News
Creditex unveils CDS index trading platform
Technology news
Japan regulator issues administrative action against JP Morgan Chase
Japan’s Financial Services Agency (FSA) has issued an administrative action against the Tokyo branch of JP Morgan Chase requesting it improve its compliance and internal controls. JP Morgan Chase is requested to “submit the Business Improvement Plan to…
Isda publishes credit exposure analysis
Netting and collateral reduce credit exposures to such a level that on average a major dealer’s five largest inter-dealer exposures total just 2% of its entire derivatives exposure, according to new research by the International Swaps and Derivatives…
New type of CDS gets off the ground
New Angles
Treasuries worry European managers
New Angles
iBoxx turns to Asia
New Angles
Euronext.Liffe launches OTC facility
European stock and derivatives exchange Euronext.Liffe has launched a new facility for trading over-the-counter equity derivatives.
Duke gets all clear on accounting investigation
The US Department of Justice has closed its grand jury investigation into issues related to Duke Power’s regulatory reporting, concluding that no action is warranted against the company. Duke, the North Carolina-based energy company, was informed of the…
CSFB recruits equity derivatives marketer
Credit Suisse First Boston (CSFB), the investment banking arm of Zurich-based financial services company Credit Suisse Group, has hired Stephen Roti as managing director and head of US corporate equity derivatives marketing, within the equity-linked…
IAS39 amended to allow for macro hedging
Controversial International Accounting Standards Board (IASB) proposals for the marking-to-market of derivatives, known as IAS39, are to be amended to allow for ‘macro hedging’.
Massive hike in credit derivatives pay, survey shows
London-based managing directors running exotic credit trading businesses at top-tier investment banks can expect pay increases of almost 50% from what they got last year, according to a survey.
HSBC reaps rewards in US
HSBC has seen a threefold increase in foreign exchange client volume in North America over the past year, following its recruitment drive in the region, reports Risk’s sister publication FX Week .
Deutsche Bank snares Goldman option traders
Deutsche Bank has snared two interest rate options traders from rival investment bank Goldman Sachs.
Chinese liberalisation driving increased demand for sales staff
Foreign exchange sales staff with expertise in China are set to be in particular demand in 2004, according to recruitment specialists in the Asia-Pacific, reports Risk’s sister publication FX Week .
ISE to route to US options exchanges
The International Securities Exchange (ISE) has enhanced its OM Click Trade front end so that it can route members’ orders to any U.S options exchange, reports Risknews’ sister publication Trading Technology Week .
Lehman hires for global options
Lehman Brothers has hired two options traders in a continued expansion of its global currency options team, reports Risk’s sister publication FX Week . Lars Ahlgreen, formerly of Credit Agricole Indosuez, is set to join in London in April as a senior…
Flesaker quits MBIA for Morgan Stanley
Bjorn Flesaker, head of quantitative risk at MBIA, has quit the monoline insurer to take up a senior quantitative analyst position at Morgan Stanley.
GEM and Systemwire to launch OTC derivatives trade matching system
London-based Systemwire has teamed up with New York-based Global Electronic Markets (GEM) to develop a new software platform for automated trade matching and rule-based trade validation, called FpML Mediator.
Flesaker quits MBIA for Morgan Stanley
Bjorn Flesaker, head of quantitative risk at MBIA, has quit the monoline insurer to take up a senior quantitative analyst position at Morgan Stanley.