Deutsche Bank
Leading dealers sign up to new CDS matching service
JP Morgan Chase, Deutsche Bank and Morgan Stanley have signed up for a new global credit default swap (CDS) matching service that the Depository Trust & Clearing Corporation (DTCC) plans to launch in June.
TriOptima terminates €420 billion in rate swaps
The delayed first run of TriOptima’s swap tear-up service, TriReduce, eliminated 7,880 euro-denominated interest rate swaps with a notional value of €420 billion – or about a fifth of the notional value of the credit derivatives market.
Political uncertainty feeds US rates volatility
Despite the end of large scale hostilities in Iraq, continuing political uncertainty in the wake of the war is likely to cause increased intra-day US interest rates volatility in the short term, according to research by Deutsche Bank.
Deutsche Bank hires BoA veteran in Hong Kong
Deutsche Bank has hired Linda Fok as director and head of local corporate relationships in its global banking division in Hong Kong.
Hong Kong banks ready SARS contingency plans
Banks are readying contingency plans for FX trading in Hong Kong, as a potentially fatal pneumonia virus grips the trading centre.
Deutsche hires Letica to head agency CMO trading
Deutsche Bank has hired Nicholas Letica as head of agency collateralised mortgage obligation (CMO) trading.
BarCap creates new rates sales position
Barclays Capital has hired Chico Khan-Gandapur as a London-based managing director within its European rates sales team. Gandapur will start work in the newly created role within the next few months, a BarCap spokeswoman said.
Dhown joins Deutsche from JP Morgan Chase
Deutsche Bank has hired Raj Dhown, who previously sold structured interest rate and credit derivatives products at JP Morgan Chase, as head of UK, Scandinavia, Holland and Ireland fixed-income, cash and derivatives marketing.
FiXing op risk
In a post-Rusnak era, operational risk management is a high priority. Could the Financial Information eXchange messaging standard provide a safety net?
ECB highlights dangers of over-concentrated FX market
Market consolidation and a reliance on electronic trading in the foreign exchange markets could lead to an over-concentration of risk and liquidity among too few market participants, the European Central Bank has warned.
Mark-it Partners puts it all on Red
Deutsche Bank, Goldman Sachs and JPMorgan are negotiating the sale of their credit derivatives reference entity database, Red, to UK credit risk data company Mark-it Partners.
SPV Ruling: Counting the cost
The recent crop of high-profile accountancy scandals has forced the US accounting regulator to clamp down on the 'creative' use of special purpose vehicles to shift liabilities off balance sheet. Saskia Scholtes investigates the ramifications for firms…
Fimat Group reinforces Asian operations
Fimat Group, the brokerage arm of French bank Société Généralé, has promoted a number of its staff in the Asia-Pacific, in a move aimed at reinforcing its position in the region.
Red backers confirm exclusive talks with Mark-it
Deutsche Bank, Goldman Sachs and JP Morgan, the backers of a credit derivatives reference entity database called Red, have confirmed they are in exclusive talks to sell their database to UK start-up company Mark-it Partners.
Deutsche launches commodity indexes
Deutsche Bank has launched two new indexes that track the performance of a small set of liquid commodities.
Dollar downturn sparks rise in hedging activity
The fall of the US dollar in the past few months has sparked an increase in hedging activity among US companies, despite their reluctance to use hedges just six months ago.
Deutsche offers first yield enhancement fund to Asian retail investors
Deutsche Bank has begun offering Singaporean retail investors access to a new Luxembourg-based yield enhancement fund. The move marks the first public offering of a structured fund under the Xavex brand, the Luxembourg-based asset managment entity of the…
Mark-it plans to offer data pricing service for structured credit
Mark-it Partners, a two-year-old company founded by senior bankers at Canada’s Toronto Dominion, is in advanced negotiations to set up a data pricing service for collateralised debt obligations (CDOs). If successful, this could become the first such…
Pension deficit concern sparks demand for default protection
Traders saw a marked increase in volumes for credit protection, following a credit watch alert by rating agency Standard & Poor’s (S&P) on 12 major European corporations earlier today. S&P today warned that the companies, including Sainsbury’s, Rolls…
Lepus lists op risk leaders
US firm OpRisk Analytics, Canada-based Algorithmics, and UK company Raft International are leading the operational risk vendor market, according to a report published in January by management consultancy Lepus.
Deutsche Bank Brazil appoints head of global markets
Deutsche bank has hired Daniel Luiz Gleizer, a former deputy governor for international affairs at the central bank of Brazil, as managing director and head of its global markets division in Brazil.
ABN and Deutsche roll out iBoxx 100-linked note
ABN Amro and Deutsche Bank have joined forces to launch a credit default swap product linked to the iBoxx 100 index. The iBoxx 100 note reflects the performance of the top 100 names in the iBoxx euro corporate overall index, weighted by their duration…
Top dealers plot ‘Project Red’ revival
The backers of ‘Project Red’, a credit derivatives reference entity database (Red) set up by top dealers Deutsche Bank, Goldman Sachs and JP Morgan to remove basis risk in credit trading, have conditionally agreed to sell the service to UK credit risk…
Bank of America to set up global forex structuring team
Bank of America plans to set up a global foreign exchange structuring team with the appointment of Eric Ohayon from Lehman Brothers.