News
US-China commission warns of fraud risk
Daily news headlines
Sky Road Power Platform Launched
Software solutions provider Sky Road has launched the Sky Road Power Platform, providing access to all pricing points in the PJM Interconnection, New England, New York, and Midwest Independent System Operator (ISO) /Regional Transmission Organization …
Project Rainbow to rival European exchanges
A new trading platform - dubbed Project Rainbow - is being developed by a consortium of major derivatives trading houses to compete with Europe’s exchanges, according to a source at a large European bank.
RBC in equity and mutual funds expansion
Franck Morotti has joined RBC Capital Markets as head of equity structured product trading for Europe. The appointment is the first in a series of hires marking the company’s expansion both in equity and mutual fund derivatives.
Investigators step up pressure on rating agencies
Criminal investigators and regulators in the US have increased the pressure on credit rating agencies, saying they were "central" to the subprime crisis.
FSA focuses on priority risks for 2008
Daily news headlines
SEC and EU start mutual recognition talks on exchange trading
Daily news headlines
SSY freight screen links to NOS for clearing
Shipbroker SSY has added a direct link to NOS clearing for clients of is freight derivatives trading platform, run in conjunction with globalCOAL.
BoA institutional equities sales head leaves
Dean Curnutt, New York-based head of institutional equity derivatives sales at Bank of America, has left the bank.
CME faces competition questions from DOJ
The US Department of Justice (DOJ) has questioned the Chicago Mercantile Exchange's vertical structure, and whether it creates an anti-competitive marketplace. A DOJ letter, dated January 31 and addressed to the US Department of Treasury, argued that the…
Lagarde: SocGen losses due to poor op risk
Daily news headlines
Bank of America and Climate Exchange call off joint venture
Bank of America and Climate Exchange, parent company of the Chicago Climate Exchange and European Climate Exchange, have scrapped plans for a formal joint venture.
S&P promises reforms as regulators ponder ratings oversight
Rating agency Standard & Poor's has revealed a list of planned changes aimed at preventing conflicts of interest and restoring confidence in its ratings, as an international regulators' conference suggested tighter restrictions on rating agencies.
Ex-quant replaces Nagioff as Lehman fixed-income chief
Andrew Morton has been named Lehman Brothers’ new global head of fixed income, following the announcement of Roger Nagioff’s departure on February 5. Nagioff became Lehman’s first global head to be posted outside the US in May 2007.
Fraud in the UK hits twelve year high
Daily news headlines
Surprise over "severe" Fitch CDO cuts
Fitch Ratings has outlined possible changes to its approach to rating collateralised debt obligations (CDOs), with downgrades potentially far deeper than the market expected.
EEX and Eurex to launch CER futures in March
The carbon trading cooperation between European Energy Exchange (EEX) and Eurex will expand further with the imminent launch of futures contracts for certified emissions reduction (CER) credits.
CME/Nymex defend clearing operations
Exchanges defend vertically integrated clearing in face of increasing scrutiny over merger proposals
Moody’s: transparency will drive CDO investor comeback
The European collateralised debt obligation (CDO) market's ability to offer transparency to investors will determine the speed of their return to the sector, said Moody’s Investors Service.
Risk linked with Asian banks ‘mispriced’, says RBS
The credit risk associated with Asian banks is being mispriced by the financial markets and the region’s relatively stronger credit outlook, compared with Europe and the US, makes bank debt potentially an attractive investment opportunity, according to…