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Citi to use Moody’s KMV tracking error system
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BNP Paribas launches trading platform for structured products
BNP Paribas has launched an electronic trading platform for structured products, aimed at increasing secondary market liquidity across different asset classes.
JP Morgan boosts gas and energy team
JP Morgan has hired George Taylor as both global head of gas and power trading and US head of gas and power, having spent five years at Morgan Stanley. He reports to David Kitson, head of global energy.
Goldman focuses on cross-asset trading service
Goldman Sachs has announced that Noel Donohue has retired from his position as global head of firm-wide risk in New York, a position he has held since 1999. He will be replaced by Robert Berry, who has worked with Donohue since 2002. Previously, he held…
Concern over ABS op risk grows
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Trust-preferred CDOs spark concern
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Goldman launches swaps platform
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CMBS derivatives gather pace
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Isda looks to past and future
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Eyes turning east
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Lehman continues equity derivatives hiring spree
Lehman Brothers has appointed Arnaud Apffel as co-head of European equity corporate derivatives, alongside Marco Di Prima in London. He will report to Philip Lynch, head of global finance in Europe and David Bizer, co-head of equity sales in Europe.
Polish power exchange chooses OMX software for trading and clearing
In a move to develop its electricity spot and derivatives market, the Polish Power Exchange (PolPX) will use the Condico system from Stockholm-based OMX, the owner and operator of the Swedish stock exchange.
Korean Air launches cargo receivables securitisation
Korean Airlines (KAL) has launched a cross-border securitisation involving all its future yen cargo receivables, the first transaction of its kind in Asia.
CAO used “incorrect mark-to-market methodology”
China Aviation Oil (CAO) has published a report into the circumstances surrounding $550 million in oil derivatives losses, which the Singapore-listed firm – supplier of virtually all China’s jet fuel imports – revealed in late November.
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Barcap adds Japanese inflation-linked bonds to global index
Barclays Capital is adding Japanese inflation-linked bonds (JGBi) to its global inflation-linked index at the end of April. This follows the Japanese Ministry of Finance saying it would give foreign investors access to the JGBi market from April 1,…
SG boosts German equity derivatives sales
Société Générale has hired Michael Gypkins, Björn Seifert and Heiko Schömbs as senior equity derivatives salesmen in Frankfurt. The three had worked for Citigroup in similar positions and will start in their new roles on April 1.
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EEX set to compete with EXAA in Austrian spot power market
Austrian energy exchange EXAA will soon have competition for spot trading of physical power in its home market. From April 1, Austrian companies will be able to trade electricity for delivery to most of Austria directly on Germany's European Energy…