News
ABN Amro expands commodity-trading team, opens Singapore office
Dutch bank ABN Amro has made several commodity trading and marketing hires in London and New York, and opened an office in Singapore.
GFI launches forex option pricing tool
New York-based inter-dealer broker GFI has launched a foreign exchange options trading technology that will help its sell-side clients provide pricing and trading tools to the buy side.
Patsystems and TT settle out of court
A patent infringement lawsuit between two vendors, UK-based Patsystems and Chicago-based Trading Technologies (TT), has been settled out of court. As part of the settlement, TT has licensed some of its technology to Patsystems.
GlobalView technology to support ConfirmHub
US-based GlobalView Software has been chosen as the exclusive technology provider to ConfirmHub, a joint venture by brokers Icap, Amerex Energy and Prebon Energy. ConfirmHub is a post-execution, straight-through processing (STP) trade-confirmation…
TradeWeb to launch electronic trading platform for US rate swaps
Thomson TradeWeb, a US-based fixed-income electronic market specialist, is planning to launch a multi-dealer US dollar interest rate swaps trading platform in the third quarter of 2005.
QIS 4 results are worrisome, say banking agencies
American federal banking agencies have told Congress of their deep concerns about the results of the fourth Basel II Quantitative Impact Study (QIS4).
Deutsche Bank launches new index warrants in Singapore
Deutsche Bank has issued new warrants in Singapore on four global stock indexes - the Nikkei 225 Index, the Nasdaq 100 Index, the S&P ASX 200 Index and the S&P 500 Index.
Market Axess and DTCC team up to offer CDS index trading system
Electronic bond trading platform company MarketAxess has teamed up with the Depository Trust & Clearing Corporation's (DTCC) and 11 global dealers to create an electronic client-to-dealer trading platform for credit default swap (CDS) indexes. The CDS…
Barclays Capital in first Leba carbon index trade
Barclays Capital has completed the first financial carbon trade using the new Leba Carbon Index for "a significant volume" of EU emissions allowances.
Deutsche hires El Khoury
Jean El Khoury has joined Deutsche Bank as a director, US index trading, in the securities arm’s global markets division.
NewSmith hires two for Italy
NewSmith Financial Solutions has hired two bankers to grow its advisory team. Ercole Manzi and Maurizio Tassi have joined the firm as partners to focus on Italian clients.
Deutsche appoints new loan management head
Deutsche Bank has appointed Stuart Lewis as global head of the bank's loan exposure management group (LEMG) as of July 1, 2005. He will succeed Betsy Gile, the group's current head, who has announced her retirement.
CDOs unlikely to be affected by GM and Ford, says Fitch
Synthetic collateralised debt obligations (CDO) are unlikely to experience downgrades on the back of weakening credit ratings in the US automotive sector, says Fitch Ratings
Euronext.liffe beefs up French options
Euronext.liffe, the derivatives arm of European exchange group Euronext, has increased the size of its CAC40 index options by a factor of ten.
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Directory Listing >> TLC Risk Solutions for Basel II compliance
TLC Risk Solutions' barracuda® software product is the complete solution for the calculation of regulatory capital under Basel II. barracuda® is the best of breed Basel II solution in terms of its functionality, comprehensiveness, flexibility and value…
Size matters, finds Greenwich survey
The ability to execute large currency trades is one of the key components in winning new FX business from corporates and institutional clients, according to latest research from Greenwich Associates.
Lehman boosts European equity derivatives unit
Lehman Brothers has hired three former JP Morgan equity derivatives specialists to beef up its European business.
GM and Ford downgradings catch dealers off guard
A wave of frenzied trading on Thursday afternoon was triggered by Standard and Poor’s downgrading of General Motors and Ford Motor, and their financing units, to junk status, driving credit spreads to record highs.
RWE Trading reorganises coal, oil and freight ops
Alex Thistlethwayte has joined RWE Trading, part of German utility RWE, as head of a new department, Global Commodities Trading. He was previously director of oil trading at Deutsche Bank in London and has also traded natural gas at BP. The move is part…
Rodriguez quits JP Morgan interest rate sales team
Tracey Rodriguez has resigned from JP Morgan Chase, where she worked as a senior salesperson in London, covering interest rate products and reporting to desk head Sikander Ilyas.
CCRO data hub update to follow Energy Risk USA conference
The US-based Committee of Chief Risk Officers (CCRO) will give a presentation in Houston next Wednesday, May 11, on the energy data hub it is developing. The session will follow the last presentation of the Energy Risk USA 2005 conference and will take…
JP Morgan and SunGard collaborate on collateral management system
JP Morgan Chase and SunGard have teamed up to create a collateral management system based on SunGard’s Adaptiv product for over-the-counter derivatives. Aimed at smaller end-users, it will allow existing JP Morgan clients, such as corporate treasurers,…
Deutsche hires Ritter to head commodities
Deutsche Bank has hired Mark Ritter as global head of commodities.