News
Bear Stearns chairman becomes Europe boss
Michel Peretie, chairman of Bear Stearns’ international arm, has been appointed to the new post of chief executive in Europe.
CBOT developing credit derivatives contract and expanding metals coverage
The Chicago Board of Trade (CBOT) is planning to offer credit derivatives to its customers.
Citi reorganises structured credit
Citigroup has reorganised and expanded its global structured credit business. The firm has combined its cash and synthetic structured credit businesses and made some key hires, as well as establishing an illiquid structured credit trading business area…
FSA intensifies scrutiny of OTC derivatives market
The UK’s Financial Services Authority (FSA) has warned investment banks and hedge funds that they need to address persistent weaknesses in the derivatives market.
Settlement biggest CDS market challenge, says Fitch
Prompt and efficient settlement is one of the biggest challenges facing the credit derivatives market, according to a survey published today by Fitch Ratings.
BNP hires two in hedge fund equity finance sales
BNP Paribas has filled two new positions on its European team selling equity finance to hedge funds.
TradeWeb offers Canadian bonds to Europe
Thomson TradeWeb, the Jersey City-based fixed-income trading system, has made Canadian bonds available to European customers with Toronto-based network CanDeal.
Boom in derivatives IT spending to hit $5.75 billion by 2009
Boston-based financial services research and consultancy organisation TowerGroup estimates that global IT spending on derivatives will grow 18% annually over the next three years.
Thai CDS spreads blow out on military coup
A political crisis in Thailand has rattled Asian markets, causing spreads on credit default swaps (CDSs) on Thai sovereign bonds to blow out to over 50 basis points on Wednesday from 36bp a day earlier.
Credit derivatives grow by 52% in first-half 2006, says Isda
The credit derivatives market is now worth $26 trillion notional after another six months of rapid growth, according to the International Swaps and Derivatives Association.
BNP expands credit derivatives team
BNP Paribas has created four new posts on its fixed-income structured products and derivatives team in London.
Cognotec hires three senior managers
Cognotec, the Dublin-based foreign exchange vendor, has recruited three senior managers, including two new members of its board.
RBS shuffles leveraged finance team
The Royal Bank of Scotland has made two personnel changes to its leveraged finance business.