News
CME to launch new weather derivatives
The Chicago Mercantile Exchange (CME) is to expand its range of weather derivatives with the launch of its Weekly Weather Index futures and options, beginning April 2.
ICE announces new futures timeline
IntercontinentalExchange (ICE) has announced it will launch electronically traded New York Board of Trade (Nybot) financial futures contracts in April.
CME launches weekly weather derivatives
The Chicago Mercantile Exchange (CME) will launch futures and options on a weekly weather index of 18 US cities from April 2.
Deutsche Börse loses CFO and COO in restructuring
Deutsche Börse’s chief financial officer Matthias Hlubek and chief operating officer Matthias Ganz have resigned, as part of a restructuring that could see capital distributed to shareholders.
Credit quality improving in February, defaults delayed to 2008
Hawaii-based risk technology vendor Kamakura has reported a further drop in its monthly global index of troubled companies, signifying an improvement in global credit quality.
China sets up new unit to manage investment of reserves
The People’s Bank of China (PBOC) is setting up a new company or agency to handle the investment of a portion of the country’s huge foreign exchange reserves, but details have yet to be announced, according to Chinese press reports.
SuperDerivatives launches derivatives trading platform for hedge funds
London-based technology firm SuperDerivatives has launched an online multi-asset derivatives trading platform, designed for hedge funds.
RBS hires European ABS & CDO sales head
Steven Hulett has been appointed to the new position of European head of debt markets asset-backed security and collateralised debt obligation sales at Royal Bank of Scotland.
PwC report pans limits in risk management
Corporate risk managers are too focused on complying with regulations at the expense of helping their companies operate, according to a new report.
Swiss Re plans first flood bond issue
Reinsurer Swiss Re intends to issue the world’s first catastrophe bonds, giving investors exposure to flood risk, by the end of March.
Stock index futures in China aimed at H1 2007
China could start trading stock index futures in the first half of 2007, according to Fan Fuchun, vice-chairman of the China Securities Regulatory Commission.
Merrill Lynch International chairman moves to Hong Kong
Kevin Watts, the London-based chairman of Merrill Lynch’s international subsidiary, will move permanently to Hong Kong from April.
Hong Kong-listed derivatives on Chinese stocks
US bank Goldman Sachs has launched the first exchange traded fund (ETF) derivatives on Chinese stocks, to be listed on the Hong Kong stock exchange.