News
Trayport to link to Nymex and Comex
Trayport has announced a deal to link its Trading Gateway system to the CME's Globex platform and ClearPort clearing system, providing users with access to Nymex and Comex energy and metals products.
Deutsche hires new equity derivatives head
Deutsche Bank Securities has appointed Dushyant Chadha as head of equity derivatives in North America, within the bank's global markets division.
US Fed's director of banking supervision to retire
Roger Cole, the director of banking supervision and regulation at the Federal Reserve Board of Governors, will retire on August 1 after 30 years at the regulator.
CDS spreads steady on US and European financials
Market sentiment remained steady towards major financials in Asian and European trading today.
Geithner: US Treasury 'will not cap pay'
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Basel Committee extends membership to G-20
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Sifma addresses executive compensation
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Credit crisis did not start until October 2008, Fed research finds
New research from the US Federal Reserve Bank in St Louis, Missouri, has found US banks did not begin to cut credit significantly until the last few months of last year, more than 12 months after the generally recognised start of the financial crisis.
Allegro launches FERC reporting component
Allegro has launched the latest advancement of its Allegro 8 platform, FERC Connect 8.1, which automates the process for extracting, compiling and reporting information required for the natural gas and power markets.
Constellation appeals nuclear joint venture finding
Constellation Energy has announced plans to appeal the Maryland Public Service Commission's (PSC) decision to require a pre-approval process for its pending nuclear joint venture with EDF Group.
GFI EnergyMatch adds dry freight FFAs
Interdealer broker GFI Group has introduced cleared over-the-counter (OTC) dry freight Forward Freight Agreements (FFAs) on to its European trading platform EnergyMatch Europe.
Peter Bernstein dies aged 90
US economist and financial historian Peter Bernstein, a well-known promulgator of the efficient market theory, died on June 5.
CDS spreads on European financials widen
The cost of credit protection on European banks rose today, while sentiment continued to improve towards major US financials, 10 of which have committed to repay $68 billion of government loans.
US stress tests: 'serious concerns remain' warns Congress
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Isda chief addresses House on OTC derivatives
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US Wrap: RBC turns Japanese on long-term note
Royal Bank of Canada has launched a new principal protected note linked to three indexes, including the Nikkei 225 Japanese equity benchmark. The structure lasts six-and-a-half years and also links to the S&P 500 and Dow Jones Euro Stoxx, with equal…
Lobby urges Geithner to delay consolidation rules
The US Financial Accounting Standards Board (FASB) is facing resistance to its plans to force banks to account for their links to off-balance-sheet vehicles, which could require them to raise billions more in Tier I capital.
US Congress: Banks may need more stress tests
A Congressional report into the stress tests imposed by the US Treasury on leading US banks earlier this year has warned that the stress scenarios used might have been too mild, and that the tests may have to be repeated later this year.
LCH.Clearnet to clear for HKMEx
Hong Kong Mercantile Exchange (HKMEx) has recruited clearing house LCH.Clearnet to provide a clearing service for its participants, subject to regulatory approval.
CDS spreads tighten on Tarp repayment promises
Sentiment continued to improve towards US financials today as several major dealers committed to repay loans made by the US government under the Troubled Assets Relief Programme (Tarp).
EU consults on Sepa migration deadlines
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US Wrap: Gas and gold in reverse convertibles
Barclays Bank has issued a reverse convertible note offering exposure to the US Natural Gas Fund, which tracks the movements of natural gas prices. The note lasts one year and pays an annualised coupon of 20%. It will convert into stock if the fund slips…
Deloitte survey finds risk management weaknesses
Despite the credit crisis, financial institutions are still showing risk management weaknesses in areas such as stress testing and model validation, according to an annual risk management survey conducted by Deloitte.
Accumulator activity boosted by increase in implied volatility
Over HK$1 billion ($129 million) of accumulator products was traded on Wednesday June 3 in Hong Kong, the largest single-day volume for more than 18 months, say dealers.