News
Senate rejects proposed crackdown on hedge fund registration
The US senate has rejected a proposed amendment that would have required most hedge funds to register with the Securities and Exchange Commission (SEC).
RBS hires head of financial institutions securitisation
Lee Rochford has been taken on by Royal Bank of Scotland (RBS) as a managing director within its financial institutions securitisation team.
Ice announces bid to merge with CBOT
The Atlanta-based Intercontinental Exchange (Ice) is bidding to merge with the Chicago Board of Trade (CBOT), in an all-share deal valuing the Chicago exchange at $9.9 billion.
Merc and Hong Kong move on China index futures
The Chicago Mercantile Exchange (CME) will launch a US dollar-denominated futures contract based on the FTSE/Xinhua China 25 index on May 20, CME executives said in Hong Kong on Wednesday.
Nybot financial futures to launch electronically in April
The New York Board of Trade’s (Nybot) financial futures contracts will be rolled out electronically during April, according to its parent company, the Atlanta-based Intercontinental Exchange (Ice).
First post-2012 EUA trade brokered
Emissions broker Evolution Markets has brokered the first trade of European Union Emissions Trading Scheme (EU ETS) emissions allowances (EUAs) for delivery post-2012
Powernext to launch spot contract for CERs
French energy exchange Powernext and financial institution Caisse des Dépôts are working together to launch the first exchange-traded spot contract for certified emissions reduction (CER) credits
Bear Stearns appoints co-head of prime brokerage for expansion
New York-based bank Bear Stearns has promoted Leonard Feder to co-head of prime brokerage to work with Louis Lebedin, who was appointed co-head in June last year.
GFI expands freight coverage to South Africa
New York-based interdealer broker GFI has opened an office in Cape Town and relocated its global head of dry freight Dorian Benson there.
JP Morgan launches first public international longevity index
Investment bank JP Morgan yesterday launched the first publicly available international index to trade longevity risk, in a bid to lead the development of a derivatives market.
Lehman buys 20% of DE Shaw
Lehman Brothers has purchased a 20% stake in DE Shaw group, a $29 billion New York-based hedge fund. The deal, which closed on March 12, involves an up-front payment and future performance-based payments.
Point Carbon survey shows EU ETS ‘significantly’ reducing emissions
Global carbon markets in 2006 saw transactions of 1.6 billion tonnes of carbon dioxide equivalent (CO 2 e) worth €22.5 billion, according to environmental market analyst and information provider Point Carbon, who has just completed a survey of the carbon…
CO2e.com and Cantor Environmental Brokerage join forces
Carbon broker CO2e.com and Cantor Environmental Brokerage announced today that they are joining forces to create CantorCO2e
Exclusive – Gore calls for 2010 climate change treaty
Former US vice-president, Al Gore, today called for a new climate change treaty, which would bring the US and China on board, to come into force at the start of 2010
RWE npower plans £1bn clean coal power station in UK
RWE npower today set out plans for a 1,600 megawatt (MW) clean coal power station to replace its existing coal-fired station in Tilbury, Essex, UK
Constellation Energy to acquire Progress contracts
Constellation Energy is to acquire power and gas contracts from Progress Ventures, a subsidiary of North Carolina-based Progress Energy.
CQS to launch Asian volatility fund
CQS, the London-based hedge fund manager with €4.5 billion under management, is preparing to launch the CQS Asia Fund. The fund, to be managed by Jean-Christophe Blanc, will go live in the coming weeks. CQS is seeking to raise $250-$350 million, and will…
CME to launch new weather derivatives
The Chicago Mercantile Exchange (CME) is to expand its range of weather derivatives with the launch of its Weekly Weather Index futures and options, beginning April 2.