News
Reuters unveils risk management system for hedge funds
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LME to launch steel futures in 2008, DGCX steel launch delayed
The London Metal Exchange (LME) will commence futures trading in steel billet in April 2008. There will be two separate regional contracts, defined by the LME as for the Near East and Far East respectively
Inspectors find Vietnamese central bank guilty for Incombank losses
The State Bank of Vietnam was to blame for $5.4 million in foreign exchange trading losses at the state-run Industrial and Commercial Bank of Vietnam (Incombank) last year, according to local government inspectors.
ICE takes over Russell Index futures contracts
The Intercontinental Exchange (ICE) has won exclusive rights to derivatives on the Russell series of equity indexes. The deal could give the exchange the edge in the continuing takeover battle over the Chicago Board of Trade.
Johannesburg launches currency futures
The Johannesburg Stock Exchange (JSE) has launched the first in a series of currency futures contracts. The rand/US dollar futures started trading yesterday on Yield-X, JSE's interest rate exchange.
Global asset managers struggling with Mifid preparations
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CEBS consultation on commodities businesses reveals risk areas
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Basel II forces more hedge-fund transparency in Japan
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New equity derivatives head leaves Credit Suisse
Jerome Drean, Credit Suisse’s London-based head of European equity derivatives trading, has left the bank.
JP Morgan breaks up currencies and commodities group
JP Morgan is to separate its currencies and commodities businesses.
Legal & General makes two senior hires in fixed income
London-based Legal & General Investment Management (L&G IM) has made two senior appointments to its active fixed-income team.
Banks Face Increasing Pressure from the FSA over anti-fraud policies
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FSA warns non-ISD firms to check if they fall under Mifid and CRD
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HKMA issues open letter for compliance with SFO
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Nymex reportedly in sale talks
The New York Mercantile Exchange (Nymex), the world's leading energy exchange, is reportedly in talks regarding a possible sale to NYSE Euronext, Deutsche Boerse AG or Chicago Mercantile Exchange Holdings Inc.
CME raises bid for CBOT after lawsuit threat
The Chicago Mercantile Exchange (CME) sweetened its bid for its rival exchange, the Chicago Board of Trade (CBOT), yesterday.
Man launches second retail guaranteed fund in Hong Kong
Man Investments, one of the biggest hedge fund managers in the world, will launch a second Hong Kong regulator-authorised futures and options product with a guarantee feature. The offer period is from June 18 to July 16.
Ventyx acquires Global Energy Decisions
Ventyx, a service delivery management solution provider, today announced that it has acquired Global Energy Decisions, a provider of integrated software, data and advisory services to the utility industry, from private equity firm Quadrangle Group.