News
Incentives needed to push SEPA implementation
Daily news headlines
No extension of Basel II deadline, says Indian reserve bank
Daily news headlines
ICE to acquire Chatham Energy Partners
IntercontinentalExchange (ICE) has agreed to acquire Chatham Energy Partners, a brokerage firm that specialises in structuring and facilitating transactions in the over-the-counter (OTC) markets for energy options
Credit rating agencies under scrutiny again
Daily news headlines
Apra to set capital requirement for banks
Daily news headlines
Two more Korean firms secure OTC derivatives licences
South Korean firms Dongbu Securities and Seoul Securities have received over-the-counter derivatives licences, the highest level of dealing licences in Korea, enabling them to issue equity-linked derivatives, securities and warrants.
Crude oil futures pass $80
West Texas Intermediate for October delivery closed at $80.09 a barrel in trading on the New York Mercantile Exchange Thursday, driven by continued concern about a report from the US Department of Energy showing that US crude inventory had fallen for the…
Citi hires oil trader in Singapore
Citi hired Craig Smyth in early September as an oil trader in Singapore, taking the US bank's commodities headcount in Asia to 14.
Dealers gain licences to trade HK property derivatives
Five dealers have secured licences to trade residential property derivatives based on the University of Hong Kong real estate index series (HKU-REIS). The firms – Deutsche Bank, Goldman Sachs, Lehman Brothers, Merrill Lynch and Morgan Stanley - join ABN…
RBC Capital Markets appoints research heads
RBC Capital Markets has hired Russell Jones as head of fixed income and currencies global research.
Online crime up 32%, says report
Daily news headlines
Carbon-trading log ready by November
The Kyoto Protocol’s international carbon-trading market is set for expansion, with the introduction of a worldwide transaction log by the end of the year. The International Transaction Log (ITL) will link the carbon registries for each Kyoto nation…
BNP rejigs global debt syndicate teams
BNP Paribas has made changes to its New York and London debt syndicate teams.
Crisis prompts calls for more EU rules
Daily news headlines
Ortner arrives at BarCap
William Ortner has joined Barclays Capital as New York-based head of equity product origination for the Americas. He will lead the firm’s equity-linked financing and corporate equity derivatives divisions and report to Craig Orchant, head of corporate…
SocGen creates new regional e-commerce role
Société Générale has added to its fixed-income, currencies and commodities e-commerce team, hiring a new regional head.
Weather derivatives help fulfil Millennium Promise
Reinsurer Swiss Re has structured a weather derivatives deal to help lessen the effects of drought on African farmers for the Millennium Promise Alliance (MPA), a charity that aims to end extreme poverty worldwide by 2025.
Olson and Goldshmidt join RBC in emerging markets
RBC Capital Markets has appointed Eric Olson and Ron Goldshmidt in emerging markets trading.
BNP Paribas appoints senior prop trader
BNP Paribas has appointed Edmund Shing as senior proprietary trader within its equities and derivatives business. Shing will run a sector-based proprietary book and will be based in Paris.