this year.
International oversight needed for derivatives, say regulators
The complexity of the derivatives market means international regulation is the only way forward, according to the heads of three major regulatory agencies.
Major banks reduce unconfirmed trades by 70%
Dealers with large derivatives portfolios have made significant progress in reducing the number of unconfirmed credit derivatives trades, according to the latest meetings organised by the Federal Reserve Bank of New York which were held in New York…
BGI appoints Asian official institutions head
Barclays Global Investors has appointed James Blair as head of official institutions in Asia, excluding Japan.
Fastow sent down for six years over Enron collapse
Disgraced former Enron chief financial officer Andrew Fastow was yesterday sentenced to six years in prison for overseeing fraudulent off-balance-sheet dealings that brought down the company and made him millions.
Bear Stearns expands senior team
Bear Stearns has expanded its senior team with four internal promotions.
Nine banks to build Mifid utility
Nine global securities firms have gone public with plans to create a trade data and market data dissemination platform, to take advantage of the EU’s Markets in Financial Instruments Directive (Mifid) reforms.
CME exploring Indian exchange links
The Chicago Mercantile Exchange (CME) has discussed collaborating with three Indian commodities exchanges.
TradeBlade adds to management team
Tullett Prebon have announced three new senior additions to the management team of TradeBlade, the interdealer broker’s electronic platform.
Schwartz moves to BarCap
Douglas Schwartz has left UBS to join Barclays Capital, in the newly created role of client services manager in the bank’s e-commerce group.
CBOT to distribute Jade data
The Chicago Board of Trade (CBOT) will start releasing futures data from the Joint Asian Derivatives Exchange (Jade) this week.
Fed appoints Cole as director of banking
The Federal Reserve Board has promoted Roger Cole to director of the banking supervision and regulation division.
First physical and futures freight fund launched
Dry bulk shipping fund advisor M2M Management today launches Global Maritime Investments, the first physical and futures maritime freight fund.