News
CBOE developing tail event index
A new index based on skew will be unveiled once testing is completed
Volatility drives UK products towards growth
FTSE and growth products are popular as rising volatility makes income products difficult to structure
FOMC faces tricky task in avoiding another bubble
FOMC officials’ pessimism about conditions highlights challenge central bank faces in fulfilling its dual mandate
Hedge fund trading volume rises as algorithms become more popular
Hedge fund trading activity in US equities is growing in contrast to trades carried out by proprietary trading desks, new research has shown.
Active ETFs need transparency to compete
Active ETFs are changing the way that ETFs are serviced, according to State Street
Enforce clearing, catapult FX into the big league, say FX Week USA panellists
Foreign exchange is held back from fulfilling its potential as an asset class because of counterparty risk issues, said panellists.
Iraq's oil minister calls for swift action on contracts
Iraq calls on foreign energy companies, such as BP, Eni and China National Petroleum Corporation (CNPC) to move swiftly to implement their recently awarded contracts
Goldman's $550m payment is latest in a line of settlements
Goldman pays $550 million to settle charges of misleading customers on Abacus CDO
Crédit Agricole boosts Asian fixed income team
Rowe departs Citi to head up Crédit Agricole’s Asian trading group.
BNP Paribas hires credit research chief
Arrival of McAdie and Fridson adds weight to BNP Paribas’ research effort.
Jefferies recruits head of rates sales
Investment bank appoints Savelli-Timsit to lead French rates business.
Knight expands capital markets team
Knight Capital hires new managing directors for capital markets business.
Jain takes sole charge at Deutsche Bank
Move puts Anshu Jain in pole position to succeed Josef Ackermann.
UBS hires emerging markets head
Can Uran leaves Bank of America Merrill Lynch for senior role at UBS
RWC recruits from Threadneedle
Allwright and Frost to manage RWC Strategic Reserve Fund.
Ogata named SG head in Asia
Hikaru Ogata quits French rival BNP Paribas to become new chief executive at SG.
Carlos Tavares replaces Eddy Wymeersch as chair of Cesr
Spanish regulator to succeed Eddy Wymeersch in August, but might only serve until January, when Cesr becomes Esma.
Lloyds hires leveraged credit director
Ex-Evolution Securities sales director departs for Lloyds leveraged finance business.
RBS appoints new director of US credit
Gary Davis takes senior role in credit and rates group.
Nomura names Oz fixed income head
James Land leaves Westpac to boost Nomura’s fixed income team.
Basel Committee counter-cyclical proposals tie buffers to economic indicators
Committee publishes paper on counter-cyclical capital and defers recommendations on Basel III to oversight board meeting on July 26
RBC: Japanese limits on margin trading will weigh on Aussie/yen cross in August
Japanese plans to limit leverage on margin trading to a maximum of 50 times collateral in August could affect Australian dollar/yen cross rates.
Citi names new head of markets for South Asia
Pankaj Vaish joins Citi as head of markets for South Asia from Nomura.
Eurozone has two years to agree fiscal union – DB Advisors
The viability of the Eurozone project continues to weigh on fixed income market, says chief investment officer of DB Advisors.