News
EECM and Coastal Partners launch offshore energy fund
New York-based Energy & Environment Capital Management (EECM) and Coastal Partners of the Bahamas will together launch an offshore version of the Energy & Environment Fund.
ETF Securities launches 29 new exchange-traded commodity securities
ETF Securities, a leading player in exchange-traded commodities (ETCs), will simultaneously launch 29 separate ETCs in the UK within the next few weeks, comprising 19 individual securities and 10 index securities.
SGX AsiaClear to offer clearing on partials
The Singapore Exchange (SGX) has announced that SGX AsiaClear will offer the clearing of OTC balance-of-month fuel oil 180cst and 380cst swaps from September 4.
Natsource in billion dollar green house gas transaction
Carbon asset manager Natsource has announced that two of its entities will participate in a billion dollar green house gas (GHG) transaction.
Nord Pool Spot opens Elbas for cross-border trading
Nord Pool Spot, which runs Elbas, the first intra-day trading system in Europe, is to extend it to cover the German bidding area “Kontek” on September 25.
BNP adds five to metal derivatives team
BNP Paribas, the Paris-based bank, has appointed five base and precious metal marketers to its commodity derivatives group.
China Financial Futures Exchange opens
The China Financial Futures Exchange opened for business on September 8 in Shanghai. The exchange is expected to start trading stock index futures soon, although a spokesman from the China Securities Regulatory Commission (CSRC) declined to specify when…
Icap wins interdealer broker survey
The London-based interdealer broker Icap has come top of Risk’s 2006 broker survey.
BIS says derivatives trading remains buoyant
Growth in international derivatives trading on exchanges stabilised in the second quarter with an increase of 13% between April and June, following a surge of 24% in the previous quarter, according to the latest Bank for International Settlements (BIS)…
Bear Stearns expands precious metals team
Bear Stearns has expanded its precious metals group. It is offering over-the-counter forwards, options, swaps and structured products, as well as spot trades, in London, New York and Hong Kong.
BNP Paribas hires Osborn-Barker to expand pensions coverage
BNP Paribas has appointed Tony Osborn-Barker as global head of pensions in the fixed-income global risk solutions group, a newly created position based in London.
Climate Change Capital creates world's largest private carbon fund
Climate Change Capital (CCC), a UK-based investment bank that focuses on investment in clean energy and a low carbon economy, announced this morning that it has created the world's largest private sector carbon fund.
BNP Paribas hires for securitisation
BNP Paribas has appointed Arjan Verbeek as co-head of flow products within the securitisation group, a newly created position based in London.
Tradition plans high-yield CDS offering
Tradition, the London-based interdealer broker, plans to offer European high-yield and crossover credit default swaps (CDSs) by the end of the year.
GFI to acquire Amerex's North American operations
GFI is acquire the North American brokerage operations and assets of Amerex Energy, a leading interdealer broker of power, natural gas and emissions products and related derivative and option contracts in North America.
Atos Euronext Market Solutions names Asia head
Atos Euronext Market Solutions (AEMS), a London- and Paris-based supplier of exchange systems, has appointed Jessie Pak as head of Asia.
GFI to acquire most of Amerex in US
GFI, the New York-based interdealer broker, has announced it will acquire the bulk of Amerex Energy’s North American operations. The deal, worth $86 million, is due to be completed before the end of October.
Bürgenstock 2006: McCreevey may force exchanges to end clearing monopolies
High clearing charges are limiting the growth of Europe’s capital market and the European Commission should act now to open the clearing market to competition, according to speakers attending a Swiss Futures and Options Association conference in…