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Reputational risk key for GCC executives
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Nymex launches electronically traded options on energy and base metal contracts
The New York Mercantile Exchange (Nymex) will list options on crude oil, natural gas, gold and silver on the Chicago Mercantile Exchange’s (CME) Globex electronic trading platform, beginning on June 24 for a trade date of June 25.
Lehman Brothers buys Eagle Energy
Lehman Brothers, the global investment bank, has announced that it will buy the remaining two thirds of energy marketing and services company Eagle Energy Partners for an undisclosed fee.
Asian Development Bank launches carbon fund
The Asian Development Bank (ADB) has launched a fund to provide capital to buy carbon credits at the outset of clean energy projects, after commitments from participants exceeded the $80 million needed for launch.
BNP expands commodity derivatives
BNP Paribas has hired Jose Cogolludo as head of commodity derivatives sales and marketing, the first move in an expansion of its commodity team.
Merrill Lynch launches first rated CFXO
Merrill Lynch has launched the first full rated and managed collateralised foreign exchange obligation. The product is being managed by Crédit Agricole Asset Management, and rated by Standard & Poor's.
Singapore Exchange hires new head of development
Singapore Exchange has hired Chew Sutat as its new head of development, with effect from June 1. He is currently Standard Chartered’s group head of investment and treasury products for the wealth management business.
Trading platforms strike deal with LiquidityHub
LiquidityHub, the London-based electronic trading consortium, has signed agreements to distribute its liquidity in the interest rate swap and US Treasury bond markets across the Reuters and Bloomberg trading platforms.
DBS establishes first Islamic bank in Singapore
Singapore’s first Islamic bank was set up on May 7 to tap the burgeoning Islamic banking activity in Asia. It will offer services in commercial banking, corporate finance, capital market and private banking.
Dexia and AEMS team up to develop new Mifid solution
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Complex business practices open the door to fraud
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