News
In the frame
Seven of the industry's top op risk executives debated framework implementation at a recent roundtable discussion in New York, moderated by Ellen Davis and sponsored by enterprise-wide risk solution firm FRS
RBS axes up to 60 jobs in rates and forex
The Royal Bank of Scotland (RBS) yesterday eliminated up to 60 positions in its global banking and markets business. Most of the redundancies were made in the rates business, although some came in foreign exchange. Trading, research, sales and ecommerce…
Dealers dispute benefts of trading algorithms
Algorithms are important but not indispensable in execution trading, said participants at a panel discussion during the fourth Asia-Pacific Electronic Trading Summit 2006, held in Hong Kong yesterday.
DTCC and Jasdec to handle US stocks on Japanese exchange
The Depository Trust and Clearing Corporation (DTCC) has signed a deal with the Japan Securities Depository Centre (Jasdec) to streamline trading in US securities on Japanese stock exchanges.
Markit acquires derivatives trading technology provider
Markit Group, the UK-based pricing, valuation and data provider, has acquired Communicator, a technology provider of automated solutions for the processing of over-the-counter derivatives, secure real-time communications, and compliance and counterparty…
Nymex moves into Singapore
The New York Mercantile Exchange (Nymex) will open an office in Singapore on May 17 in response to demand for its products from investors in the region.
Deutsche Bank hires equity derivatives sales head in New York
Cory Carlesimo has joined Deutsche Bank's global markets institutional client group in New York.
FSA publishes Handbook Development newsletter
The FSA in the UK has just released its Handbook Development newsletter, which contains information about recent Handbook-related and other developments, an updated timetable for forthcoming publications and information about forthcoming conferences and…
BNP Paribas hires Sansaricq
BNP Paribas has hired Richard Sansaricq as a managing director and head of equity finance sales in its equities and derivatives division in New York. He will initially report to Todd Steinberg, head of equities and derivatives for the Americas at the…
Trade bodies slam FSA 'achingly difficult' guidelines to Basel II
Leading industry associations have called for the UK's Financial Services Authority (FSA) to make its handbook on the European Capital Requirements Directive (CRD) easier to understand.
Council conclusions on cross-border consolidation in the financial sector
The European Council has stated that cross-business is essential for growth, and that unnecessary obstacles should be removed to reap the economic benefits. The Council advocates sound, fair and non-discriminatory national supervisory practices within…