News
Nybot lists financials on CBOT
The New York Board of Trade (Nybot) has entered into a non-binding agreement with the Chicago Board of Trade (CBOT), allowing its financial products to be traded on CBOT’s electronic platform.
Back offices must be reformed to reduce risk, says FSA
The Financial Services Authority (FSA), the UK’s financial markets regulator, has said that it is still concerned about backlogs in the credit derivatives market despite improvements, and has warned that banks need to further develop the robustness of…
Tokyo Stock Exchange hires technology head
The Tokyo Stock Exchange (TSE) has hired Yoshinori Suzuki as its chief information officer - a newly created position.
Copper scandal prompts SRB to ban trading
China is to ban units within its State Reserves Bureau (SRB) from trading in equity, foreign exchange, corporate bonds and derivatives, according to newswire reports in Beijing.
Swiss Re hires weather specialist for advisory team
Swiss Re has hired Brian O’Hearne as a managing director of North American environment and commodity markets within its capital management and advisory arm in New York.
Griffith named as new DGCX chairman
The Dubai Gold and Commodities Exchange has named Colin Griffith as its new chairman, replacing David Rutledge.
PPF should not ignore CDSs, Isda says
The UK Pension Protection Fund (PPF) should recognise credit default swaps (CDSs) when assessing the risk attached to pension funds' investments, the International Swaps and Derivatives Association argued today.
Deutsche cuts out $1 trillion in risk drive
Deutsche Bank cut out $1 trillion of what it described as 'predatory trades' last year, as it repositioned its forex business to make it more profitable.
Italian stock exchange moves towards IPO
The Borsa Italiana, the Milan-based stock exchange, is preparing for flotation, in a move that could speed up consolidation among European exchanges.
TSE works overtime to expand trade capacity by Monday
The Tokyo Stock Exchange (TSE) will increase the trading capacity of its equity, convertible bonds and exchangeable bonds markets by half a million executed trades a day from Monday if tests to upgrade the system over the weekend are successful,…
Market blames government for UK gilt plunge
A dramatic fall in the yield of UK index-linked gilts yesterday has highlighted the risk of a gilt bubble and prompted criticism of the Treasury.
Deutsche Bank launches exchange-traded commodity index fund
Deutsche Bank has launched a commodity index tracking fund in New York, the first commodity index-linked fund to be listed on a US exchange.
TSE shortens trading hours following shutdown
The Tokyo Stock Exchange (TSE) will shorten its afternoon trading by half an hour starting tomorrow, after it was forced to close some of its markets 20 minutes early today as the volume of transactions hit capacity levels.
Calyon names head of hybrid structuring
Calyon has appointed Steve Sahara as global head of hybrid capital structuring, based in London.
Icecap completes first closing of its carbon portfolio
Icecap, the carbon emissions group, has today reached first closing of its carbon portfolio having raised aggregate commitments to buy 15 million tonnes of carbon credits from the Clean Development Mechanism and Joint Implementation markets.
Markit and CDS IndexCo launch synthetic ABS index
CDS IndexCo and Markit Group have teamed up to launch ABX.HE, a synthetic asset-backed securities (ABS) index of US home equity ABSs. The index will formally debut January 18.
SG expands Scandinavian team
Société Générale has recruited two equity derivatives salesmen for its Scandinavian team, based in London.
Tullett Prebon creates new volatility division
London-based broker Tullett Prebon has completed its reorganisation with the creation of a new division covering several classes of futures and options.
BGC poaches four-strong Icap derivatives team
BGC Partners has hired a four-strong Scandinavian foreign exchange forwards and derivatives team from interdealer broker rival Icap in Copenhagen.
China plans Shanghai derivatives exchange
The Chinese government has approved a project by five Chinese stock exchanges to set up the country's first financial derivatives exchange in Shanghai.
Tradition hires Decillion credit team
Interdealer broker Tradition has hired a team of six credit brokers from Decillion, a South African financial services company.
DTCC hires Stenning as business development vice-president
The Depository Trust & Clearing Corporation (DTCC), a US information and clearance specialist, has hired Bill Stenning from SunGard as vice-president for business development.
FX and commodities head quits Calyon
Andrew Kellner, global head of foreign exchange and commodities at Calyon in London, has left the bank.
Mizuho signs up with Kamakura for default and correlations data
Mizuho Financial Group has signed up to Kamakura’s risk information services, the Honolulu-based software company has confirmed, as the Japanese financial behemoth seeks to strengthen its lending activities following years of write-offs.