News
Iberdrola and Endesa hold first power auction
Utilities Iberdrola and Endesa have held Spain’s first power auction, awarding a total volume of 1.45 terawatt hours (TWh). This auction represents the fruits of efforts by the two Spanish utilities to develop a competitive Spanish power market and…
S&P launches Asia sharia index
Standard & Poor's today launched a sharia-compliant equity index covering nine Asian countries, and said that it planned more sharia indexes over the next 12 months.
BNP Paribas hires European securities lending head
BNP Paribas has appointed David Lonsdale to the newly created position of European head of securities lending, within its equities and derivatives business.
HKEx extends tech maintenance agreement with OMX for derivatives trading and clearing
Hong Kong Exchanges and Clearing (HKEx) has extended its partnership with exchange technology vendor OMX for the support and maintenance of its derivatives trading and clearing and settlement systems for another five years.
BarCap hires European fixed-income structuring head
Barclays Capital has hired Aurelia Lamorre-Cargill as head of European fixed-income structuring.
AXA launches active currency fund
After a year of preparation, AXA Investment Managers has entered the currency market with its first actively managed currency fund.
FOA launches UK power market initiative
The Futures and Options Association (FOA) has launched an initiative that aims to introduce a new design for wholesale UK power markets.
Amaranth trades “altered natural gas prices.”
Energy hedge fund Amaranth Advisors exploited legal loopholes and altered natural gas prices through “excessive speculation” before its 2006 implosion, a US senate investigation has found.
RBS hires to financial institutions securitisation
Royal Bank of Scotland (RBS) has hired Hubert Tissier de Mallerais as a managing director in its financial institutions securitisation team.
Credit Suisse makes fixed-income hires in Sydney
Credit Suisse has made three new hires to its fixed-income sales and coverage teams in Sydney for its Australian investment banking business, reflecting strong momentum in corporate sales and structured products, says the bank.
Deutsche Bank Securities appoints rates trading head
Tom Hartnett is joining Deutsche Bank Securities as head of core rates trading within the bank’s global rates business.
Ethanol in “hangover mode” as sector looks to restructure
The unbridled optimism which spurred the ethanol markets in 2006 has been replaced by fears over the sustainability of some corn-based projects, according analysts speaking at this week’s Renewable Energy Finance Forum in New York.
Mixed motives as ICE buys Canadian exchange
IntercontinentalExchange (ICE), the electronic energy and soft commodity bourse, has entered into an agreement to purchase Winnipeg Commodity Exchange (WCE), Canada’s main agricultural commodity futures and options exchange and home to the world’s…