News
Nymex to launch first uranium futures contract
The New York Mercantile Exchange (Nymex) will begin trading the first uranium futures contract on May 7.
Citi acquires Old Lane and new head of alternative investments
Citi has bought US hedge fund Old Lane Partners and appointed one of its founders, Vikram Pandit, as chief executive of Citigroup Alternative Investments (CAI). Pandit’s co-founder John Havens will also join CAI as president.
ISE foreign exchange options go live
Four foreign exchange options contracts began trading on the New York-based International Securities Exchange (ISE) this morning.
Domestic banks continue to dominate Spanish market
The Spanish derivatives market remains dominated by local banks, with Banco Bilbao Vizcaya Argentaria (BBVA) topping Risk España's annual rankings for the third year running.
CFTC chairman to leave for State Department
Reuben Jeffery, the chairman of the US Commodity Futures Trading Commission (CFTC), is expected to leave the futures regulator, after being nominated by US President George Bush as undersecretary of state for economic, energy and agricultural affairs…
Survey reveals major energy buyers’ views and strategies
A pan-European price forecasting survey of 100 major energy users has revealed that only two fifths of respondents had a risk management policy - seen as essential when developing an energy procurement strategy.
Nordea leads the field in Nordic rankings
Swedish banking group Nordea has topped Risk's 2007 rankings for the Nordic region, narrowly beating Denmark's Danske Bank in the interest rate derivatives category.
Icap launches e-trading of securities and extends FX forwards
Interdealer broker Icap today went live with i-Sec, an electronic platform for securities lending launched with four participating banks.
Storm Exchange launches electronic weather exchange
Storm Exchange, a financial technology company that helps corporations to reduce the financial impact of unplanned weather on earnings, has unveiled an electronic weather exchange based on 500 proprietary, industry-specific weather indices.
GM&T and Soteg sign power plant agreement
London-based Gazprom Marketing and Trading (GM&T), and Soteg, the main supplier of natural gas and electricity in Luxembourg, have signed a Memorandum of Understanding to form a joint venture for the construction of a combined cycle gas turbine plant in…
Swiss Re closes European Clean Energy Fund
Global reinsurer Swiss Re has announced the successful close of the European Clean Energy Fund, one of the largest funds of this type in Europe.
Renaissance Capital continues derivatives expansion
Moscow-based investment bank Renaissance Capital has hired seven senior staff for its rapidly expanding derivatives, debt and fixed-income teams.
Axa CDO managers resign
Two of Axa Investment Management's top investment-grade collateralised debt obligation (CDO) managers have resigned.
Citi's risk management goup to be trimmed
Some risk management roles will be lost as part of Citi’s streamlining announced this week.
Bertrand des Pallieres leaves Deutsche Bank
Bertrand des Pallieres, Deutsche Bank's co-head of structured credit, has left the bank.
S&P and Icap to collaborate on end-of-day valuations
Data provider Standard & Poor’s (S&P) Securities Evaluations has started including interdealer broker Icap’s end-of-day mark-to-market data to help clients value multi-asset class derivatives instruments.