News
Calypso expands trading software services
San Francisco-based software provider Calypso Technology has enhanced its credit derivatives trading services to manage increased trading volumes and additional instruments.
OTC weather trades fall; exchange trades rise
The weather derivatives market is shifting from an over-the-counter market to an exchange-traded one, according to results from a 2004 Weather Risk Management Association (WRMA) survey.
OTC weather trades fall; exchange trades rise
The weather derivatives market is shifting from an over-the-counter (OTC) market to an exchange traded one, according to the 2004 Weather Risk Management Association (WRMA) survey.
IPE hires Fredrik Voss
Fredrik Voss, one-time chief executive of the UK power Exchange, is to join the London-based International Petroleum Exchange (IPE), as director of market development.
Danish state-owned energy company signs up to Allegro
The Danish State-owned energy company, Dansk Olie og Naturgas (Dong), has signed up to use Allegro Development’s trading and risk management software for its natural gas operations.
Nymex chief quit over pay cut
Bo Collins' decision to resign as president of Nymex was triggered by the board cutting his compensation package, said a source at Nymex.
Nymex fires opening shots for ICE
Nymex has made a $150 million cash bid for the Atlanta-based Intercontinental Exchange (ICE), and would also pay $67 million to shareholders of the International Petroleum Exchange (IPE), according to a senior Nymex official.
Nymex chief quits over pay cut
The decision by Bo Collins to resign as president of Nymex was triggered by the board cutting his compensation package, said a senior source at Nymex.
Fitch finds CDS participants should act before times of stress
Credit default swaps (CDS), although an efficient risk management tool, should not be used solely in reaction to times of greatest stress when many corporates are illiquid, said a Fitch Ratings special report, Liquidity in the credit default swap market:…
Entergy and Koch consider selling energy trading business
New Orleans-based Entergy Corporation and Wichita's Koch Industries today said they are considering selling their energy trading business Entergy-Koch Trading (EKT).
Entergy and Koch consider selling energy trading business
New Orleans-based Entergy Corporation and Wichita’s Koch Industries today said they are considering selling their energy trading business Entergy-Koch Trading (EKT).
Nymex fires opening shots for ICE
Nymex has made a $150 million cash bid for the Atlanta based Intercontinental Exchange (ICE), and would also pay $67 million for shareholders of the International Petroleum Exchange (IPE), according to a senior Nymex official. The bid, which includes…
Private equity firm buys into Refco
US private equity firm Thomas H. Lee Partners (THL) has acquired a majority stake in Refco, the New York-based broker.
NRG Energy creates chief risk officer role
NRG Energy has hired Philip Chesson to fill the newly created role of chief risk officer.
Private equity group to acquire majority stake in Refco
Boston-based private equity group Thomas H Lee Partners (THL) will acquire a majority stake in Refco, a New York-based financial services firm involved in derivatives execution and clearing, as well as a provider of prime brokerage services for fixed…
Munich Re launches weather desk
Munich Re, the world's largest reinsurer, has established a New York-based weather derivatives desk in its Munich American Capital Markets division.
Munich Re launches weather desk
Munich Re, the world’s largest reinsurer, has established a New York-based weather derivatives desk in its Munich American Capital Markets division.
CFTC director resigns
Michael Gorham has resigned from his post at the US Commodity Futures Trading Commission (CFTC), effective June 30. Gorham was recruited by CFTC chairman James Newsome to become the first director of the Commission's Division of Market Oversight (DMO) in…
Icap to add trading functions to i-Swap
Faster-than-expected advances in electronic derivatives trading have forced inter-dealer broker Icap to step up plans to launch its own electronic swaps trading platform.
Citigroup restaffs Singapore forex sales
Citigroup has hired new staff to fill a void in its Singapore foreign exchange institutional sales team after three employees defected to Barclays Capital.
FX Concepts hires in options
FX Concepts, a New York-based currency manager, has hired two options specialists to enhance its quantitative research, foreign exchange options and non-directional strategies management.
Algo and Bloomberg release enhanced risk service
Toronto-based Algorithmics and Bloomberg released a new version of Algo Risk, a market and trading risk solution, at Algorithmics' annual user conference being held in Boston, Massachusetts this week.
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Nymex president to quit
Bo Collins, president of The New York Mercantile Exchange (Nymex), will leave the exchange at the end of this month. Nymex said the decision not to renew his contract was made by "mutual agreement".