News
RBS recruits debt market strategy head for Japan
John Richards has moved from Barclays Capital to RBS Securities Japan, where he will head the Asia-Pacific debt market strategy and economics team.
Icap forms joint venture in China
Interdealer broker Icap is to form a joint venture with the China Foreign Exchange Trade System & National Interbank Funding Center (Cfets). The venture – Shanghai Cfets International Money Broking – will provide voice-broking services for the money,…
JP Morgan launches tradable iTraxx total return swaps
JP Morgan has today launched tradable iTraxx total return swaps (TRS) that will enable investors to have both long and short exposure risk in the European credit derivatives market.
Swapstream offers electronic butterfly spreads
Swapstream, the London-based electronic trading platform for interest rate swaps established in 2003, has launched the trading of implied butterfly spreads on its platform.
Deutsche hires Gunewardena to strengthen prime brokerage
Deutsche Bank has appointed Mel Gunewardena as managing director and global head of fixed income prime brokerage, within its global markets division.
Man Group snaps up 70% of Eurex US
Hedge fund manager and futures broker Man Group is to buy 70% of US Futures Exchange, formerly Eurex US, at a total cost of $58.2 million.
Citigroup snares Calpine CFO to head commodity capital markets
Citigroup has appointed Rodney Malcolm as managing director and global head of commodity capital markets.
SEC chief calls hedge fund oversight "inadequate"
US Securities and Exchange Commission (SEC) chairman Christopher Cox has called for more power to regulate hedge funds, saying that current rules are "inadequate".
Threadgold quits JP Morgan to run market risk at UBS
Andrew Threadgold, global head of market risk at JP Morgan Chase, has quit the US dealer to take on a similar role as global head of market risk at UBS.
China approves cross-currency master agreements
Lawyers hailed the release of a long-awaited master agreement for renminbi cross-currency forwards and swaps by China’s foreign exchange regulator, saying it was a big step forward in bringing onshore documentation closer to international standards.
PPF enhances risk modelling
The UK Pension Protection Fund (PPF) has added a macroeconomic scenario generator to its in-house long-term risk model.
CreditTrade and Creditex join forces
London-based interdealer broker CreditTrade and New York-based credit derivatives electronic trading platform Creditex have announced they will merge to form a single company to offer voice and electronic execution services in the fast-growing credit…
Regulatory penalties force out Chinatrust chairman
Jeffrey Koo has resigned as chairman of Chinatrust Commercial Bank, one of the largest private banks in Taiwan, due to a regulatory backlash over the bank’s acquisition of a rival bank’s shares through a structured note transaction conducted by…
ABN Amro unveils new inflation team
ABN Amro has named Vincent Voeten as global head of integrated inflation products, which encompasses both trading and structuring. Voeten was previously head of macro exotics trading for ABN Amro in the US.