News
Swiss Re signs up for updated RMS weather trading system
Swiss Re Financial Products (SRFP) has licensed an updated weather risk trading system developed by Risk Management Solutions (RMS), the California-based technology and data firm.
DrKW names Harata new head of rates trading in Tokyo
Dresdner Kleinwort Wasserstein (DrKW) has hired Jun Harata as managing director and head of interest rate derivatives trading in Japan.
Credit Markets Update: Repsol spreads hit again over Argentina
The cost of protection on Spanish oil company Repsol YPF’s debt widened 50 basis points to 460bp/510bp today, in what traders described as a delayed market response to proposals last Thursday by the Argentine Commission of Energy to impose more…
BNP Paribas ready to launch Pacific Liberté $1.2 billion synthetic CLO
BNP Paribas is poised to launch a $1.2 billion, three-year synthetic balance sheet collateralised loan obligation (CLO) called Pacific Liberté, possibly as soon as this week or next, according to market sources.
Mizuho adds two to Tokyo equity derivatives trading team
Mizuho Securities has added two new hires to its equity derivatives trading team in Tokyo. Chea Srun joined from Dresdner Kleinwort Wasserstein and Nav Takhar from Toronto Dominion Bank. Both will work as traders.
ING shelves Spectra synthetic CDO, mulls Japanese synthetic
ING Barings has cancelled, or as one market source put it, “put on hold indefinitely,” its Spectra arbitrage synthetic collateralised debt obligation (CDO). It would have been the first arbitrage synthetic CDO managed by an Asian portfolio manager,…
Tokio Marine launches typhoon derivatives
Japan’s Tokio Marine & Fire Insurance has launched two new products it calls “typhoon derivatives” to hedge against typhoon-related losses in and around Japan.
BofA names Sandelman head of global equities
Banc of America Securities has named Jon Sandelman its head of global equities, a newly created position. He also becomes a member of the bank’s operating committee.
UBS poaches Taiwan derivatives expert from StanChart
UBS Warburg has hired Payling Lee to join its fixed income and derivatives sales group in Hong Kong as a director.
RiskMetrics launches CreditGrades
Credit tech
