News
NAB gets green light on forex options
National Australia Bank (NAB) is set to reopen its foreign exchange options business on May 9, over 12 months after it was forced to close the desk in response to a derivatives trading scandal that enveloped the bank early last year.
Icap-Hyde hires Toyne to head tanker FFA broking
Icap-Hyde, a London-based joint forward freight and shipping derivatives-broking venture between broker Icap and shipping broker JE Hyde, has added to its team. Simon Toyne has joined as director of tanker forward freight agreements (FFAs), responsible…
CME weather trading volumes already past those of 2004
Weather derivatives trading volumes for 2005 on the Chicago Mercantile Exchange have already surpassed last year's volumes, said the exchange yesterday. The number of contracts traded this year hit 124,177 on April 12, compared with 122,987 for the whole…
DrKW combines derivatives trading and structuring teams
Dresdner Kleinwort Wasserstein (DrKW) has opted to combine its derivatives trading and structuring capabilities across multiple asset classes, creating a single global derivatives group within its capital markets business.
Sponsor's article > The dangers of complexity
The dramatic financial market changes of the past 20 years have introduced daunting complexity into the system. Much of this complexity is the necessary consequence of valuable innovations. David Rowe argues, however, that complexity for its own sake is…
Deutsche's Derhalli to head emerging market equities
Deutsche Bank has appointed Kerim Derhalli as global head of emerging market equities. He runs the equities businesses in Latin America, and central and eastern Europe, the Middle East and Africa (CEEMEA) region.
Options traders top pay bracket
UK forex options dealers raked in the largest pay packets this year, with total packages averaging more than £500,000, according to a survey by City-based executive search firm, Napier Scott.
RBS hires five in derivatives sales team
RBS Greenwich Capital, the Connecticut-based fixed income business of the Royal Bank of Scotland (RBS), has made five new hires for its North American financial institutions and corporate sales teams.
Merrill Lynch loses two equity derivatives staff in Hong Kong
Merrill Lynch has lost John Robson, a managing director responsible for the bank’s Asia-Pacific structured products business, to Nomura, where he will head the firm’s equity derivatives sales effort in Asia.
Goldman's co-head of prime brokerage joins hedge fund
Emmanuel 'Manny' Roman is to join UK-based multi-strategy hedge fund GLG Partners from Goldman Sachs. The move follows a number of defections by senior employees at the bank.
Nord Pool hires ex-Natsource brokers, eyes power spread contract
Nordic power exchange Nord Pool has hired brokers from the Oslo office of energy broker Natsource, which would fit with rumours that Natsource is closing its Scandinavian business. Natsource president Jack Cogen declined to comment.
Lehman poaches senior Merrill employee
Lehman Brothers has hired Joonkee Hong as managing director and head of global finance, Asia-Pacific, in Tokyo.
Nymex launches gas oil futures in Dublin
The New York Mercantile Exchange (Nymex) has said it will launch a northwest Europe gas oil futures contract in Dublin on Friday April 8.
Nymex to launch gas oil futures in Dublin
The New York Mercantile Exchange (Nymex) has said it will launch a northwest Europe gas oil futures contract in Dublin on Friday April 8.
Highland Capital buys European investment manager
Dallas-based Highland Capital Management has bought ING Capital Management Limited (ICML) in a bid to break into the European collateralised loan obligation market.
HSBC hires AIG’s Lee as head of currency exotics
Don Lee, the former head of currency options at AIG Financial Products, has joined HSBC in New York as global head of foreign exchange exotics and head of foreign exchange derivatives for the Americas.
JP Morgan rationalises marketing units in credit and rates
JP Morgan Chase has rationalised sales and marketing in its European credit and rates business, according to a internal memo by Tony Best, the London-based head of European investor client management, on April 1.
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