News
ABN Amro to go global with Dealstation
Dutch bank ABN Amro is planning a global debut next year for Dealstation, its white-labelled, foreign exchange trading platform, bank officials told RiskNews ' sister publication Trading Technology Week .
Italy's Abaxbank builds treasury unit with forex options appointment
Milan-based Abaxbank has hired its third new treasury team member this year. The new arrival is Cinzia Lacopone in foreign exchange options.
Bear Stearns snares another CSFB credit derivatives head
US investment bank Bear Stearns has snared another top credit derivatives executive from Credit Suisse First Boston (CSFB) following its appointment of Mark Davies as global head of credit derivatives in May.
MFA publishes 2003 sound practices for hedge fund managers
The Managed Funds Association (MFA), a voice for the hedge fund industry, has submitted its 2003 Sound Practices for Hedge Fund Managers to the Securities and Exchange Commission (SEC).
Deutsche forex quant Jacobs follows McGhee to Citi
Deutsche Bank’s former deputy head of foreign exchange products development, Andrew Jacobs, is set to join his old boss, William McGhee, at Citigroup.
Derivatives expert Kim rises another rung at Merrill Lynch
Dow Kim, the Korean-born fixed-income derivatives profit generator at Merrill Lynch, has been named co-head of global markets and investment (GMI) banking at the US investment bank, following the departure of Arshad Zakaria.
Derivatives industry achieves new targets in confirmation processing, says Isda
The derivatives industry is setting and achieving new targets on confirmation processing, according to the International Swaps and Derivatives Association.
Prmia names Ahmad as regional director for Washington DC
The Professional Risk Managers’ International Association (Prmia) has named Syed Ahmad as its first regional director for the association’s newest chapter in Washington DC.
Isda releases new draft of FpML 4.0
The International Swaps and Derivatives Association has released the second working draft for Financial products Markup Language (FpML) version 4.0.
LSE appoints Stuchfield to head equity derivatives business
The London Stock Exchange (LSE) has appointed Nic Stuchfield as managing director of EDX London, the LSE-controlled derivatives exchange in which Sweden's OM holds a minority stake.
Bank of America strengthens structured credit team
Bank of America (BoA) has hired Sean Rice and Justin Dash as principals within its global structured credit products' marketing and origination team.
JP Morgan and Morgan Stanley launch Tracx emerging markets
JP Morgan Chase and Morgan Stanley have launched the Tracx Emerging Markets (Tracx EM) index, the latest addition to the Tacx global suite of credit default swap (CDS) indexes created by the two US financial services firms.
Event-driven hedge fund strategies post strong returns
Event-driven strategies are the leading growth component in the S&P Hedge Fund Index, generating a 10.38% return for the year-to-date, according to Standard & Poor’s.
OneChicago trades one-millionth SSF contract
OneChicago, the joint single-stock futures venture of the Chicago Board Options Exchange, Chicago Mercantile Exchange and the Chicago Board of Trade, traded its one-millionth contract this morning, the exchange said in a statement.
Prebon Yamane goes live with SwapsWire in Tokyo
Brokerage house Prebon Yamane has gone live with SwapsWire in Asia, making it the first brokerage house in Tokyo to use the system since it went live in Japan last month.
CLS to include South Korean won
CLS Bank, which operates the continuous-linked settlement service for foreign exchange, plans to include the South Korean won as a CLS-eligible currency.
JPMC’s Puth to relocate to London
David Puth, global head of forex and commodities at JP Morgan Chase in New York, will transfer to London on August 26.
Steady increase in pay for North American equity derivatives specialists, reports Greenwich
Compensation to equity derivatives investors increased steadily last year, according to research by Greenwich Associates, a Connecticut-based consulting company.
CAI adds to emerging markets forex team
Crédit Agricole Indosuez has added to its emerging markets team in South-east Asia.
Management buys out SG’s weather and cat bond funds
Société Générale’s (SG) weather derivatives team completed an amicable management buyout of the weather division at the French bank. The buyout creates what is believed to be the largest range of dedicated weather derivative and catastrophe bond funds,…
LNG not a short-term supply fix, warns US research firm
Liquified natural gas (LNG) will have a minimal impact on a significant US gas storage shortfall in the winter of 2003/2004, despite its long-term promise, says Energy Security Analysis Inc (Esai), a Boston-based research firm.
Mirant bankruptcy is not terminal
US energy firm Mirant’s July bankruptcy filing bucks the recent trend of last-minute restructuring deals that have saved many of its rivals from a similar fate. But analysts say the company is likely to emerge from its filing with at least some of its…
People Swaps
ABN Amro hires global energy trading head Dutch bank ABN Amro has hired Jonathan Arginteanu to the newly created positionof senior vice-president and deputy head of global energy trading operationsin New York. He was previously head of rival bank BNP…
UK energy brokers form association
Nine brokers operating in the over-the-counter energy markets in the UK formed the London Energy Brokers’ Association (LEBA) in July.