News
PWC report finds that too much regulation is the biggest concern for firms
For the second year in a row, too much regulation is judged to be the greatest risk facing the financial sector, according to a survey sponsored by PricewaterhouseCoopers. According to the survey, “cost, diversion of management time and the sheer volume…
FpML messaging to be allowed on Swift
The International Swaps and Derivatives Association is to collaborate with the Swift interbank network to allow messaging in the FpML derivatives markup language.
Hedge funds can now list on Singapore Exchange
The Singapore Exchange (SGX) started accepting the listing of hedge funds on its markets from June 29. The listing rules will be less onerous than for traditional funds, as they are only to be offered to “highly specialised investment pools” comprising…
Commerzbank names head of structured credit trading
Mehmet Artun has joined Commerzbank as head of structured credit trading.
CFTC accuses BP of price manipulation
The US Commodity Futures Trading Commission (CFTC) has accused BP Products North America of price manipulation in the US propane market.
BNP Paribas lures Flannery from Deutsche Bank
Matthew Flannery has jumped ship from Deutsche Bank to BNP Paribas’ equity finance trading division. As a New York-based director at BNP Paribas, he will be responsible for helping build the French dealer's equity swaps and synthetic prime brokerage…
Pension funds still shunning derivatives
The majority of corporate pension funds have yet to implement the use of derivatives in their risk management strategies, despite the recent drive towards liability-driven investments (LDI), according to a new survey of chief executives and treasurers at…
GFI rolls out pricing tool for structured products
Interdealer broker GFI in New York has released a new version of its pricing and risk management software, incorporating a structuring and pricing tool for structured products.
Lehman Brothers to launch commodity index
Lehman Brothers will launch its Lehman Brothers Commodity Index (LBCI) on July 1 to track the performance of 20 commodities futures contracts across the energy, metals, agricultural and livestock markets.
SwapsWire to offer Japanese OTC equity trades
UK electronic confirmation service SwapsWire has added confirmation of Japanese over-the-counter equity options to its product offering.
RBS extends electronic rates swaps to Asia
Royal Bank of Scotland (RBS) has extended the trading hours of electronic trading of US dollar interest rate swaps on Bloomberg to include Asian business hours.
Calyon names Dubois as Asian derivatives head
Cedric Dubois is moving to Hong Kong as head of equity and fund derivatives for Calyon Corporate and Investment Bank.
Standard Chartered offers Asian IRS pricing on Bloomberg
Standard Chartered has become the first bank to launch interest rate swaps on the Bloomberg electronic platform in five Asian currencies - Hong Kong dollars, Singapore dollars, Indian rupees, Taiwan dollars and Korean won.
BNP Paribas expands structured credit team
Olivier Vigneron has joined BNP Paribas as global head of structured credit risk management in London. The move is part of a raft of appointments at the French bank as it seeks to expand its structured credit business in the hedge fund and institutional…