News
Spectron brokers first California carbon option
Spectron Environmental, the environmental products division of commodities brokerage Spectron, has brokered the first cleared Californian carbon option.
CME’s CDS platform approved
The Chicago Mercantile Exchange Group (CME) received the green light from the Securities and Exchange Commission (SEC) on March 13 to clear credit default swaps (CDSs), but now faces the hard task of getting customers to sign up to its platform.
US financials move on Bernanke prediction
The cost of credit protection on US and European financials fell in intraday trading, following US Federal Reserve chairman Ben Bernanke's prediction yesterday that the US economy will "see recovery beginning next year".
IIF submits policy letter to G-20; launches MMG
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Isda launches final stage of hard-wiring auction settlement
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Iosco updates rating agencies' implementation of code of conduct
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Basel Committee says banks need higher capital and dynamic provisioning
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New members will boost surveillance, FSF says
Thirteen new members will improve the Financial Stability Forum's (FSF) ability to identify emerging systemic risks, the forum's secretary-general Svein Andresen said yesterday.
FCStone disposes of loss-making energy account
FCStone Group, an integrated commodity risk management firm, expects losses of $110m from an unnamed customer's energy trading account, which it disposed of this week.
Commodities on Bclear from March 30
Exchange NYSE Liffe will offer clearing for a range of soft and agricultural commodity products on its over-the-counter (OTC) trade confirmation, administration and clearing platform Bclear on March 30. Bclear was launched in 2005 and currently offers…
European financials hit by further decline in confidence
European financial institutions experienced a further decline in market sentiment today, while the cost of credit protection on sovereign debt fell in intraday trading.
CME Group one step closer to CDS clearing
US exchange operator Chicago Mercantile Exchange (CME) Group has come one step closer to entering the credit derivatives market by signing a deal to clear credit default swaps (CDSs) on financial information services company Markit's CDX and iTraxx…
"People should be very frightened of the FSA" warns Hector Sants
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