News
Deutsche in FX drive
Deutsche Bank has named Gordon Wallace and Nitin Gulabani as co-heads of global foreign exchange trading.
Enron's former head of options trading joins Mobius
Mark Jackson, the former head of options trading at failed energy company Enron, has joined Houston-based energy risk advisory firm Mobius Risk Group as senior vice-president of quantitative services.
EU Commission sets out its stall on CAD
The EU Commission published a feedback document on its website today on the responses to its third consultation paper on revisions to the Capital Adequacy Directive (CAD).
Larsen bows out of Icor
Jeff Larsen, founder of the online electronic inter-dealer broker Icor, has sold his remaining stake in the business and is stepping down as its chief executive.
US salaries moderately up
Foreign exchange dealers in the US saw slight increases in their wages this year, according to a new salary survey out this month, reports Risk’s sister publication, FX Week .
HKEx delays launch of derivatives clearing
The Hong Kong Stock Exchange (HKEx) has delayed the launch of its Derivatives Clearing and Settlement System (DCASS) until "early in the second quarter of this year", according to a report released by exchange officials, reports Risk’s sister publication…
NAB publishes report on options losses
The National Australia Bank (NAB) has published a report on the A$360 million ($262 million) options trading scandal, which blames weaknesses in risk management controls and inadequate management supervision for the losses.
Deutsche appoints head of Latin American strategy
Deutsche Bank has appointed Piero Ghezzi as head of Latin American strategy, with responsibility for analysing the region's debt, foreign exchange, local bond and fixed-income derivatives markets.
UBS snares inflation derivatives trader
Swiss investment bank UBS has hired Dariush Mirfendereski, an inflation derivatives trader, from UK-based rival Barclays Capital.
Deutsche hires prime broker from Goldman
Deutsche Bank has hired Ferrell Daste from Goldman Sachs as a director responsible for US West Coast prime broker accounts.
Sponsor's Article > Alliance & Leicester Uses SunGard's Basel II Capital Manager
SunGard Trading and Risk Systems, an operating group of SunGard (NYSE: SDS), today announced that Alliance & Leicester, a UK financial services group, is using SunGard Basel II Capital Manager for improved credit risk management and Basel II compliance.
Tiffe and CBOT sign memorandum of understanding
The Tokyo International Financial Futures Exchange (Tiffe) and the Chicago Board of Trade (CBOT) have signed a memorandum of understanding for the development and efficient operation of their markets.
SuperDerivatives signs deals with German and Austrian banks
Technology firm SuperDerivatives has signed up 10 German and Austrian banks, including HypoVereinsbank and Helaba, to its foreign exchange option pricing system.
PCAOB approves stricter internal audit controls
The Public Company Accounting Oversight Board (PCAOB) has approved an auditing standard for audits of internal control over financial reporting, and proposed amendments to the board's existing interim auditing standards to conform them to the new…
BarCap hires head of Asia-Pacific credit derivatives
UK investment bank Barclays Capital has hired Eric Slighton as managing director, head of Asia-Pacific credit derivatives.
Deutsche promotes securitisation boss to head US global markets
Deutsche Bank has appointed Phil Weingord as head of global markets, North America.
DrKW criticises CLS for not introducing central clearing
Continuous-linked settlement (CLS), the global system to reduce foreign exchange transaction risk, should have been set up to provide banks with a centralised clearing facility, rather than just to eliminate ‘Herstatt risk’, according to a senior banker…
Statoil and Alex Kvaerner swap chief executives
Helge Lund has joined Norwegian energy company Statoil as chief executive, replacing acting CEO Inge Hansen. Hansen replaces Lund as CEO of one of three divisions of newly restructured Norwegian industrial group Aker Kvaerner.
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.