News
Global clearing head leaves Bear Stearns
Richard Lindsey, Bear Stearns’ co-president and head of global clearing services, is leaving at the end of the year.
UK financial firms face £1 billlion start-up bill for Mifid
UK-based financial services firms could face a £1 billion bill for implementing the Markets in Financial Instruments Directive (Mifid), the UK’s Financial Services Authority (FSA) estimates.
Hefes nominated to equalise Euronext board
French financier Sylvain Hefes has been nominated by Euronext to the future board of NYSE Euronext, to equalise the number of American and European directors.
Credit Suisse hires Toone
Credit Suisse has announced the appointment of Alex Toone as managing director and head of global metal sales for its alliance with Switzerland-based commodities trading group Glencore International.
RBS appoints emerging market rate head
The Royal Bank of Scotland has appointed Stephen Laughton to the new position of head of global emerging-market interest rate options and exotics.
Isda praises letter to Geithner on equity derivatives
The International Swaps and Derivatives Assocation (Isda) has said it “applauds and supports” a letter from 17 investment banks to Timothy Geithner, president of the Federal Reserve Bank of New York, which commits them to improving the efficiency of the…
BNP hires two from Wachovia in equities and derivatives
BNP Paribas has made two hires from Wachovia Securities for its equities and derivatives business in New York.
Confirmation keeps OTC trading costs high, survey finds
The growth of the exotic over-the-counter market and the increase in confirmation requirements mean that trading costs have stayed high, according to a survey conducted by the London-based market analysts Z/Yen.
Morgan Stanley hires new quantitative structured products head
Bernhard Scherer has joined Morgan Stanley Investment Management as global head of quantitative structured products.
SwapsWire launches equity derivatives give-up service
London-based electronic confirmation service SwapsWire today launched its PBWire service, which supports give-ups on equity derivatives trades. PBWire allows buy-side clients, executing brokers and prime brokers to communicate give-up details in real…
Credit market front-running needs tackling, says Broadman
Front-running in the credit derivatives markets needs to be tackled, said Bart Broadman, founder and head of Singapore-based hedge fund Alphadyne Asset Management. Speaking at the second annual Asia Risk conference in Hong Kong on Monday November 20, he…
Jones Lang LaSalle enters property derivatives market
US real estate company Jones Lang LaSalle has set up its own property derivatives team.
NewSmith appoints Tsang as partner
London-based NewSmith Financial Solutions, the debt-focused financial adviser, has hired Terence Tsang as a partner.