News
ICE and CBOE reach $665m agreement over CBOE exercise rights
IntercontinentalExchange (ICE) has reached an agreement with the Chicago Board Options Exchange (CBOE) to pay full members of the Chicago Board of Trade (CBOT) compensation for the loss of CBOE exercise rights they would experience, should CBOT merge…
Nymex considers lawsuit against Optionable
The New York Mercantile Exchange (Nymex) may take legal action against Valhalla, NY-based brokerage firm Optionable, the exchange’s chief executive officer James Newsome announced this week.
Icap Electronic Broking appoints John Nixon as CEO
Interdealer broker Icap has appointed John Nixon as chief executive of its electronic broking division (IEB).
BarCap launches buy-write ETN
Barclays Capital has created a new iPath exchange-traded note (ETN) linked to the Chicago Board Options Exchange (CBOE) S&P 500 BuyWrite Index.
Merrill Lynch reorganises leadership
Gregory Fleming and Ahmass Fakahany, the two newly appointed co-presidents of Merrill Lynch, have begun their tenures by shaking up senior management beneath them.
Markit estimates first-day volume of $11 billion on LCDX
The LCDX index of North American loan credit default swaps (LCDS) saw trades totalling over $11 billion notional during its debut on May 22, according to London-based data provider Markit.
JP Morgan establishes alternative energy group
Investment bank JP Morgan has established an alternative energy investment banking group, bolstering its efforts to capitalize on the current growth of environmentally friendly technologies.
Deutsche Bank launches dbARB
Deutsche Bank has followed in the footsteps of Merrill Lynch and Goldman Sachs with the launch of its own hedge fund replicating index, the db Absolute Return Beta index (dbARB).
Nymex considers lawsuit against Optionable
The New York Mercantile Exchange (Nymex) may take legal action against Valhalla, NY-based brokerage firm Optionable, the exchange’s chief executive officer James Newsome announced this week.
Markit launches ABCDS spread service
London-based data provider Markit has begun a daily service providing fair-value spreads for credit default swaps (CDS), referenced to certain asset-backed securities (ABS) in North America.
EDF Trading hires Jasvinder Badyal as senior derivatives trader
EDF Trading, the wholesale energy trading subsidiary of EDF, has appointed Jasvinder Badyal as a senior derivatives trader in its structured derivatives and pricing group.
Deutsche Bank hires Miranda to push into EM prime broking
Deutsche Bank Securities has appointed Luciana Miranda as a managing director in the fixed-income prime brokerage group, within the bank's global markets division.
EIB expands fundraising with two new bonds
The European Investment Bank (EIB), the multi-government-owned financing arm of the European Union, has launched two new bonds, a multinational environmental bond and its first rouble-denominated issue.