News
Wall Street Systems to offer Treasury Engine on Linux
Wall Street Systems, a US provider of treasury and capital markets services, will offer its flagship product, Treasury Engine, on the Linux operating system from September.
CME and UK's Met Office to launch European weather derivatives
The Chicago Mercantile Exchange (CME), the UK's Met Office and its joint venture company, Weather Xchange Limited (weatherXchange), have unveiled plans to jointly develop global weather futures and options contracts.
Basel II creates myriad problems for US investment banks
Basel II is causing substantial problems for US investment banks whose overseas subsidiaries may receive harsh treatment under the new capital regime and whose home regulator, the Securities and Exchange Commission (SEC), says it is unsure when it will…
Commerzbank selects SunGard’s Credient Analytics
Commerzbank has selected Credient Analytics, the credit analytics service provided by SunGard Trading and Risk Systems, to handle investment banking credit exposure.
Basel Committee releases two reports
The Basel Committee on Banking Supervision released two reports this morning—one on risk integration and aggregation and second on operational risk transfer. The papers are authored by the Joint Forum, which is composed of members of the Basel Committee,…
CP3 comments to be posted shortly, says BIS official
An official from the Bank for International Settlements in Basel, Switzerland said today in an exclusive interview with BaselAlert.com that the hundreds of comment letters that the institution has received in response to the Basel Committee on Banking…
Forex dealers leave Fimat Chicago
Fimat, the brokerage arm of French investment bank SG, shed four staff from its US dealing team earlier in August, sources close to the company told RiskNews ' sister publication FX Week .
ABN Amro to go global with Dealstation
Dutch bank ABN Amro is planning a global debut next year for Dealstation, its white-labelled, foreign exchange trading platform, bank officials told RiskNews ' sister publication Trading Technology Week .
Italy's Abaxbank builds treasury unit with forex options appointment
Milan-based Abaxbank has hired its third new treasury team member this year. The new arrival is Cinzia Lacopone in foreign exchange options.
Bear Stearns snares another CSFB credit derivatives head
US investment bank Bear Stearns has snared another top credit derivatives executive from Credit Suisse First Boston (CSFB) following its appointment of Mark Davies as global head of credit derivatives in May.
MFA publishes 2003 sound practices for hedge fund managers
The Managed Funds Association (MFA), a voice for the hedge fund industry, has submitted its 2003 Sound Practices for Hedge Fund Managers to the Securities and Exchange Commission (SEC).
Deutsche forex quant Jacobs follows McGhee to Citi
Deutsche Bank’s former deputy head of foreign exchange products development, Andrew Jacobs, is set to join his old boss, William McGhee, at Citigroup.
Derivatives expert Kim rises another rung at Merrill Lynch
Dow Kim, the Korean-born fixed-income derivatives profit generator at Merrill Lynch, has been named co-head of global markets and investment (GMI) banking at the US investment bank, following the departure of Arshad Zakaria.
Derivatives industry achieves new targets in confirmation processing, says Isda
The derivatives industry is setting and achieving new targets on confirmation processing, according to the International Swaps and Derivatives Association.
Prmia names Ahmad as regional director for Washington DC
The Professional Risk Managers’ International Association (Prmia) has named Syed Ahmad as its first regional director for the association’s newest chapter in Washington DC.
Isda releases new draft of FpML 4.0
The International Swaps and Derivatives Association has released the second working draft for Financial products Markup Language (FpML) version 4.0.
LSE appoints Stuchfield to head equity derivatives business
The London Stock Exchange (LSE) has appointed Nic Stuchfield as managing director of EDX London, the LSE-controlled derivatives exchange in which Sweden's OM holds a minority stake.
Bank of America strengthens structured credit team
Bank of America (BoA) has hired Sean Rice and Justin Dash as principals within its global structured credit products' marketing and origination team.
JP Morgan and Morgan Stanley launch Tracx emerging markets
JP Morgan Chase and Morgan Stanley have launched the Tracx Emerging Markets (Tracx EM) index, the latest addition to the Tacx global suite of credit default swap (CDS) indexes created by the two US financial services firms.
Event-driven hedge fund strategies post strong returns
Event-driven strategies are the leading growth component in the S&P Hedge Fund Index, generating a 10.38% return for the year-to-date, according to Standard & Poor’s.
OneChicago trades one-millionth SSF contract
OneChicago, the joint single-stock futures venture of the Chicago Board Options Exchange, Chicago Mercantile Exchange and the Chicago Board of Trade, traded its one-millionth contract this morning, the exchange said in a statement.
Prebon Yamane goes live with SwapsWire in Tokyo
Brokerage house Prebon Yamane has gone live with SwapsWire in Asia, making it the first brokerage house in Tokyo to use the system since it went live in Japan last month.
CLS to include South Korean won
CLS Bank, which operates the continuous-linked settlement service for foreign exchange, plans to include the South Korean won as a CLS-eligible currency.
JPMC’s Puth to relocate to London
David Puth, global head of forex and commodities at JP Morgan Chase in New York, will transfer to London on August 26.