News
Electronic trading resumes at CBOE
Electronic trading resumed on Monday on the Chicago Board Options Exchange (CBOE), after a technical fault caused its electronic platform to shut down on Friday morning (November 10).
Oman implements historic change to pricing of crude oil
In an historic move which could have wide-ranging implications for crude oil trading in Asia, Oman has announced it will price its crude on the settlement price of trading at the Dubai Mercantile Exchange (DME).
Puth quits JP Morgan
David Puth, head of global currencies and commodities at JP Morgan, has quit the US investment bank. Senior executives at JP Morgan said they were "very surprised" by his departure.
LME mini contract launch postponed
The London Metal Exchange is postponing the launch of its new miniature copper, aluminium and zinc contracts for two weeks.
Dresdner Kleinwort names new head of equity and credit derivatives
Mark Richardson has joined Dresdner Kleinwort in London as head of equity and credit derivatives.
Progressive, Centrica team up in clean coal project
Progressive Energy, a clean coal project developer, is to team up with UK-headquartered utility Centrica to develop an advanced clean coal project in the UK.
GFI joins ConfirmHub
ConfirmHub has announced the addition of GFI to its group of broker members, which already includes Amerex, ICAP and Tullett Prebon. New York-based GFI is a leading inter-dealer broker that specialises in over-the-counter derivatives.
LogicaCMG’s Prodis chosen for Aldbrough gas storage facility
LogicaCMG, an IT services company, has secured a contract with Statoil and SSE Hornsea to provide its Prodis software to manage the commercial operations of the UK’s largest onshore gas storage facility, Aldbrough.
El Paso expands 2007 hedge program
El Paso Corporation, one of North America’s largest independent natural gas producers, has announced that it has restructured and expanded the hedge program that supports its natural gas production for 2007.
Industry opposes transparency rules in non-share markets
The European Commission (EC) doesn't need to act to improve transparency in financial markets, a poll of industry members found.
Spectron snares global weather head from Icap
London-based energy broker Spectron Group has hired Mike Scharfenberger as its global head of weather.
GFI and CB Richard Ellis group in US real estate derivatives venture
New York-based interdealer broker GFI Group and Houston-based CBRE Melody, the mortgage brokerage subsidiary of CB Richard Ellis Group, have launched a joint venture to develop a market for US real estate derivatives.
Municipality Finance issues Finnish inflation-linked bond
Finland-based public sector credit institution Municipality Finance has launched a Finnish inflation-linked bond.
EU markets are at a historic high, says EU commissioner
The EU is ahead of the US with many financial products.