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Credit cycle turning, say ratings firms
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China expands FX market
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FBI homes in on risk transfer
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Dresdner hires Silvotti, reshuffles derivatives group
Dresdner Kleinwort Wasserstein (DrKW) has hired Roberto Silvotti from Calyon as head of new product development in its derivatives group.
Deutsche promotes Javid to head emerging market structuring
Deutsche Bank has promoted Sajid Javid to the position of global head of emerging market structuring. He was previously head of the emerging markets structuring group for Europe, the Middle East and Africa.
Dresdner hires Madon to its structured credit unit
Dresdner Kleinwort Wasserstein (DrKW) has hired David Madon as a managing director in its structured credit sales and marketing unit in New York.
UK property derivatives under spotlight
Though the UK commercial property derivatives market appears to be finally taking off, barriers to liquidity and efficiency remain, said derivatives professionals at a seminar held by law firm Field Fisher Waterhouse earlier this week.
Specialist inflation funds proliferate in Europe
European funds specialising in inflation-linked products accounted for around 30% of all inflation-linked product end-users during 2004, according to ABN Amro.
CDS notional reached $6.3 trillion at end of 2004, BIS says
The Bank for International Settlements (BIS) included figures on credit default swaps (CDS) trading for the first time in its semi-annual over-the-counter (OTC) derivatives market report. According to the recently released report, the notional amounts…
iTraxx credit-linked notes launched
International Index Company, the Frankfurt-based firm that administers the European and Asian iTraxx credit derivative indexes, has launched three five-year iTraxx credit-linked notes.
Mexican structured bond issuance in 2005 hits $2 billion
Standard and Poor’s said that $2.03 billion worth of Mexican structured bonds have been issued so far this year. And with US dollar-denominated paper becoming more popular, use of derivatives in transactions is increasing.
Deutsche hires Grenier from Fidelity
Deutsche Asset Management (DeAM) has hired Bart Grenier as head of its speciality fixed income business – a newly created position. Grenier joins Deutsche Bank’s asset management arm from Fidelity Asset Management and Research, where he was a senior vice…
CME to launch more weather contracts
The Chicago Mercantile Exchange (CME) is set to list weather derivatives contracts for more cities in the US and Europe and to introduce two new types of weather contracts - probably by early July. Demand for CME weather contracts is fast increasing: as…
S&P makes push in Asia
Standard and Poor’s (S&P), the ratings agency and index provider, has hired Toshiki Ando as a business development director for Asia - a new role within its securities data unit.
Barclays hires head of equity exotics trading
Barclays Capital has hired Nick Nassuphis as head of equity exotic and structured product derivative trading.
Execution across Nomura's new platform reaches $500 million
Nomura International says it has executed more than $500 million worth of structured transactions across Altrus, its new equity derivatives trading platform.
Markit hires credit derivative valuations specialist
Markit has hired Vaughan Harding as a director in its valuations group in London.
ABN Amro expands commodity-trading team, opens Singapore office
Dutch bank ABN Amro has made several commodity trading and marketing hires in London and New York, and opened an office in Singapore.
GFI launches forex option pricing tool
New York-based inter-dealer broker GFI has launched a foreign exchange options trading technology that will help its sell-side clients provide pricing and trading tools to the buy side.