News
Derivative Fitch outlines views on collateralised FX obligations
Derivative Fitch has published its considerations for analysing and rating collateralised foreign exchange obligations (CFXOs). The CFXO report, the first to be published by a rating agency, details the structure of the product, the principal risks and…
Nymex to offer uranium futures contracts
The New York Mercantile Exchange (Nymex) has signed a 10 year agreement with Ux Consulting Company, a uranium pricing index and information provider, to introduce on and off-exchange traded uranium futures products. The contracts will be listed on the…
Fitch: fewer downgrades for European managed synthetics
European managed synthetic collateralised debt obligations (CDO) tranches have historically suffered fewer downgrades than their static counterparts, according to data produced by rating agency Derivative Fitch.
New chairman for DTCC
Donald Donahue has been named as the next chairman of the New York-based Depository Trust and Clearing Corporation (DTCC), replacing Jill Considine.
Markit hires Cameron to head indexes and equities
Niall Cameron has joined pricing information provider Markit in London as executive vice-president in charge of the index management and equities businesses.
CME plans debt index derivatives
The Chicago Mercantile Exchange (CME) will launch futures and options based on Lehman Brothers' index of US investment-grade debt later this year.
Isda to publish rules for European loan derivatives
The International Swaps and Derivatives Association will publish an industry-wide standard contract for trading loan derivatives in Europe by the end of May, according to David Geen, Isda’s European general counsel in London.
Paternoster leads bulk purchase buyouts
Paternoster, the London-based bulk purchase vehicle, is leading the surge in voluntary bulk buyouts of corporates’ pension schemes, a year on from the launch of these vehicles.
Trading Technologies launches gateway to Singapore Exchange, opens new Asia HQ
Trading Technologies (TT) has launched its new Singapore Exchange (SGX) gateway, the exchange connectivity software vendor’s first connection to the Asian financial markets, and moved into new Singapore offices.
E-On reaches asset agreement with Enel/Acciona over Endesa bid
German energy utility E.On has withdrawn its bid for Spanish utility Endesa. The decision was taken after E.On reached agreement with rival joint-bidders Enel, an Italian utility, and Acciona, a Spanish construction and services company, to acquire some…
Coral to acquire Avista
Coral Energy, a subsidiary of Shell Trading, has agreed to acquire all operating assets of Avista Energy, the energy marketing and trading subsidiary of Avista Corporation.
Italians win Yukos auction – for Gazprom
EniNeftegaz , a Russian joint-venture between Italian companies Eni (with a 60% stake) and Enel (with a 40% stake) is the second winner in a round of auctions selling off the assets of Russian oil giant Yukos.
China has top growth potential for Asian wealth, says BarCap
China is viewed as having the highest growth potential of any wealth management market in Asia during the next two years, followed by India, according to Barclays Capital’s annual industry survey, published on April 23.
Icap appoints new risk head
Herve Geny has joined interdealer broker Icap as global head of risk.
ISDA AGM: Credit support agreements grow
The number of credit support agreements between parties trading over the counter derivatives contracts grew 21% to 133,193 since last year, according to the International Swaps and Derivatives Association’s margin survey, previewed last week at its…
FSA to reward good "principles-based" practice
Firms seen by the UK Financial Services Authority as being “well-controlled and managed” in terms of its regulatory processes could potentially see lower capital requirements and supervision as a result of adopting principles-based regulation.