News
Source offers European ETF investors access to volatility
Source has brought exposure to volatility to the European market through an ETF based on the S&P 500 Vix Futures Index
Vanguard expands ETF offering with products on equities, fixed income and property
US ETF company Vanguard has increased its business with products on US equity benchmarks, real estate and bonds
Gold ETFs hit new highs as currency fears proliferate
In flows to gold reached record highs over the last two months as investors move their asset allocation from currencies such as the Euro into physical gold
Gazprom quashes fears over Georgia pipeline stake
Russia’s energy giant Gazprom shoots down fears that it is looking to acquire or has acquired a significant stake in Georgia’s main natural gas pipeline and says it is only hypothetically interested in an acquisition
Industry remains divided over case for EU consolidated tape
EU proposals for fixing the market fragmentation that resulted from the implementation of MIFID has the industry concerned
Daiwa buys KBC's Asian equity derivatives and global convertible bonds operations
Daiwa Capital Markets has extended its move into structured products with the acquisition of KBC Group's Asian equity derivatives business
BarCap expands data cost control tools
With an eye to keeping market data costs under control, following its acquisition of Lehman Brothers, Barclays Capital launches a new tool
NY Fed attacks article on AIG debacle
New York Fed general counsel Thomas Baxter takes issue with New York Times article which says Fed ignored advice from advisers on AIG counterparty CDS issue
Deutsche Bank issues leveraged fixed-income ETNs
Deutsche Bank joins forces with Invesco PowerShares to offer fixed-income ETNs for US investors
Events force IEA to recalibrate oil assessment methods
The International Energy Agency says game changing events including sovereign debt issues, China’s oil demand and the BP Gulf of Mexico oil spill have forced it to revise the way it assesses oil markets
Rory Tobin parts company with iShares
iShares International chief executive Rory Tobin has left the firm
Aussie insurers face new risk-based capital requirements
New explicit requirement for operational risk capital proposed for life and general insurance firms in Australia.
Deutsche lists 10 exchange-traded commodities on the LSE
Deutsche Bank has listed 10 new exchange-traded commodities on the London Stock Exchange to complement the 19 it issued earlier this year in Frankfurt
China Merchants upgrades systems amid global derivatives push
China Merchants Securities has upgraded its risk management systems ahead of planned international expansion and efforts to offer more derivatives, exchange-traded funds and warrants services
HKMA issues incident response and management procedures
HKMA reminds firms of their requirements in response to incidents affecting customers
Erste lists first turbos on Romanian exchange
Erste Group Bank AG issued nine individual certificates on to the Bucharest Stock Exchange as it joins the Romanian market.
Sampension moves to intentional guarantees
Copenhagen fund agrees to move to intentional guarantees to avoid Solvency II charges
ING warns of ‘dramatic divergence’ in interest rates if euro fails
Widely diverging interest rates could occur if EMU is dissolved, warns Dutch insurer
QIS 5 specifications add complexity
Insurers face greater complexity under EC's final QIS 5 specifications