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UK insurers unprepared for new policy rules
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JPMorgan to expand commodity trading presence
JPMorgan plans to increase its global commodity trading staff by more than 30% within 12 months.
Macquarie and Nomura form commodity alliance
Macquarie Bank and Nomura Securities, a Japanese securities and investment banking company, have agreed to establish a business alliance in commodity derivatives, which will provide commodity derivative and commodity-based investor products to customers…
Belgian companies club together for op risk guide
Five Belgian financial services providers have partnered with PricewaterhouseCoopers to release a set of guidelines for measuring operational risk management.
S&P rolls out ABS performance tracker
Standard and Poor’s is the latest rating agency to enhance its collateralised debt obligation (CDO) surveillance, with a product designed specifically for the CDO investor.
ABN Amro launches emerging-market-linked products in Singapore
Dutch bank ABN Amro has launched zero-strike participation certificates to allow investors in Singapore to invest in emerging markets and focused themes.
Virgin Trains to use biofuel
Greenergy Fuels, the UK’s leading independent fuels supplier, will partner with Virgin Trains to supply up to 27,000 litres per week of a new B20 biofuel blend, which contains 20 per cent biodiesel and is designed for trains.
CCFE launches clean energy index
The Chicago Climate Futures Exchange (CCFE), a wholly-owned subsidiary of Chicago Climate Exchange (CCX), announced today that it will launch a futures contract based on WilderHill Clean Energy Index (ECO) on July 13.
Nymex to join ConfirmHub
Nymex Holdings has executed a letter of intent to join other market players in support of the ConfirmHub standard, which allows energy traders and back offices to receive their Nymex brokered and bilateral over-the-counter cleared trades, as well as…
FSA grants CME right to provide clearing in UK
The UK’s Financial Services Authority (FSA) has granted the Chicago Mercantile Exchange (CME) the status of a recognised overseas clearing house (ROCH), enabling the exchange to provide global clearing services to market participants in the UK.
HSBC plans record-breaking SIV
HSBC has launched the largest ever structured investment vehicle (SIV) launch, with an initial portfolio of over $6 billion, called Asscher Finance.
Deutsche Bank expands integrated investment solutions team in New York
Deutsche Bank Securities has expanded the integrated investment solutions group within its global markets division, with the appointments of Phil Li as a director, and Robert Painter and Guillermo MacLean as vice-presidents.
Deutsche tests liquidity with €2.2 billion synthetic trade
Deutsche Bank has executed a €2.2 billion collateralised debt obligation (CDO) trade, which assumes the risk of a portfolio of synthetic products managed by UniCredit Group (HVB).
Deutsche rejigs global markets roles
Deutsche Bank has appointed Wolfgang Matis as head of global markets for its trading and structuring division in Europe.
IMEX poaches chief executive from GFI
International Mercantile Exchange Holdings (IMEX), the Doha-based company that grew out of the Gulf Energy investment fund, has announced the appointment of Steven McMillan as its chief executive.
EDF Trading builds its natural gas business in Spain
EDF Trading, the subsidiary of French utility EDF, responsible for wholesale energy market activity, has been granted a licence to trade physical natural gas in Spain and plans to start delivery of physical gas to market counterparties later this year.