News
Nymex to list catastrophe risk futures contracts
The New York Mercantile Exchange (Nymex) has announced that it will list three new financially settled catastrophe risk (CAT risk) index futures contracts.
CME launches hurricane index
The Chicago Mercantile Exchange (CME) is expanding its weather derivatives product range with the launch of CME-Carvill Hurricane Index futures and options on futures contracts.
LCH.Clearnet announces share repurchase
Clearing house LCH Clearnet has reached agreement in principle regarding the repurchase of the majority of the shares held by its largest shareholder, Euronext, a European cross-border exchange.
CME prepares to launch hurricane derivatives
The Chicago Mercantile Exchange (CME) will launch hurricane index futures and options on March 12.
JP Morgan hires retail structured products head
JP Morgan is making changes within its equity derivatives division in Asia, as part of a global reorganisation of its derivatives sales force, to create a retail-focused cross-asset-class group.
BoA does deal with Justice Department over municipal bonds
Bank of America, the second largest US bank, has signed a 'leniency agreement' with the US Department of Justice, in return for the bank’s co-operation with the department’s investigation into municipal derivatives.
Eurex to open hub in Dubai
Eurex, the world’s largest derivatives exchange, will open a trading hub in Dubai in April, subject to approval from the Dubai Financial Services Authority.
F&C poaches hedge fund specialists from London & Capital
London-based asset manager F&C has hired a team of four hedge fund specialists to launch a fixed income hedge fund within its alternative investments division.
Susan Schmidt Bies resigns
Susan Schmidt Bies has resigned as a member of the Board of Governors of the Federal Reserve System
BarCap structuring second collateralised forex deal
Barclays Capital is planning another bespoke collateralised foreign exchange obligation (CFXO), worth €20–€50 million, after closing its first at the end of 2006.
BarCap names EM equity head
Barclays Capital has named Nicholas Moreira as head of emerging markets equity derivatives trading.
Barclays Wealth hires new head of FX
Barclays Wealth, the wealth management arm of Barclays, has appointed Mireia Sitjas-Montaner in the new position of head of foreign exchange for the investment and product office.
Merrill Lynch launches volatility arbitrage index
Merrill Lynch has launched an equity volatility arbitrage index which seeks to cheaply replicate a popular hedge fund strategy.
Eurex unveils Russian equity derivatives
The European exchange Eurex is preparing to launch index and single-stock derivatives based on Russian underlyings.
Isda welcomes outcome of SG appeal
The International Swaps and Derivatives Association has publicly welcomed a decision by the US Second Circuit Court of Appeals, overturning a ruling that forced Société Générale to pay out on a contentious credit default swap (CDS) contract.