News
Greenpeace protest at IPE fuels debate on emissions trading
Greenpeace’s invasion of London’s International Petroleum Exchange (IPE) on Wednesday was intended to draw attention to the environmental impact of ‘big oil’ on the day the Kyoto Protocol came into force. However, by attacking an exchange that is about…
Société Générale snares Geys
Société Générale has appointed Raphaël Geys as head of European fixed-income sales for financial institutions in London.
UK broker trade group to launch emissions indexes
The London Energy Brokers’ Association (Leba) will launch a series of ‘green indices’, which it says are designed as independent benchmarks for the European emissions market. The association will release both spot and forward indexes, with the aim of…
Greenpeace protesters storm IPE
Open-outcry trade in Brent and gas oil futures at London’s International Petroleum Exchange was halted for over an hour on Wednesday afternoon after 50 to 60 protesters from environmental group Greenpeace stormed the building.
DrKW becomes first foreign member of Warsaw Stock Exchange
Dresdner Kleinwort Wasserstein (DrKW) today became the first non-Polish financial institution to become a member of the Warsaw Stock Exchange. This will allow DrKW’s institutional clients to trade Polish stocks and derivatives from April 1.
DrKW appoints global head of FX derivatives
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has hired Tim Carrington as its new global head of foreign exchange derivatives.
Barclays launches Barx in Asia
Barclays Capital has launched Barx, its online single-dealer interest rate swaps trading platform, in the Asia-Pacific. The electronic platform will enable the region’s investors to trade US dollar and yen interest rate swaps through their Bloomberg…
TriOptima opens New York office
Stockholm-based technology firm TriOptima has opened a New York office and hired Susan Hinko as managing director of TriOptima North America.
Barclays Capital appoints CMBS research director
Barclays Capital has hired Hans Vrensen as head of its European commercial mortgage-backed securities (CMBS) research unit.
Merrill Lynch starts building coal desk
Matt Schicke, former director of coal trading at Michigan-based DTE Energy, has joined Merrill Lynch to build a US coal trading desk from its Houston office. As vice-president, he is initiating steps to trade coal, said Merrill spokeswoman Terez Hanhan.
SunGard delays rebranding decision
SunGard, the financial software and business continuity provider, has delayed the rebranding of its risk management software arm.
Warsaw Stock Exchange launches interest rate derivatives
The Warsaw Stock Exchange has launched its first interest rate derivatives contract in the form of Polish Treasury note futures.
NAB gears up for forex options restart
National Australia Bank (NAB) has made two senior derivatives trading appointments in preparation for the future reopening of its forex options desk. The desk closed early last year following a trading scandal.
Nymex confirms plans to launch in London
The New York Mercantile Exchange (Nymex) today announced plans to open an open-outcry Brent futures floor in London. "It's our intention to move to London as soon as possible," Nymex president James Newsome told reporters in London.
China Aviation report "escalating", ready soon
Global consulting firm PricewaterhouseCoopers (PWC) has denied reports that claim a draft investigation report into the China Aviation Oil (CAO) trading scandal has been released to Singapore stock exchange SGX and to CAO itself.
OpenLink may launch web-based version of Endur
OpenLink may launch a web-based version of Endur, its energy trading and risk management system, according to Matt Frye, Houston-based managing director of the software company.
New heads for RWE Trading and RWE Power
Brian Count will leave his post as chief executive of RWE Trading, the trading arm of German utility RWE, as of July 1, when he will be replaced by Peter Terium, head of RWE group controlling. And Jan Zilius is expected to take over as chief executive of…
Blackstone hires Morgan Stanley’s Kapur
Blackstone Alternative Asset Management (BAAM) has hired Vineet Kapur to its investment team in New York.
WMG plans to launch three hedge funds
WMG, the hedge fund and wealth management firm, plans to roll out three in-house hedge funds in the second quarter of this year. Mark Richardson, head of risk management, said the new fund strategies are likely to be global macro, credit arbitrage and a…
Cairn hedge fund launch imminent
Cairn Capital, the credit-focused asset management and advisory business, plans to launch its first hedge fund on March 1.
Bloomberg and TradeWeb enter multi-dealer electronic swaps trading fray
Competition in dealer-client electronic euro swaps trading is heating up with the launch of two new 'request-for-quote' (RFQ) multi-dealer interest rates swaps platforms in quick succession.
JP Morgan loses exotics head
JP Morgan Chase’s head of European trading for exotics and hybrids, Chris French, will retire from the firm in early March.
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SG hires four credit research analysts
Société Générale is strengthening its European credit research unit with the addition of four new recruits.