News
NetRisk’s Ceske heads to GE Capital
Rob Ceske, head of business development at NetRisk and its subsidiary OpVantage, has left the company to take on a new role at GE Captial. Ceske’s departure from the Connecticut-based risk management company comes as it is being acquired by Fitch Risk…
ABN offers Multi-Strategy hedge fund to Singaporean retail investors
ABN Amro Asset Management has started offering Singaporean retail investors access to its ABN Amro Multi-Strategy Fund.
Evolution Markets launches weather desk
New York-based environmental and energy broker Evolution Markets has returned to the weather derivatives sector with the launch of a weather desk, six years after it brokered its first over-the-counter weather deal.
Tullett completes restructuring of European operations
UK interdealer broker Tullett & Tokyo Liberty has completed the restructuring of its European operations - following the merger of Tullett & Tokyo and Liberty back in December 1999 - by naming five managing directors to drive the broker towards its goal…
Aquila finally buries energy trading business
Missouri-based energy trader Aquila today said that it has put the lid on the coffin of its energy trading division, following almost two months of speculation. In June, Aquila unveiled plans to wind down its trading book, but said it was looking for a…
Macquarie to offer exchange-traded ELIs in HK by month-end
Australia’s Macquarie Bank is looking at listing Equity Linked Instruments (ELIs) on the Hong Kong Exchanges & Clearing (HKEx) by the end of August, according to Matthew Long, Macquarie's Hong Kong-based associate director for equity derivatives sales.
SG launches another capital guaranteed fund in Hong Kong
SG, a division of French banking group Société Générale, has launched another capital guaranteed fund into the Hong Kong retail market, this time linked to stock market volatility.
Deutsche Bank forex up 15%
In line with its top-tier rivals, Deutsche Bank has bucked the mid-tier trend of lower forex earnings from reduced market volatility, to report a 15% increase in first-half FX profits.
Summit and CoVision link up for hedge fund trading platform
New York-based transaction processing technology company, Summit Systems, has teamed up with another New York company – investment management firm CoVision Capital Group – to create an investment trading platform specifically geared to hedge funds.
CreditTrade launches mark-to-market credit derivatives service
Credit derivatives inter-broker dealer and data provider, CreditTrade, and UK pricing company Totem Market Valuation, have launched a consensus-based, mark-to-market pricing service for banks.
Barclays opts for SunGard’s BancWare
Barclays Bank has implemented SunGard Trading and Risk Systems' BancWare product for its financial risk management activities across the UK, France and Spain.
Bank of America expands global proprietary trading
Bank of America has named Lawrence Barwick as global head of proprietary FX trading, based in London. The appointment is part of a build-up of global prop trading - the latest stage in the bank’s wholesale expansion of foreign exchange, Larry Baum,…
Basel II could reinforce economic cycles more than expected, says BIS study
BASEL – The Basel II bank capital accord could reinforce economic cycles to a greater extent than expected, according to a working paper issued today by the Bank for International Settlements (BIS), the so-called central bankers’ central bank.
Icap faces SEC scrutiny over Blackbird role
UK inter-dealer broker Icap could face a raft of regulatory probes due to accusations that it bought a minority stake in US electronic brokerage Blackbird to stifle potential competition to its own voice-brokered business.
Credit Markets Update: Traders see rush for protection on European bank debt
Traders have seen a big increase in demand for debt protection on European bank debt, following a string of results announcements that saw a big increase in bad debt provisions, along with disappointing profits at European banks.
Japan Credit Market Update: Spreads rise on weak stocks and rating downgrades
The cost of credit protection on Japanese companies continued to rise this week, as weakness in the stock market prompted many players to hedge their credit exposure.
Basel II could reinforce economic cycles more than expected
The Basel II bank capital accord could reinforce economic cycles to a greater extent than expected, according to a working paper issued today by the Bank for International Settlements (BIS), the so-called central bankers’ central bank.