News
RMS releases updated Climetrix weather trading system
Risk Management Solutions (RMS), a California-based provider of products and services for the management of natural hazard risk, today released version 4.0 of its Climetrix weather derivatives trading and risk management system.
Trema launches NAV reporting software
French technology company Trema has launched NAV Monitor, software developed for the investment management industry for real-time calculation and reporting of net asset value (NAV).
RMS releases updated Climetrix weather trading system
Risk Management Solutions (RMS), a California-based provider of products and services for the management of natural hazard risk, today released version 4.0 of its Climetrix weather derivatives trading and risk management system.
SG launches new UK commodities trackers and warrants
SG, the investment-banking arm of French bank Société Générale, has launched tracker certificates on gold, silver and platinum. In addition, the bank has issued both call and put warrants on gold.
HSBC’s forex chief retires as bank makes highest-ever forex profits
Rob Loewy, head of foreign exchange at HSBC for the past 15 years, retired last week as the bank announced its highest-ever dealing profits for foreign exchange.
Winters and Masters rise in JP Morgan Chase reshuffle
Two long-standing JP Morgan derivatives veterans, Bill Winters and Blythe Masters, have received additional responsibilities at JP Morgan Chase, following a reshuffle at the US bank.
New entrant set to supply gas in UK
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Canadian pension fund buys US plants
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Bush urges TVA to modify debt estimates
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News in brief
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Securities Associations publish guidelines on capital treatment of trading book items
The International Swaps and Derivatives Association (Isda), the London Investment Banking Association (LIBA) and the Bond Market Association (BMA) have published a compendium on capital treatment of trading book items, such as derivatives and securities…
Frost quits JP Morgan Chase
Tim Frost, European head of credit sales and trading at JP Morgan Chase, has resigned to pursue other interests. Frost joined JP Morgan in 1995 and helped his firm become a dominant force in the fast-growing credit default swaps market. By the time of…
SunGard unveils new trading and risk management suite
SunGard Trading and Risk Systems (STRS) will next week unveil the first version of its Adaptiv trading and risk management suite.
UBS appoints derivatives specialist to head Asian equities
UBS has appointed Chi-Won Yoon, the bank’s Hong Kong-based managing director of equity risk management, as its new Asian equities head, following the relocation of former head, John Holland, to London last September.
Icap denies coal trading team departure
Icap Energy has denied its coal team is defecting to Prebon Energy. On Tuesday, Prebon issued a press statement saying three members of the Icap coal team were joining the broker to strengthen its presence in coal markets.
TXU trading head resigns
VJ Horgan, president of TXU Portfolio Management, a subsidiary of Dallas-based TXU Energy, has resigned from the company "to pursue other interests".
EDF replaces head of trading division
Francis Hervé, chief executive of EDF Trading, the London-based trading arm of French electricity company EDF, was replaced by his former deputy director Michel Franconi on March 1.
BarCap snares CSFB distribution head
Guglielmo Sartori d’Borgoricco is set to join Barclays Capital, the investment-banking arm of UK-based Barclays Bank, from rival Credit Suisse First Boston. It is expected he will become managing director and head of distribution for the UK and…
Insurance industry struggles to cope with ERM implementation
Insurance companies understand the importance of risk management, but are struggling to cope with the implementation of enterprise-wide risk management (ERM) systems, according to a survey published by PricewaterhouseCoopers (PWC) today.
SEC rule on broker-dealers must be equivalent to the EU Directive on Financial Conglomerates, says SIA
The Securities Industry Association (SIA) has urged the Securities and Exchange Commission (SEC) and the US Department of Treasury to ensure that the proposed rule on the Alternative Net Capital Requirements for Broker-Dealers that are part of…