News
Head gas trader quits JPMorgan
The head natural gas trader for JPMorgan has resigned after being asked to leave the investment bank, sources close to the situation said Friday.
CO2 venture launches in US
Blue Source, a US-based company which invests in carbon reduction projects and supplies offsets, has teamed up with private equity firm First Reserve to create the first US venture to reduce CO2 emissions across the energy, manufacturing and…
First moves on diamond derivatives
UK-based diamond market data provider Polished Prices, with New York-based news service Bloomberg and three international banks, has published a discussion paper on developing a market for diamond derivatives.
GFI opens Singapore biofuel desk
Inter-dealer broker GFI has opened a physical biofuel broking desk in Singapore. The new desk is a response to the continued growth in global demand for green energy products, and will be overseen by experienced GFI broker Jeremy Searle.
Citigroup launches Islamic finance products in Singapore
Citigroup in Singapore has launched commodity murabaha investments denominated in the US dollar, euro, pound sterling and Singapore dollar, the first such products launched in the city state since the Monetary Authority of Singapore approved the sale of…
US options volume may break two billion in 2006
The Chicago-based Options Industry Council (OIC) has reported both total US options volume and average daily US options volume have increased by 36%.
LiquidityHub hires chief executive
Robert MacLeod has been made chief executive of London-based LiquidityHub, a venture that aims to electronically pool the fixed income liquidity of 11 investment banks.
Ken Sue joins HSBC as head of wealth management sales
Ken Sue, formerly managing director of global equity derivatives at Deutsche Bank in Hong Kong, has joined HSBC as head of wealth management sales for the Asian region.
Deutsche Bank plans new credit derivatives company
Deutsche Bank and Axa Investment Managers are setting up NewLands Financial, a Bermuda-based company that will start offering credit derivative products in February next year.
FSA starts monitoring banks’ management of collateral
The Financial Services Authority (FSA) has started investigating how large investment banks manage their collateral, fearing they may not be ready for a sudden market downturn.
Bank of America CFO quits over Sarbanes-Oxley
Alvaro de Molina will leave Bank of America early next year after resigning as chief financial officer.
Rist joins Fortis acquisition team
Chris Rist has joined the London-based acquisition and leveraged finance team of Benelux bank Fortis.
GFI: Motoring, telecom and financials are most active CDS
The motor industry, fixed-line communications and financial services were all heavily traded in the credit default swaps (CDS) market in November, according to New York-based interdealer broker GFI.
Montréal Exchange listing without offering in 2007
The Montréal Exchange has announced it will list its shares without an offering in March or April next year.