Barclays Capital
IIC launches euro iBoxx ABS index
Frankfurt-based International Index Company (IIC) has launched the iBoxx EUR ABS 50 index, which consists of the 50 largest and most liquid AAA-rated European floating rate asset-backed securities (ABS) and mortgage-backed securities (MBS). Each…
BarCap adds industry name to plastics business
Barclays Capital has bolstered its plastics business with the appointment of David Paul as director of commodity sales in London. Paul joins from the New York based brokerage firm Refco, where he was global head of plastics futures trading.
Coyne joins Citibank to head FX prime brokerage
Deutsche Bank’s former global head of forex prime brokerage Andrew Coyne has joined Citigroup to run its global foreign exchange prime brokerage operation in London.
BarCap extends Barx to variance swaps
Barclays Capital has extended Barx, its electronic single-dealer trading platform, to cover variance swaps. The service will enable Barclays’ customers to trade variance swaps on a variety of equity indexes through their Bloomberg terminals.
Barclays opens first Chinese branch
Chinese regulators have granted UK bank Barclays a branch license for its Shanghai office. The license allows Barclays, including its investment banking arm Barclays Capital, to provide money market and foreign exchange services, and advise corporate…
BarCap launches South African inflation index
Barclays Capital and the Bond Exchange of South Africa (Besa) have launched an index of South African government inflation-linked bonds.
A Cleaner Act for Credit Derivatives
As credit volumes have increased, firms must grapple with price transparency and operational risk.
Filling the ratings void
Unlike bond investors, structured products investors lack the benefit of industry-standard risk ratings. But with investors, IFAs and distributors all demanding change, Germany's investment banking industry, analytic firms and ratings agencies across…
Major dealers issue joint letter to Fed on credit derivatives
The New York Federal Reserve meeting with 14 major dealers on September 15 appears to have succeeded in coercing the industry into taking more concerted action to tackle the mounting problems in credit derivatives confirmation backlogs. Following the…
BarCap adds precious metals dynamic order book to trading platform
Users of Barclays Capital’s cash and derivatives electronic trading platform, BARX for Commodities, now have access to a dynamic order book function for precious metals. Launched today, the new feature allows clients to submit orders which are then…
Barclays boosts inflation-linked business
Barclays Capital has reshuffled its inflation products teams around the world, as it faces up to strong competition in the sector.
BarCap teams with HFR to offer hedge fund options
Barclays Capital and HFR Group are offering transparent pricing for hedge fund-linked tradable options. Based on the HFRX Global Hedge Fund Index, BarCap will offer a two-way market in European call options to its institutional clients and counterparties…
Five market-makers back CME eurozone inflation futures
Barclays Capital, Ixis Corporate and Investment Bank, Lehman Brothers, Nomura International and the Royal Bank of Scotland have all agreed to become market-makers for the Chicago Mercantile Exchange’s (CME) new eurozone inflation futures contract. The…
Lloyds TSB appoints head of quantitative analytics
Lloyds TSB Financial Markets has appointed John Crosby as global head of quantitative analytics and research in London. He will lead a team of quants and will be responsible for developing models for pricing derivatives instruments across all asset…
Isda’s ‘novation protocol’ aims to tackle derivatives backlogs
The world's major derivatives dealers have signed up to the International Swaps and Derivatives Association’s long-awaited ‘Novation Protocol’, which seeks to facilitate the transfer of existing trades to third parties.
Markit adds base metals to valuations tool
London-based Markit has added valuations for base metals derivatives traded in London to its Totem service. Until now, its commodity valuation service covered a range of energy contracts and precious metals.
Tradition offers property derivatives
Tradition Financial Services (TFS) has become the latest inter-broker to enter the property derivatives fray.
IAS 39 pushes Europe back to basics
Eight months after the introduction of International Financial Reporting Standards (IFRS), dealers say there has been a discernable impact on the derivatives market, as European firms look to simplify hedging strategies.
Barclays Capital continues to build equity derivatives unit
Barclays Capital has continued the expansion of its equity derivatives department with the appointments of Ed Ware, Javier Martin and Tetsuo Majima.
CME to launch European HICP inflation futures
The Chicago Mercantile Exchange is set to launch a European inflation futures contract based on the eurozone harmonised index of consumer prices (HICP), excluding tobacco, an annual inflation measure published by Eurostat, on September 19. The contracts…
BarCap expands equity derivatives coverage
Barclays Capital has expanded its equity derivatives coverage with the hiring of Luca Agostini and Hermann Bader as directors in strategic equity derivatives.
SG boosts European rates sales
Société Générale has hired Jan de Bondt and Ian Morgan in rates sales as the bank looks to expand its European footprint in the rates business.
RBS appoints insurance coverage head
Royal Bank of Scotland (RBS) has hired Gareth Braithwaite as global head of insurance for its financial institutions relationship management team.
European ABS: Will it end in tiers?
As part of a special focus on asset-backed securities, we take a look at the European ABS market. After a prolonged period of spread compression, credit tiering may be making a return to the market, as Alan McNee reports