News
S&P predicts harder times ahead for European structured products
European structured products will come under ratings pressure in 2007, but there will be only a limited number of downgrades, according to rating agency Standard & Poor's (S&P).
EC launches new vision for energy policy
The European Commission has today proposed a new energy policy for Europe that focuses on fighting climate change and making Europe’s internal energy market more competitive.
Fimat and Calyon Financial in merger talks
Société Générale and Calyon have entered into exclusive negotiations regarding a possible merger of their brokerage activities, currently carried out by Fimat and Calyon Financial respectively.
Eurex appoints director of US office
Eurex, the Frankfurt-based derivatives exchange, has named Heike Eckert as director of its US representative office.
Saxo launches retail algorithmic trading tool
Saxo Bank, the Danish investment bank, will roll out an algorithmic trading product specifically designed for retail clients within the next three months.
Italian regulator to use CDS data
Interdealer broker GFI has started providing credit default swap (CDS) data to the Commissione Nazionale per le Società e la Borsa, the Italian securities market regulator (Consob)- possibly for market surveillance purposes.
JP Morgan to offer interest rate options via Bloomberg
JP Morgan will offer its clients the ability to trade over-the-counter interest rate options on Bloomberg's trading platform.
Highbridge Capital and Louis Dreyfus Group create partnership
Multi-strategy hedge fund Highbridge Capital Management and the Louis Dreyfus Group, a global commodities business, have joined to form a merchant energy partnership.
New Cargill subsidiary to develop ethanol plants
Newly formed company Emerald Renewable Energy has revealed plans to develop four 100-million gallon per year ethanol plants in the corn-belt area of the Midwestern US.
SG and Calyon announce brokerage merger intentions
Paris-based banks Calyon and Société Générale confirmed they plan to merge their futures and options brokering subsidiaries, Calyon Financial and Fimat.
Deutsche appoints group treasurers
Deutsche Bank has appointed Chris Whitman as group treasurer, replacing Detlef Bindert.
The role of the Federal Reserve Board
Chairman Ben Bernanke explains the functions of the Board and upcoming challenges
CEBS publish work programme for 2007
Pan-European committee also reflect on their progress in 2006
Ice expects to launch Nybot commodities by end of month
The Atlanta-based Intercontinental Exchange (Ice) has announced the New York Board of Trade’s (Nybot) main soft commodities contracts may launch electronically later this month.
US regulators outline rules on structured finance
Five US regulatory organisations have issued a statement of principles on dealing with the risks involved in complex structured financial products.
Calyon names head of Asian debt
Aaron Tan will be based in Hong Kong as head of debt capital markets for the Asia-Pacific region excluding Japan, Calyon announced today.