News
US commercial property derivatives to launch in next two months
The first US commercial property derivatives will launch by May this year, following the National Council of Real Estate Investment Fiduciaries' (NCREIF) licensing of four investment banks to use NPI, its US property index.
Citi opens prime brokerage office in Singapore
Citigroup has opened a prime brokerage office in Singapore. The US dealer says the move underlines its commitment to Singapore and the growing importance and growth of the Singapore hedge fund industry.
AIG launches emerging markets FX indexes
Connecticut-based AIG Financial Products has created a family of emerging markets foreign exchange indexes. Launched yesterday, the AIG-EMFXI indexes provide exposure to three-month over-the-counter forwards contracts on 20 emerging market (EM)…
DME receives approvals from Singapore, Japan regulators
The Dubai Mercantile Exchange (DME) has received its first approvals from overseas regulators in Singapore and Japan, ahead of its launch in May.
TSX and ISE to set up new Canadian derivatives exchange
Toronto Stock Exchange operator TSX Group and the New York-based International Securities Exchange (ISE) will jointly launch a new Canadian derivatives exchange in 2009.
Moody's methodology change sparks controversy
The first effects of Moody's widespread re-rating of European financial credits caused widespread consternation at the end of last month, apparently influencing credit market pricing and demand for basket credit derivatives trades.
NYSE struggles to implement Reg NMS on time
The New York Stock Exchange (NYSE) has failed to fully comply with the trading phase of Regulation National Market System (Reg NMS), which came into force yesterday.
Fed examining subprime ARMs
US banks may have sold subprime mortgages to borrowers unable ever to repay them, according to the US Federal Reserve.
Working group to set up diamond derivatives
After a meeting with the International Swaps and Derivatives Association, UK-based cut diamond market data provider Polished Prices is putting together a working group aimed at creating a market in diamond derivatives.
Tokyo hit hard by US sell-off
The Tokyo Stock Exchange suspended trading of its Topix Index futures for 15 minutes on Wednesday morning, to slow down the panic selling of stocks after the previous night’s sell-off in New York.
Deutsche hires to expand prime brokerage
Deutsche Bank has appointed Jeff Dorman as head of global prime finance in North America, replacing Mark Haas who has been promoted to the new position of head of business development for global prime finance.
Middle East property boom boosts Islamic bonds
The growth in real estate development across parts of the Middle East is giving rise to a number of Islamic bonds securitising these assets - and foreign investors can't get enough of them
