News
UK consumer watchdog approves NYSE/Euronext tie-up
The UK’s Office of Fair Trading (OFT) has cleared the merger between the New York Stock Exchange (NYSE) and the European exchange operator Euronext.
Fortis' operational risk head becomes chief risk officer
Frédéric Matterne, Fortis' former head of operational risk, has become chief risk officer of Fortis Commercial and Private Banking.
UK businesses unprepared for hedging changes
Medium-sized UK companies are unprepared for forthcoming rule changes on accounting standards that require more rigorous reporting of foreign exchange exposure, according to FX specialist HiFX.
Dark Pools, Clear Results
As the markets continue to fragment, firms are looking to algorithms to help them seek out dark pools of liquidity.
DME reveals trading platform details
Energy futures exchange the Dubai Mercantile Exchange (DME), due to launch in the fourth quarter of this year, has unveiled details of its trading platform.
New Nordic exchange combines OMX feeds
Swedish exchange group and technology provider OMX has combined the market data from three of its subsidiaries, the Copenhagen, Stockholm and Helsinki exchanges, creating a single feed of Nordic market data, officials announced last week.
Berry leaves Société Générale for BarCap
David Berry is leaving his job as global head of commercial market data at French bank Société Générale for a post at Barclays Capital.
SG names new Orbeo emissions joint venture with Rhodia
Paris-based bank Société Générale (SG) has released more details of its emissions trading joint venture with the French chemicals giant Rhodia, including the new company's name - Orbeo.
RiskBusiness appoints new executive director
RiskBusiness, the London-based operational risk advisory firm, has hired Rick Cech as chief executive for the Americas.
Schroders' head of group risk moves to BGI
David Ridgway, head of group risk at Schroders in London, will leave the firm in mid-October to take a new post with Barclays Global Investors.
Bank of China becomes CLS Group shareholder
Bank of China (BoC) has become the first Chinese bank with a shareholding in settlement provider CLS Group.
Greenwich: European institutions keen on alternatives
European institutions are to shift more money into private equity and hedge funds, according to a report released by Connecticut-based financial research firm Greenwich Associates.
Basel Core Principles changed to reflect need for international co-operation
The 1997 core principles have been updated to reflect the need for international convergence and sound financial risk practices.
Banking supervisors endorse new Basel Core Principles
International banking regulators, meeting in Mexico, have endorsed 25 updated Basel core principles for effective banking supervision.
Deutsche and UBS top Asia Risk’s derivatives house awards
Deutsche Bank and UBS have won Asia Risk’s top derivatives awards for 2006, with the German bank sweeping two top-house awards – one for Asia ex-Japan and one for Japan – and the Swiss bank winning the award for derivatives house of the year for…
BarCap begins online book-building for structured products
Barclays Capital has launched online book-building on equity structured note issues.