News
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.
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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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.