News
In brief:
FSA sends “Dear CEO” Letter for CRD firms FSA releases handbook development newsletter
Shanghai Stock Exchange's unit sues FTSE/Xinhua over data use
Hong Kong-based FTSE/Xinhua Index, a provider of China equity indexes, said it has received a lawsuit filed against it by SSE Infonet, a unit of the Shanghai Stock Exchange, but denies any breach of contract related to its plans to use Infonet’s data in…
CME names market-makers for renminbi futures
The Chicago Mercantile Exchange (CME) has named HSBC and Standard Chartered Bank (SCB) as the first market-makers for futures contracts on the Chinese renminbi (RMB) against the US dollar, euro and yen, which started trading on August 28.
Hong Kong’s SFC makes senior appointments
Hong Kong’s Securities and Futures Commission (SFC) has promoted Keith Lui to the position of executive director, supervision of markets. Lui, who has worked for the SFC for 14 years, began his three-year term as executive director on August 28, and will…
Improved structure of markets, liquidity and better communication responsible for low volatility
Financial market volatility is at an all-time low due to improvements in the functioning and structure of global financial markets, increased liquidity and better communication between central banks and firms, according to a report released today by the…
IG names finance director
UK spread betting pioneer IG has named Steve Clutton as its new finance director.
HedgeStreet launches hurricane damage contracts
Online derivatives exchange HedgeStreet has launched contracts based on the value of damage caused in the 2006 hurricane season.
Sidenius joins JP Morgan credit modelling team
Jakob Sidenius has joined JP Morgan Chase in London as senior vice-president in credit quantitative research. Sidenius, who has written a number of technical papers on the pricing of collaterised debt obligations (See: All your hedges in one basket ),…
Top dealers slash equity exposures in Q2
The majority of the world’s largest market risk-takers slashed their equity market exposures during the second quarter of 2006, as they responded forcefully to sharp spikes in equity volatility in late May and early June.
Chinese regulator rotates senior managers
The China Securities Regulatory Commission (CSRC) has made several new senior appointments within local futures exchanges, including the soon-to-start China Financial Futures Exchange.
Northern Trust hires Andress to run derivatives operations
Chicago-based Northern Trust has recruited Stephen Andress as its global head of derivatives operations to run its back-office derivatives processing infrastructure.
Wachovia hires two in forex sales from StanChart
Wachovia has poached two forex sales personnel from Standard Chartered in Singapore and Hong Kong, as it continues to increase its presence in Asia.
In Brief:
EC releases updated Lamfalussy league table
Man launches HK retail fund
Hedge fund provider Man Investments has launched a principal-protected futures and options fund authorised by the Hong Kong Securities & Futures Commission and aimed at retail investors.