News
Energy Risk Europe: Indexes won’t be included in MAD, say panellists
Energy indexes may not be included in EU market abuse rules, but remain likely to be hit by further scrutiny
People: New roles for Amrolia and Rodgers in Deutsche reshuffle
Markets group at Deutsche gets new cross-asset electronic trading unit, led by Zar Amrolia; Knight Capital responds to rogue algo loss by naming new CRO; listed derivatives co-head leaves Morgan Stanley; Nomura loses Fares, names Downey sole head of…
Ivan Ritossa to leave Barclays
Barclays' global head of foreign exchange of more than 10 years will leave the bank at the end of this year as part of a major reorganisation
Firms already circumventing RDR commission ban, warns FSA
Financial Services Authority letter outlines ways in which banks and distributors are going against the spirit of the RDR
Adoboli trial: third UBS ETF trader denies involvement
A third trader on Adoboli's ETF desk denies involvement in fraudulent activities
G-Sibs facing ‘a tall order’ in meeting 2016 data deadline, UK regulator warns
The FSA’s Gerald Sampson says large, complex banks may struggle to meet a 2016 deadline for risk data aggregation and reporting standards
SGX proposes to drop clearing member minimum share capital from S$1bn to S$50m
First Asian exchange to offer client clearing looking to dramatically alter the terms to become an OTC client clearing member
Index roundup
Index roundup
ETF roundup
ETF roundup
Energy Risk Europe 2012: Oil price “much lower” in 10 years – Credit Suisse
A slowdown in Chinese oil demand growth coupled with increasing supply will mean oil prices will be much lower in 10 years, forecasts Ric Deverell, head of commodities research at Credit Suisse
Position limits rejection lifts compliance burden
Rejection of Commodity Futures Trading Commission rule brings short-term relief and longer-term uncertainty, say consultants
Final Esma clearing rules too rigid, CCPs say
Regulator has not given clearing houses enough freedom to calculate margin requirements, critics say - and Europe's CCPs may have to charge more for futures than their US rivals
Adoboli colleague denies knowledge of ‘umbrella’ fund
Simon Taylor, a junior ETF trader alongside Adoboli, claims he never knew of hidden profits
FTSE and NSE announce first independent Kenyan sovereign debt index
FTSE Group and the Nairobi Securities Exchange have launched the first independently calculated Kenyan sovereign debt index, underscoring increasing investor interest in Africa
US Orsa steams ahead
US Orsa steams ahead
Energy Risk Europe 2012: EU power market integration faces next set of hurdles
The next stages of creating an integrated European electricity market should focus on the intra-day market, direct current cables and preparing trading strategies post-2014, say panellists at Energy Risk Europe
Energy Risk Europe: EC official questions energy industry estimates of clearing costs
Industry estimates of clearing costs met with scepticism
Energy Risk Europe 2012: Speculation tending to push oil prices lower
In recent years, speculation in oil markets has been associated with price falls more than price rises, but speculative activity is transforming the oil market into an asset play subject to new macroeconomic influences, says Leo Drollas, chief economist…
Philippines needs electricity futures market, says energy merchant
US-based trading firm bullish on the potential for energy trading in the Philippines
FSA charges four in major insider dealing case
Suspects linked to 2010 arrests
Court ruling may be death of CFTC’s position limits
Experts say appeal is unlikely – and CFTC must prove commodity market speculation before re-proposing limits
Adoboli’s fellow trader conducted fictitious bookings, court hears
A fellow trader on accused UBS rogue trader Kweku Adoboli’s ETF desk also faked bookings to hide risky trades, he admitted today
RBS investor products group faces cuts in merger with non-linear trading
Martin van Pieterson named global head of non-linear trading and investor products as Royal Bank of Scotland merges teams
Counterparties abandon US public utilities over Dodd-Frank fears
Publicly owned utilities say a growing number of energy companies are refusing to trade with them ahead of the deadline for swap dealer registration