News
Wagner named new CFO of Mirant
Atlanta-based energy firm Mirant has named Harvey Wagner as its new chief financial officer (CFO).
Drilling company Transocean to use SunGard’s Quantum
Houston-headquartered offshore drilling contractor, Transocean, plans to install Pennsylvania-based SunGard’s Quantum treasury management system.
Sempra buys CMS' gas trading business
Sempra Energy Trading, the Connecticut-based gas, power and petroleum dealer, has bought the gas trading book of Michigan-based CMS Energy for $17 million, a Sempra spokesman confirmed today.
JP Morgan launches LSE-listed certificates
JP Morgan has launched the first listed certificates registered on the London Stock Exchange (LSE), targeted at retail investors. The move follows the launch in November of covered warrants in the UK.
Wyman’s Wilson to head new Prmia chapter in Switzerland
Tom Wilson, head of Oliver Wyman and Company’s global finance and risk practice group, will head a new chapter for the Professional Risk Managers’ International Association (Prmia) in Switzerland.
Ex-Mirant risk officer named executive director of CCRO
Mike Smith, former global risk control officer of Atlanta-based energy firm Mirant, was today named executive director of the Committee of Chief Risk Officers (CCRO).
Wharton adds options data to online research tool
The University of Pennsylvania’s Wharton School is adding historical options data from OptionMetrics, a New York-based research and consulting company, to its web-based securities information service.
Basel II helping to improve German banking, says S&P
The proposed Basel II bank safety rules, weak operating performance and shareholder value considerations are behind a trend to more efficient capital allocation, prudent cost control and risk-adjusted pricing in German banking, a leading credit rating…
Dunne named head of strategy at Reuters Treasury Services
Reuters has named Chris Dunne as head of strategy at its Reuters Treasury Services unit.
Negative rating actions prompt little movement in credit spreads
The European credit derivatives market remained listless this week, with limited movement in protection cost spreads following a string of negative credit news, traders said. The cost of credit protection for German banks, UK bank Barclays and Spain’s…
European asset managers gear up for CAD3
European asset management firms wanting to comply with the most sophisticated measurement method allowed in the revised Basel Accords—the advanced measurement approach (AMA)—must prepare now, as it requires them to have a whole set of advanced risk…
SunGard and Miac to offer integrated mortgage risk management software
SunGard Trading and Risk Systems, a unit of Pennsylvania-based SunGard, has formed a strategic alliance with New York-based Mortgage Industry Advisory Company (Miac) to develop software that provides treasury departments and mortgage banking units with…
JP Morgan Chase pushes use of credit derivatives to enhance returns
JP Morgan Chase plans to give a number of presentations to asset managers to encourage them to use credit derivatives to enhance returns.
Fidelity rolls out Fix for fixed income
Fidelity Investments - a financial information exchange (Fix) pioneer for equities trading - is extending the connectivity protocol to support fixed-income trading for sell-side counterparties.
Summit releases upgrade to STP suite
Summit Systems, a risk systems and technology vendor headquartered in New York, has released version 3.4 of its Summit straight-through processing modular front- to back-office product suite.
Nasdaq launches European tracker ETF
The Nasdaq Stock Market has launched a Nasdaq-100 European Tracker, an exchange-traded fund (ETF), on the Nasdaq Europe exchange today under the symbol EQQQ. The fund is designed to follow the Nasdaq 100 index and is composed of the top hundred non…
Deutsche Bank seeks plays on EU convergence
Deutsche Bank has launched a Central European foreign exchange (CEFX) convergence index designed to provide optimally weighted risk/return exposure to the Polish, Hungarian, Czech and Slovakian currencies. The index is tradable as a spot currency, with…
FXall adds liquidity providers
FXall will announce the addition of four new liquidity providers to its platform today, the multi-bank trading portal told RiskNews ’ sister publication FX Week .
Polling starts on Risk and EPRM’s 2003 energy and commodity rankings
Risk magazine and sister publication Energy & Power Risk Management (EPRM) today began polling for their 2003 energy and commodity rankings.
Danske restructures FX sales
Danske Bank has reorganised its forex sales team in London into separate units for corporate and institutional customers.
Bank One updates technology to boost derivatives
Bank One is hoping to expand its global interest rate derivatives trading business by replacing decade-old customised trading software with new off-the-shelf technology.
Robeco to offer new equity derivatives-based fund
Dutch asset manager Robeco plans to launch a second guaranteed fund product that uses equity derivatives.
